Day Traders Diary

4/15/25

The major averages opened higher on earnings reports, but then drifted and closed in the red as the US and Chian continue to go tic for tac on tariffs. The Dow Jones Industrial Average lost 155 points, or 0.38%, to close at 40,368. The S&P 500 declined 9 points or 0.17% to 5,396. The Nasdaq Composite ticked down 8 points to 16,823. The three averages are coming off back-to-back winning sessions.

On the earnings front, Bank of America led the charge up 3%. Wells Fargo and Citigroup were higher as well. PNC was modestly higher on earnings as well. The SPDR S&P Bank ETF was higher by a percent.

Netflix will report earnings later this week, but rose 4% today as executives are aiming for a trillion-dollar market cap and a doubling in revenue by 2030 . Netflix will look to continue to grow through password-sharing crackdowns, price hikes, and new ad-supported tier subscriptions. Netflix was a diamond today while Boeing was a dog as China halts jet deliveries.

The benchmark 10-year Treasury yield slipped around 3 basis points to 4.33%. The 2-year Treasury yield rose a basis point to 3.84%.

Gold and oil were quiet today. Bitcoin fell a percent.

Despite recent gains, the three major indexes are still clawing back losses seen in the wake of Trump's original tariff announcement on April 2. The Dow and Nasdaq have each slid 4.4%, while the S&P 500 has dropped 4.8%.