Fri Apr 11 11:10:00 UTC 2025: ## Market Volatility Continues Amidst Tariff Uncertainty

**New York, NY** – Global markets experienced another day of dramatic swings on Friday, as investors grappled with the ongoing uncertainty surrounding President Trump’s tariff policies. While stock futures initially dipped following China’s retaliatory tariff hike to 125% on US goods, a subsequent announcement by the European Union to send a trade representative to Washington to negotiate deals helped bolster investor sentiment.

Thursday saw significant losses, with the S&P 500 plummeting 3.46%, the Dow Jones Industrial Average falling over 1,000 points (2.5%), and the Nasdaq Composite dropping 4.31%. This followed Wednesday’s dramatic surge driven by a 90-day reprieve on some tariffs. The reprieve, however, proved short-lived in calming investor anxieties.

Jed Ellerbroek of Argent Capital Management noted that the lower, yet still substantial, tariff levels remain a significant problem, creating uncertainty for businesses and consumers and potentially leading to higher inflation and lower economic growth.

Despite the volatility, major averages are still on track for weekly gains, with the S&P 500 poised for a 3.8% increase, its best weekly performance since November. The Nasdaq and Dow are also projected to see substantial weekly gains. However, since the initial announcement of reciprocal tariffs in April, the S&P 500 is still down 7.1%.

The dollar weakened against major currencies, including the yen and the Swiss franc (both considered safe havens), while the euro and British pound strengthened. The rise in the British pound was partly attributed to better-than-expected economic growth figures. Treasury yields also climbed, reflecting the ongoing market uncertainty.

Analysts like Krishna Guha of Evercore ISI highlighted the market’s demand for greater clarity on tariff policy, suggesting that a complete cessation of tariffs (excluding those on China) or negotiations with China are needed to stabilize the market. The day’s trading underscored the interconnectedness of global markets, with movements in equities, bonds, and the dollar reflecting the ongoing tension. While Friday closed with futures slightly up, the week’s events underscore the significant impact of trade policy on global financial markets.

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