Stock Market Update Monday April 7, 2025 Equities whipsawed through extreme volatility today, with closing levels masking the day’s chaotic price action. The S&P 500 traded in an eye-popping 8.5% intraday range—driven largely by tariff-related headlines—before closing down just 0.2%. Year-to-date, the index is now off roughly 14%.
For the session:
S&P 500 (SPX): -0.2%
Nasdaq 100 (QQQ): +0.2%
Russell 2000 (IWM): -0.9%
Away From stocks: Treasurys sold off sharply, with yields on the 2-year and 30-year rising 5 bps and 17 bps to 3.73% and 4.58%, respectively. The long bond closed at its highest yield of the month. Crude oil (WTI) slid below $61/barrel, gold continued to face pressure at $2,975/oz, and Bitcoin eased to $78,400. Volatility surged, with the VIX spiking to 48—up 26 points in just five sessions.
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