Market Brief 9 April, 2025
Good evening, investor/trader! The markets experienced a wild ride today, with the Nasdaq 100 Index (NDX) surging by 8.9% and the S&P 500 Index (GSPC) climbing by 7.3% after President Trump announced a 90-day pause on tariffs for most countries, excluding China. The move sparked a massive rally in stocks and cryptocurrencies, with Bitcoin (BTC) jumping by 6.18% and Ethereum (ETH) gaining 11%. The SEC approved options trading on spot Ethereum ETFs, a significant development for the cryptocurrency market. The news also triggered a sell-off in the bond market, with the 30-year Treasury yield rising by 20 basis points to 5.60%. The global trade war continues to be a major source of uncertainty for markets, and investors are closely watching the situation for any further developments.
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