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Today's Market
April 7, 2025 at 2:00 p.m. EST
The tariff news, rumors and responses have been coming fast and furious today. US futures hit their overnight low right around the re-open with the S&P down just under 6%. They worked their way higher from there, however the index officially triggered a bear market (-20% from the high), at least briefly. Equities eventually regained their balance and the S&P moved into positive territory. US Treasuries continue to see pronounced moves but today yields are moving higher. The 2-year yield has seen a 40bp intraday range and the 10-year has also had big swings.
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