Market Brief 21 April, 2025

Good evening, investors and traders! The markets are experiencing a volatile day, with the S&P 500 Index (GSPC) closing down 2.36% at 5,158.13 and the Nasdaq 100 Index (NDX) closing down 2.45% at 15,887.35. President Trump's continued attacks on the Federal Reserve and its Chair Jerome Powell are causing significant market uncertainty, leading to a sell-off in stocks and a surge in safe-haven assets like gold and Bitcoin. Gold prices have reached a new all-time high, surpassing $3,400 per ounce, while Bitcoin has surged past $88,000. The U.S. dollar has tumbled to a three-year low against the euro, further fueling the market turmoil. The trade war between the U.S. and China continues to escalate, with China warning countries against striking trade deals with the U.S. at its expense.