Market Brief 2 April, 2025

Good evening, investors and traders! The markets are experiencing a volatile day, with the S&P 500 Index (GSPC) closing up 0.73% at 5,674.20 and the Nasdaq 100 Index (NDX) closing up 0.98% at 17,620.22. President Trump's tariff announcement has sent shockwaves through the markets, with investors bracing for the impact on global trade. The announcement has also sparked a surge in Bitcoin, which has climbed above $86,000. Meanwhile, the stablecoin FDUSD has lost its dollar peg after Justin Sun accused First Digital Trust of insolvency. The news has also led to a decline in Ethereum, which has dropped nearly 35% since Eric Trump recommended buying it two months ago.