US Stocks Mixed Amid US-China Trade War; Gold Hits $3,175 High, Treasury Yields at 4.48% on April 11, 2025

On Friday, April 11, 2025, U.S. stock markets displayed mixed performance amid escalating trade tensions between the U.S. and China. While the Dow Jones Industrial Average rose by 1.8%, or over 700 points, the S&P 500 and Nasdaq Composite added 2% and 2.1%, respectively. China announced increased tariffs on U.S. imports, raising them to 125%. This move intensified market anxieties, contributing to a surge in gold prices, which reached a high of $3,175.07 per ounce. Treasury yields also experienced an increase, with the 10-year yield reaching 4.48%. Major banks, including JPMorgan Chase, Morgan Stanley, and Wells Fargo, released their earnings reports. Morgan Stanley reported net revenues of $17.7 billion and EPS of $2.60. Wells Fargo reported earnings of $1.27 per share, beating estimates by $0.02. JPMorgan Chase reported EPS of $5.07, exceeding analysts' expectations. U.S. inflation data released on April 10, 2025, showed the annual inflation rate at 2.4% for the 12 months ending in March. Overall, market sentiment remained volatile due to the uncertainties surrounding the trade war, despite positive earnings reports and inflation data.