{"id":49255,"date":"2025-04-11T13:29:16","date_gmt":"2025-04-11T18:29:16","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-recap-stocks-inch-higher-after-volatile-week-of-tariff-turbulence\/49255\/"},"modified":"2025-04-11T13:29:16","modified_gmt":"2025-04-11T18:29:16","slug":"market-recap-stocks-inch-higher-after-volatile-week-of-tariff-turbulence","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-inch-higher-after-volatile-week-of-tariff-turbulence\/49255\/","title":{"rendered":"Market Recap: Stocks Inch Higher After Volatile Week of Tariff Turbulence"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-inch-higher-after-volatile-week-of-tariff-turbulence\/49255\/#Market_Performance_Major_Indexes_Stabilize_After_Wild_Swings\" >Market Performance: Major Indexes Stabilize After Wild Swings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-inch-higher-after-volatile-week-of-tariff-turbulence\/49255\/#Tariff_Tensions_US-China_Trade_War_Escalates\" >Tariff Tensions: U.S.-China Trade War Escalates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-inch-higher-after-volatile-week-of-tariff-turbulence\/49255\/#Banking_Sector_Leads_Earnings_Season_Kickoff\" >Banking Sector Leads Earnings Season Kickoff<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-inch-higher-after-volatile-week-of-tariff-turbulence\/49255\/#Tech_Sector_Mixed_Performance_Among_Market_Leaders\" >Tech Sector: Mixed Performance Among Market Leaders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-inch-higher-after-volatile-week-of-tariff-turbulence\/49255\/#Upcoming_Market_Events\" >Upcoming Market Events<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-inch-higher-after-volatile-week-of-tariff-turbulence\/49255\/#Market_Outlook_Uncertainty_Prevails\" >Market Outlook: Uncertainty Prevails<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Performance_Major_Indexes_Stabilize_After_Wild_Swings\"><\/span>Market Performance: Major Indexes Stabilize After Wild Swings<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The major U.S. stock indexes inched higher on Friday, April 11, 2025, as traders cautiously navigated the final trading session of what has been one of the most volatile weeks in recent market history. The <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> added 0.2%, the <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average hovered near the flatline, while the tech-heavy Nasdaq Composite rose 0.4%.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>This modest recovery comes after Thursday&#8217;s steep selloff when the Dow tumbled over 1,000 points (2.5%), the S&#038;P 500 fell 3.46%, and the Nasdaq plunged 4.31%. Despite Friday&#8217;s gains, the major indexes remain well below their levels before President Trump&#8217;s &#8220;Liberation Day&#8221; tariff announcements on April 2.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p><b>Weekly Performance:<\/b><br \/>&#8211; Dow Jones: +3.3% for the week<br \/>&#8211; S&#038;P 500: +3.8% for the week<br \/>&#8211; Nasdaq Composite: +5.1% for the week<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>The CBOE Volatility Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=VIX\">VIX<\/a>), Wall Street&#8217;s &#8220;fear gauge,&#8221; has retreated from its midweek spike above 50 but remains elevated near 44, reflecting continued uncertainty in the markets.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tariff_Tensions_US-China_Trade_War_Escalates\"><\/span>Tariff Tensions: U.S.-China Trade War Escalates<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Market volatility has been primarily driven by the rapidly evolving trade situation. After Wednesday&#8217;s historic rally following Trump&#8217;s announcement of a 90-day pause on many &#8220;reciprocal&#8221; tariffs, markets tumbled Thursday when the White House clarified that goods from China would still face a staggering 145% tariff rate.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>China retaliated on Friday by raising its levies on U.S. products to 125% from 84%, with the Chinese finance ministry stating, &#8220;Even if the U.S. continues to impose higher tariffs, it will no longer make economic sense and will become a joke in the history of world economy.&#8221;<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>Meanwhile, the European Union has paused its retaliatory tariffs and announced its trade representative will fly to Washington on Sunday to &#8220;try and sign deals&#8221; during the 90-day reprieve period.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Banking_Sector_Leads_Earnings_Season_Kickoff\"><\/span>Banking Sector Leads Earnings Season Kickoff<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The first-quarter earnings season officially began with major banks reporting results that offered insights into the economic impact of recent trade tensions:<\/p>\n<p>&#8211; <b>JPMorgan Chase (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=JPM\">JPM<\/a>)<\/b> shares rose over 2% after reporting better-than-expected Q1 earnings of $5.07 per share on revenue of $46.01 billion, driven by record equities trading amid market volatility. CEO Jamie Dimon maintained a cautious tone, noting that &#8220;clients have become more cautious amid an increase in market volatility driven by geopolitical and trade-related tensions.&#8221;<cscitation citation_id=\"task_2__2\"><\/cscitation><cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>&#8211; <b>Wells Fargo (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=WFC\">WFC<\/a>)<\/b> shares rose about 1% in early trading despite reporting a 6% year-over-year decline in net interest income to $11.50 billion. CEO Charlie Scharf highlighted economic uncertainty, stating, &#8220;We support the administration&#8217;s willingness to look at barriers to fair trade for the United States, though there are certainly risks associated with such significant actions.&#8221;<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>&#8211; <b>Morgan Stanley (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MS\">MS<\/a>)<\/b> gained more than 1% after reporting Q1 net revenue of $17.7 billion, exceeding analyst expectations of $16.56 billion.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tech_Sector_Mixed_Performance_Among_Market_Leaders\"><\/span>Tech Sector: Mixed Performance Among Market Leaders<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The &#8220;Magnificent Seven&#8221; tech stocks showed mixed performance on Friday, with most posting modest gains that helped support the broader market:<\/p>\n<p>&#8211; <b>Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>)<\/b> and <b>Alphabet (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GOOGL\">GOOGL<\/a>)<\/b> led the group with gains exceeding 2%<br \/>&#8211; <b>Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>)<\/b> and <b>Microsoft (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSFT\">MSFT<\/a>)<\/b> each rose more than 1%<br \/>&#8211; <b>Amazon (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMZN\">AMZN<\/a>)<\/b> edged up 0.24%<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>However, U.S. chip manufacturers faced significant pressure after the China Semiconductor Association announced that chip tariffs will be based on where they are manufactured rather than shipped from. Texas Instruments (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TXN\">TXN<\/a>) plunged more than 9%, while Microchip Technology (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MCHP\">MCHP<\/a>) and Intel (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=INTC\">INTC<\/a>) dropped more than 7%.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Market_Events\"><\/span>Upcoming Market Events<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors should keep an eye on these key events in the coming weeks:<\/p>\n<p>1. <b>European Central Bank Meeting<\/b> (April 17): Markets are pricing in a 95% chance of a 25 basis point rate cut.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>2. <b>Tech Earnings<\/b>: Major tech companies reporting in the next two weeks include:<br \/>   &#8211; Netflix (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NFLX\">NFLX<\/a>): April 17<br \/>   &#8211; Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>): April 22<br \/>   &#8211; Alphabet (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GOOGL\">GOOGL<\/a>): April 25<br \/>   &#8211; Microsoft (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSFT\">MSFT<\/a>), Amazon (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMZN\">AMZN<\/a>), and Meta Platforms (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=META\">META<\/a>): April 30<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>3. <b>Economic Data<\/b>: Upcoming releases will be closely watched for signs of inflation driven by tariffs and potential economic slowdown.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Outlook_Uncertainty_Prevails\"><\/span>Market Outlook: Uncertainty Prevails<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Despite Friday&#8217;s modest gains, market sentiment remains cautious as investors assess the economic impact of escalating trade tensions. JPMorgan economists have reduced their estimate of a U.S. and global recession this year to 50%, down from 60% earlier this month.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>Minneapolis Fed President Kashkari made hawkish comments today, reiterating that &#8220;the potential inflationary impact of tariffs makes the Fed less likely to lower interest rates, even in the face of a weakening economy.&#8221;<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>As earnings season accelerates in the coming weeks, with over 55% of S&#038;P 500 companies reporting between April 21 and May 2, investors will be closely monitoring corporate guidance for insights into how businesses are navigating the uncertain trade environment.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>The dollar index weakened 1% on Friday, putting it on track to end the week down by 3%, while safe-haven assets like <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold<\/a> reached new all-time highs, reflecting ongoing concerns about economic stability.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>As we move forward, market participants will be watching closely for any developments in trade negotiations and signs of economic impact from the tariff policies that have dominated market sentiment throughout this turbulent week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Performance: Major Indexes Stabilize After Wild Swings The major U.S. stock indexes inched higher on Friday, April 11, 2025, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[94],"tags":[633,4,997,31,3730,33,3741,58,3768,3775,174,175,225,295,391],"class_list":["post-49255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","tag-nvda","tag-tsla","tag-mchp","tag-intc","tag-vix","tag-msft","tag-meta","tag-nflx","tag-googl","tag-ms","tag-jpm","tag-wfc","tag-aapl","tag-txn","tag-amzn"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/49255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=49255"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/49255\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=49255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=49255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=49255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}