Day Traders Diary

4/7/25

The major averages went on another wild ride with the S&P 500 and Nasdaq rallying into the green this afternoon only to fall back into the red. The Dow Jones Industrial Average fell 349 points after falling over 1000 points on the open for the third straight day. The S&P 500 fell 11points after falling 200 points or 2% on the open. The S&P 500 briefly fell into bear market territory or down 20% for the year. The Nasdaq rose 15 points after falling over 700 points or 5% on the open.

The administration said at least 50 nations had reached out to start negotiations.

Trump did double down with China threatening China on Monday with even higher tariffs. Apple shares fell more than 5% at their lows of the session after Trump's threat to double-down on China tariffs.

To the plus side, we had the chipmakers higher. Most of the big cap techs outside Apple and Tesla were higher as well. The banks for the most part were higher.

Yields were higher. The 10-year Treasury gained 17 basis points to 4.16%. The 2-year Treasury yield advanced 8 points to 3.75%.

Gold, oil and bitcoin were all down 1%.