Stocks rebound, Bitcoin flirts with $84k amid easing trade concerns
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On Friday, April 11, U.S. stock markets showed resilience, recovering from earlier losses driven by escalating trade tensions and inflation worries. U.S. stocks climbed despite early week volatility , as consumer sentiment dropped and 10-year Treasury yields rose, while investors digested new tariff developments in the U.S.-China trade dispute. The S&P 500 gained 1.81% after fluctuating throughout the day. The Nasdaq Composite also swung between gains and losses before finishing up 2.0% while the Dow Jones Industrial Average jumped over 1.5%. Bitcoin ( BTC ) briefly traded above $84,000 before settling at $83,796 at the time of writing. You might also like: Acting SEC chair Mark Uyeda eyes regulatory ‘sandbox’ for crypto firms Caution as the markets look ahead Concerns lingered over the U.S.-China trade dispute. China’s recent decision to raise tariffs on U.S. goods to 125% in response to the U.S.’s 145% tariff hike has intensified market volatility. Investor sentiment was bolstered by JPMorgan Chase’s robust earnings report, which surpassed expectations with an EPS of $5.07 on $45.31 billion in revenue. However, CEO Jamie Dimon cautioned about “considerable turbulence” due to ongoing economic uncertainties. In commodities, gold futures surged to a new record above $3,200 as investors sought safe-haven assets amid market uncertainty. Looking ahead, investors remain cautious, balancing strong corporate earnings against geopolitical tensions and inflationary pressures . The market’s ability to navigate these challenges will be crucial in the coming weeks. You might also like: Senators reintroduce PROOF Act to ban crypto fund co-mingling
Source: crypto.news
