US Markets end higher, tech shares rise after tariff exemptions!
US Markets on Monday [14.04.2025]
DowJones +0.8%
Nasdaq +0.64%
S&P500 +0.8%
CBOE Volatility Index cools to 30.9 vs 50+ hit earlier in April 2025!
Investors cheered Trump’s exemption of smartphones and computers, as well as other devices and components such as semiconductors, from his new “reciprocal” tariffs
Though Tariff uncertainty continues as Trump & Commerce Secretary Howard Lutnick said on Sunday that the exemptions are not permanent!
Technology Select Sector SPDR Fund (XLK) +1%
Apple +2.2%
Dell +4%
Other Asset Classes
10-year Treasury yield at 4.37%
Dollar Index at 99.6, lowest level in 3 years
Brent Crude steady at 64.9$/barrel, even after OPEC cuts its demand growth forecast on Trump’s tariffs
Bitcoin at 84600$
Gold at record highs at 3213$/ounce
What to track On Today?
Earnings on Tuesday Bank of America
Citigroup
Johnson & Johnson
PNC Financial US Economic Data March’s import and export price indexes
New York Federal Reserve’s Empire State Manufacturing Survey
Tarrifs on China weighs
White House confirmed to CNBC that the cumulative tariff rate on China would actually total 145% Broken up - New 125% duty on goods, on top of the 20% rate levied in response to the fentanyl crisis
Tariffs currently in effect:
145% duty on all goods from China
25% tariffs targeting aluminium, autos and goods from Canada and Mexico not under the United States-Mexico-Canada Agreement
10% levy on all other imports
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