US Equity Indexes Rise This Week as Trump Pauses Reciprocal Tariffs for 90 Days

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US Equity Indexes Rise This Week as Trump Pauses Reciprocal Tariffs for 90 Days

, MT Newswires - 4:42 PM ET 4/11/2025 US Markets

04:42 PM EDT, 04/11/2025 (MT Newswires) -- US equity indexes rose this week, seemingly unaffected by plunging government bond prices and the dollar after President Donald Trump paused reciprocal import duties on all trading partners except China.

* The S&P 500 closed at 5,363.36 on Friday, versus 5,074.08 a week earlier. The Nasdaq Composite stood at 16,724.46 compared with 15,587.79 a week prior. The Dow Jones Industrial Average ended at 40,212.71 versus 38,314.86 a week ago. Wednesday's surge helped the three mainstream gauges post weekly gains.

* Technology, basic materials, and industrials led gainers this week. All Magnificent-7 stocks ended the week higher, led by Nvidia ( NVDA ) , with a gain of 17%.

* China, the world's second-largest economy, said Friday it raised import levies on the US to 125% from 84%, retaliating against President Donald Trump's decision to jack trade tariffs on the Asian powerhouse. Trump ordered lifting duties on imports from China to 125%, or 145% with the fentanyl levy. Simultaneously, the president announced a 90-day pause for reciprocal tariffs that his administration imposed on all the other US trading partners this week.

* Treasury yields, inversely correlated with bond prices, jumped this week. Deutsche Bank said Friday that the 30-year yield, which soared 13.3 basis points on Thursday, is setting for its biggest weekly gain since the 1980s. The 10-year yield touched 4.59% intraday Friday, versus 4% a week ago.

* Deutsche Bank said the dollar saw a "historic weakening," with the euro posting its biggest gain of 2.3% against the greenback since 2015 on Thursday.

* Gold futures touched $3,263.0 this week, its highest intraday level ever.

* While the headline and core consumer and producer price indexes fell in March, the year-ahead inflation outlook in a University of Michigan survey soared to 6.7% in April, the highest since 1981, from 5% in March. The Michigan consumer sentiment index sank to 50.8 from 57.

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