The trader works on the New York Stock Exchange (NYSE) floor at Opening Bell in New York City on April 9, 2025.
Timothy A. Clary | AFP | Getty Images
Traders were pulled back on Friday as traders considered the latest developments on the Customs Front as they concluded Wild Week.
S&P 500 It has decreased by 0.5%. Dow Jones Industrial Average It reduced by 223 points, or 0.6%. Nasdaq Composite We’ve regained 0.6%.
This week marks one of the most uncertain periods on Wall Street on record. The main average fell on Thursday as traders put a weight on sentiment and Trump announced a 90-day reprieve on some of historic profits seen on Wednesday, losing the mass of historic profits that he saw, and traders went into risk-off mode.
The S&P 500 fell 3.46% on Thursday, but the 30-share Dow fell 1,014.79 points (2.5%). The high-tech Nasdaq finished the day 4.31% lower. On Wednesday, the S&P 500 scored 9.52% in its third-largest profit in a day since World War II, with the 30-share Dow soaring over 2,900 points.
CBOE Volatility Indexknown as Vix, surged over 50 before hovering near 44 at the beginning of the week.
The Trump administration chose a universal tariff rate of 10%, with the exception of China. Products from Beijing will be at 145%, White House officials confirmed with CNBC on Thursday.
China retaliated on Friday by increasing taxes on US products from 84% to 125%. “Even if the US continues to impose higher tariffs, it will no longer be economically meaningful and will become a joke in the history of the world economy,” China’s Treasury ministry said in a statement.
Meanwhile, the European Union said trade representatives were flying to Washington on Sunday to sign a deal “try to trade.”
S&P 500 for the last 5 days
“We’ve seen a lot of effort into making our customers more comfortable,” said Jed Ellerbroek, Portfolio Manager at Argent Capital Management. “This set of policies leaves the US with higher inflation, lower economic growth and annoyed stock markets.”
This is the US tariffs currently in place.
145% obligation on all goods from China Tariffs covering aluminum, automobiles and goods from Canada and Mexico are not based on 10% collection of US-Mexico-Canada contracts on all other imports
Despite the turbulent week, the three main averages are at the pace for solid profits for that period. The S&P 500 is paced with a 3.3% advancement, the best weekly performance since November. NASDAQ is on track to score nearly 5%. The Dow jumps 2.7% each year to keep pace.
Certainly, the major average has fallen sharply since April 2, when the White House announced so-called mutual tariffs on goods from other countries. Since then, the S&P 500 has fallen by more than 7%.
