Market Movers & Market Sentiment – April 10, 2025
- NexxtGen Markets
- Apr 10
- 3 min read
📉 Trade War Tensions, Big Tech Bounces & China’s Struggles 🏮
🚨 Trade War Tensions Spark Market Euphoria 📈
The latest bombshell from President Trump – a surprise 90-day pause on steep tariffs – set the markets alight on Wednesday. The announcement, replacing reciprocal tariffs with a flat 10% rate, triggered a euphoric rally across major indices. But as trade talks between the US and China continue to shift, traders are left wondering how long this relief rally will last.
Key Takeaways:
S&P 500 surged +9.52%, marking its largest daily jump since 2008.
Nasdaq skyrocketed +12.16%, its best one-day performance since January 2001.
Dow Jones gained +7.87%, its highest rise since the pandemic rebound in March 2020.
Bitcoin surged to over $82K, outperforming expectations as investors sought refuge in digital assets.
💥 Big Tech Sees Major Rebounds 📱
The tech sector rebounded aggressively with the tariff pause, benefiting heavily from the temporary relief. Despite ongoing volatility, investor sentiment surged, especially for large-cap tech firms:
Apple (AAPL) surged +15.33%, marking its best day since 1998, with an $400 billion boost to its market cap.
Nvidia (NVDA) surged +19%, regaining ground after steep 2025 losses.
Tesla (TSLA) rocketed +22.7%, recouping some of its earlier losses as tariff concerns eased, but deep risks remain due to the company’s ties to China.
Amazon (AMZN) jumped +12%, recovering from a 21% slide since February as optimism returned to the retail sector.
🔴 Global Trade: Yuan Hits 17-Year Low 🇨🇳
Amid escalating trade tensions, China's yuan (CNY) tumbled to its weakest point since 2007. The yuan's struggles come as Trump raised tariffs to 125% on Chinese goods, with China vowing retaliatory tariffs of 84%. The currency is further under pressure as China’s central bank guides it lower to cushion exports, but the risks of capital flight remain.
This marks a critical juncture for currency markets, and traders are reminded once again of the inherent risks of trying to time such volatile moves.
📈 A Closer Look at Market Movers 📉
Rubean AG (R1B.DE) gained +40%, closing at €5.94.
Bitcoin (BTC) dipped slightly, down -1% to $81,381.
Pensana Plc (PRE.L) rose +13%, closing at £31.75.
Tullow Oil (TLW.L) fell -12%, closing at £11.98.
🔮 The Market's Mixed Signals: A Cautionary Tale
Wednesday’s massive rally highlights a key lesson in investing: don’t try to time the market. While the relief rally on tariff news was substantial, it was entirely unpredictable. If you had pulled out of the market due to fear, you would have missed one of the biggest one-day gains since the global financial crisis.
However, the 90-day tariff pause is not a guarantee of long-term peace, and caution remains key. Big rallies often signal temporary relief, not full recovery. With trade tensions unresolved, investors are urged to evaluate their portfolios carefully and understand their exposure.
💡 Key Insights and What to Watch 🚨
US CPI Data: Inflation data for March is released today, with economists expecting a slight drop in year-over-year inflation to 2.5%. The real concern, however, lies in the potential impact of tariffs on prices, particularly in key sectors like autos and technology. UBS forecasts that inflation could hit 5% if tariffs remain in place.
CarMax Earnings: CarMax reports earnings on Thursday, and its stock has dropped 12% from December. Meanwhile, competitor Carvana surged +25% on investor optimism about the used car market recovery.
📊 Movers & Shakers
Apple (AAPL) jumped +15.33% to $198.85, following tariff news easing pressure on its global supply chain.
Delta Air Lines (DAL) soared +23.38% to $44.27, after reporting better-than-expected Q1 earnings despite tariff-related headwinds.
Taiwan Semiconductor Manufacturing Co (TSM) saw a +12.29% rise to $158.75, with strong demand for AI chips.
USD/CNH remained stable at 7.35, while China's yuan struggled under growing trade tensions.
What’s Coming Up 🕒
US CPI Data (March): Expect a slight easing in the headline inflation figure to 2.5% YoY, with the core CPI at 3%. Pay close attention to US indices and USD currency pairs for market moves.
🚨 Take Action with NexxtGen Markets 🚨
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