Fear to euphoria

Markets turn from fear to euphoria after tariffs paused, Dow surges 2,900 points, S&P 500 posts biggest gain since 2008, Trump hikes China tariffs to 125%, OpenAI countersues Elon Musk, and Goldman sees 65% chance of recession next year...

Author

Market Briefing
April 10, 2025

Good morning.

The Fast Five → Markets turn from fear to euphoria after tariffs paused, Dow surges 2,900 points, S&P 500 posts biggest gain since 2008, Trump hikes China tariffs to 125%, OpenAI countersues Elon Musk, and Goldman sees 65% chance of recession next year…

Calendar: (all times ET) - Full Calendar

  • Today:
    Initial jobless claims, 8:30A
    Consumer price index (CPI), 8:30A
    Monthly Federal budget, 2:00P

  • Tomorrow:
    Producer price index (PPI), 8:30A

Your 5-minute briefing for Thursday, April 10:

BEFORE THE OPEN

As of market close 4/9/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↓ 21.76% for Week of April 03 2025

Previous week: 27.42%. Updates every Friday.

Market Wrap:

  • Futures up: Dow +280 pts (+0.7%), S&P +0.5%, Nasdaq +0.2%.

  • S&P soared 9% Wed — 3rd-best day since WWII; record 30B shares traded.

  • Trump grants 90-day tariff reprieve (10% cap); China still faces 125%.

  • Skepticism lingers: “What happens after 90 days?”

  • CPI & jobless claims due today; PPI Friday.

EARNINGS

Here’s what we’re watching this week:

Time to Buy Shares of Elon Musk’s Partner

The CEO of Nvidia said Elon Musk's new project is… "easily the fastest supercomputer on the planet." And Eric Fry, the legend who picked 41 stocks that jumped 1,000%+. Is now recommending shares of a company that has partnered with Elon Musk in this new project.

- from our research partner - 

HEADLINES

  • Dow surges 2,900 points, S&P 500 posts biggest gain since 2008 on tariff reversal (more)

  • Fed officials signal they’re not planning to ride to the rescue with rate cuts (more)

  • US Inflation to show some relief ahead of tariff impact (more)

  • Billionaires bought their own shares ahead of fresh market surge (more)

  • Swings in Treasuries trigger global bond market aftershocks (more)

  • Goldman sees 65% chance of US recession in next year (more)

  • China files new complaint to WTO over Trump tariffs (more)

  • Gold rises, eyes best day since October 2023 (more)

  • Apple has best day since 1998 (more)

  • Amazon cancels some onventory orders rrom China after tariffs (more)

  • Trump admin backs off Nvidia's H20 chip crackdown after Mar-a-Lago dinner (more)

  • US weighs farmer bailout as China threatens retaliation (more)

  • OpenAI countersues Elon Musk in bitter legal battle (more)

DEALFLOW

M+A | Investments

  • DSV receives EU approval for $15.8B acquisition of Schenker (more)

  • KKR and Stonepeak to acquire UK's Assura for $2.06B (more)

  • PharmaLogic Holdings Corp., a radiopharmaceuticals contract dev and manufacturing org, acquires majority stake in Agilera Pharma, a contract development and manufacturing organization (more)

  • Tax Protection Plus, a provider of post-filing solutions for tax professionals and taxpayers, received an investment from Quad-C Management (more)

  • Daedalus Industrial, a provider of building management and control systems in the data center and industrial sectors, received an investment from LongueVue Capital

VC

  • Refiberd, a Cupertino, CA-based sorting technology company for textile-to-textile recycling, received $300K from eBay Inc. (more)

  • Nuro, an autonomous driving tech company, raised $106M in Series E funding, at a $6B valuation (more)

  • Solu Therapeutics, a biotech company advancing therapies to eliminate disease-driving cells, raised $41M in Series A funding (more)

  • Ottometric, an emerging tech company specializing in the validation of ADAS, raised $10M in Series A funding (more)

  • Diamo, a revenue platform for independent hotels, raised $4M in Seed funding (more)

CRYPTO

  • Bitcoin surges more than 7% in broad market relief rally as Trump pauses some tariffs (more)

  • Trade tensions to speed institutional crypto adoption (more)

  • SEC approves options on spot Ether ETFs (more)

BULLISH BITES

📈 Elon Musk’s new move: Bigger than DOGE *
💥 Dot-com bust, 1987 crash had massive relief rallies similar to Wednesday's pop.
🧐 From ‘be cool!’ to ‘getting yippy’: Inside Trump’s reversal on tariffs.
👔 GQ examines the "chaotic clothes" of the Trump administration.
👛 Five upscale thrift stores -- known as dépôt-ventes -- in Paris.

DAILY SHARES

Have a comment or suggestion?
💌 Send us a message

*sponsored message

Disclaimer: Market Briefing© is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. Please conduct your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the Market Briefing team. 

Reply

or to participate.