SPDR S&P 500 ETF Trust (SPY)

The average country ETF is down 4% since 4/2, so SPY has underperformed that since Trump's Rose Garden announcement. 

Wall Street ended the week on a strong note, with major indices posting their best weekly performance in years, as traders appeared confident that the escalation in the U.S.-China trade war — which led to triple-digit tariff increases on both sides — would be resolved in the near term.

While Einhorn is uncertain if there will be a recession due to Trump’s tariffs, he said, “the trajectory of the economy is clearly slower.”

This would also fit with Trump’s “drill baby drill” agenda, which seeks to increase energy production in the U.S.

Gold prices initially dipped by nearly 5% after President Donald Trump announced that the ‘Liberation Day’ tariffs would go into effect from April 2. However, since then, the yellow metal has rallied by more than 8% to set a new record high on Friday.

Wall Street bounced back from early losses, driven by upbeat bank earnings and cooler inflation data, while shrugging off trade war concerns.

Dimon, who has been critical of Trump’s tariffs, said that while some companies have already withdrawn their guidance, he expects to see “more of that” going forward.

Revenue rose 17% year-over-year to $17.74 billion during the quarter, surpassing a Wall Street estimate of $16.55 billion. Earnings per share stood at $2.6 versus an estimated $2.21.

Economists and analysts are weighing in on the significantly lower inflation data that the market is ignoring.

Year-ahead inflation expectations shot up from 5% to 6.7%, the highest reading since 1981, according to the University of Michigan.

To make his case, Wright cited the 2014-2016 period, when crude oil prices fell below $30 a barrel. The shale industry got smarter and innovated to bring their costs down, he said.

Fink said in a prepared statement in the earnings report that uncertainty and anxiety about the future of markets and the economy are dominating client conversations.

Revenue rose 3% year-over-year to $20.15 billion, which failed to meet an analyst estimate of $20.76 billion, per FinChat data. Earnings per share stood at $1.39 versus a Street estimate of $1.22. Net income rose 6% to $4.89 billion.

DXY declined over 1% to 99.67 on Friday morning as trade wars between the world’s largest economies gained momentum.

Producer input prices fall more than expected in Mar, aligning with slowdown in consumer inflation. PPI increases by 2.7% YOY, below forecast.

A technical analysis that identifies support and resistance levels for SPY, QQQ, And top tech stocks, as market awaits PPI data.

Bill Ackman attributes the dramatic volatility across rates, currencies, and equities to "forced selling" by leveraged market participants.

Revenue rose 8% year-over-year to $45.31 billion, surpassing a Wall Street estimate of $44.10 billion, per FinChat data. Earnings per share came in at $5.07 versus a Street estimate of $4.65.

BNY reported a 6% year-over-year rise in first-quarter revenue to $4.79 billion, which topped a Wall Street estimate of $4.77 billion, per FinChat data. Adjusted earnings per share came in at $1.58 versus a Street expectation of $1.49.

The Dow Jones futures were up 0.6% at the time of writing, while the S&P 500 and the Nasdaq 100 futures rose nearly 0.8%.

Investor Gary Black has cautioned about impending "lasting damage to the economy" as consumers and businesses are expected to cut spending.

U.S. markets closed lower on renewed fears over Trump's trade war with China, despite easing inflation and mixed sector performance.

U.S. stock futures were volatile on Friday after losing steam on Thursday. Futures of major benchmark indices were lower in premarket.

Market whiplash got you worried? Here's why long-term investors should stay calm during tariff-driven volatility (like any other headline-worthy market crash or rally).