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Tariffs exceeded expectations, U.S. stock Futures plummeted, Apple fell sharply over 7% after hours, U.S. bonds rebounded, and Futures gold reached a new high five times.
Tesla initially fell over 6% but ended up rising over 5%. After Trump announced reciprocal tariffs, the yield on the ten-year U.S. Treasury bond first hit a daily high and then turned lower; Bitcoin surged past the 0.088 million mark before dropping over 3000 dollars. Crude Oil Product closed at a new high for over two months but turned down after Trump's announcement of tariffs.
U.S. stock market closes: all three major Indexes collectively rise as investors hold their breath waiting for Trump's tariffs.
① China Concept Stocks showed mixed performance, with the Nasdaq China Golden Dragon Index closing down 0.09%; ② Tesla closed up 5.31% after reports that Musk would leave the Department of Government Efficiency (DOGE) in the coming weeks; ③ Tesla's Q1 delivery volume plummeted to a two-and-a-half-year low; ④ The cloud of suspicion surrounding Trump's "cash-out" affected DJT's stock price.
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