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Stocks & crypto on edge, bracing for tariff twist

Stocks & crypto on edge, bracing for tariff twist

Date: 2025-04-15 14:23:58 | By Edwin Tuttle

U.S. Stocks Rollercoaster Continues: Markets Open Flat Amid Tariff Jitters

Hang on tight, folks! U.S. stocks are on a wild ride, opening flat on Tuesday after a thrilling Monday close in the green. It's like a seesaw out there!

An hour after the opening bell, the Dow Jones, S&P 500, and Nasdaq were all hovering around the same spot they started. But just yesterday, they were soaring high, ending the day solidly in the green. What a rush!

Tech stocks are riding high thanks to recent exclusions for computers, smartphones, and other gadgets. And get this - auto stocks are zooming ahead with news of possible tariff exemptions for car companies. Vroom vroom!

But hold up, the overall market vibe is still shaky. Everyone's on edge about where these tariffs are headed, especially with the U.S.-China trade war causing chaos left and right.

Premarket gains had Treasury yields doing the wobble, but they stayed up there. The 10-year Treasury took a 6 basis point dive to 4.358%, while the 2-year dropped about 4 basis points to 3.828%. It's like a dance floor out there!

Earnings and Crypto Watch: The Thrill Continues

As investors navigate this tariff rollercoaster, Johnson & Johnson, Bank of America, and Citi are riding high after dropping their earnings bombs before the bell. These stocks shot up as markets opened, with BAC and C soaring 4% and 3% respectively. But JNJ? It took a tiny dip, down 0.54%. Ouch!

And over in crypto land, Bitcoin's not sitting still either. It's slightly up, adding to its weekly gains and challenging that $85,000 mark. Bulls are charging hard, pushing through the downside pressure with a 7% gain in the past week. Talk about resilience!

Despite the Monday equity party, fueled by President Trump's latest tariff moves on autos, semiconductors, and pharmaceuticals, the major indices are still getting tossed around like a salad. Buckle up, it's gonna be a bumpy ride!

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