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ADDX GO Market Morning Wrap - 11th Apr

Go Wire
Go Wire
April 10, 2025
GoGPT Summarizes Articles

Stock Market

The three major stock indexes in New York stock market dropped significantly on the 10th. As of the close of the day, the Dow Jones Industrial Average fell 1,014.79 points compared to the previous trading day, closing at 39,593.66 points, a decrease of 2.50%; the S&P 500 stock index fell 188.85 points, closing at 5,268.05 points, a decrease of 3.46%; the Nasdaq Composite Index fell 737.66 points, closing at 16,387.31 points, a decrease of 4.31%.

 

The "Big Seven" all retreated. (Arranged by market value) Apple dropped 4.24%; Microsoft dropped 2.34%, NVIDIA dropped 5.91%, Amazon dropped 5.17%, Google C dropped 3.53%, Meta dropped 6.74%, and Tesla dropped 7.27%.$AAPL $MSFT $NVDA $AMZN $TSLA 

The Philadelphia Semiconductor Index dropped 7.97%, and all 30 constituent stocks closed lower. AMD dropped 8.41%, Broadcom dropped 6.94%, Qualcomm dropped 6.4%, Arm Holdings dropped 5.75%, ASML dropped 5.49%, and Taiwan Semiconductor Manufacturing Company dropped 4.8%.$AVGO $QCOM $ARM $ASML $TSM 

 

Key Events

  • U.S. CPI Inflation Cooled Across the Board in March, but the "Trump Tariff Shock" Is About to Emerge: Data released by the U.S. Department of Labor on Thursday local time showed that the U.S. CPI inflation in March was lower than expected across the board. However, this optimistic inflation report is not enough to ease market concerns because the Trump tariff shock is about to fully emerge.

  • White House: Trade Negotiations Are Progressing Smoothly, and 15 Countries Have Submitted Agreement Proposals:On Thursday (April 10th) local time, Kevin Hassett, Director of the White House National Economic Council, said that the negotiations between the United States and some of its trading partners are progressing smoothly, and some of the agreements were close to being reached last week.

  • Trump: Tariffs May Bring "Transitional Issues": U.S. President Donald Trump said that his tariff policy may bring "transitional issues", but the United States is currently "in a very good state".

Forex & Commodities


The international gold price soared. The spot gold price reached a record high, and the gold futures price is just one step away from the record high.
 
As of the close, the settlement price of COMEX gold futures increased by $98.1, an increase of 3.19%, to $3,177.5 per ounce; the settlement price of spot gold increased by $93.31, an increase of 3.03%, to $3,175.89 per ounce.
 
As of the close of the day, the price of light crude oil futures for delivery in May on the New York Mercantile Exchange dropped by $2.28, closing at $60.07 per barrel, a decrease of 3.66%; the price of London Brent crude oil futures for delivery in June dropped by $2.15, closing at $63.33 per barrel, a decrease of 3.28%.
 
At the end of the trading day in New York, the ICE U.S. Dollar Index dropped 1.89%, to 100.953 points. The intraday trading range was between 103.027 and 100.700 points, and it continued to fluctuate and decline throughout the day. The Bloomberg U.S. Dollar Index dropped 1.42%, to 1,246.76 points. The intraday trading range was between 1,264.57 and 1,243.11 points.
 
Key Events
  • The Price of Eggs in the United States Hits a New Record High Again! Retailers Are Still Reluctant to Lower Prices for Now: Although the U.S. CPI inflation cooled down across the board in March, the price of eggs did not fall accordingly. Instead, it hit a new historical high. Because retailers are worried about potential supply problems in the future, they have kept the price at a high level.
  • Under the Heavy Pressure of Trump's Tariffs, the EU Considers Buying More Natural Gas from the United States: Dan Jørgensen, the EU's Energy Commissioner, said that the EU will buy more natural gas from the United States to appease U.S. President Donald Trump. At the same time, it will also cut red tape and promote the growth of renewable energy production capacity this year.

Cryptocurrency


The major digital assets fell in the late afternoon of Thursday, and Bitcoin (BTC-USD) dropped below $80,000.
 
Bitcoin dropped 3.5% to $79,507. The 24-hour trading volume of this cryptocurrency dropped 30.9% to $52.83 billion.
 
Ethereum (ETH-USD), the second-largest digital asset by market value, slumped 7.6% to $1,518.
 
XRP (XRP-USD) lost 4.1%, BNB (BNB-USD) fell 0.9%, and Solana (SOL-USD) declined 6.4%.
 
Dogecoin (DOGE-USD) dropped 4.1%, while Cardano (ADA-USD) fell 5.6%.
 
Key Events
 
Will Bitcoin Reach $250,000 This Year? Industry Insiders: The "Big Seven" Are Expected to Accept Stablecoins in the Future:Charles Hoskinson, a senior figure in the cryptocurrency industry and the founder of the Cardano blockchain, believes that with technology giants such as Microsoft and Apple entering the cryptocurrency field, Bitcoin may reach $250,000 as early as this year.
 
Hoskinson said on Tuesday this week, "People will realize that the whole world is willing to negotiate... The market will stabilize a bit, they will get used to the new normal, and then the Federal Reserve will lower interest rates.
 
People will then have a lot of fast and cheap funds, and these funds will flow into cryptocurrencies."Although industry insiders are still optimistic about this cryptocurrency, Bitcoin is still far below the all-time high of over $100,000 set in January.

Market Events and Most Anticipated Earnings Releases

#Market Morning Wrap#$Apple Inc.(AAPL)#$Microsoft Corp(MSFT)#$Nvidia Corp(NVDA)#$Amazon.Com Inc(AMZN)#$Tesla Inc. Common Stock(TSLA)#$Broadcom Inc. Common Stock(AVGO)#$Qualcomm Inc(QCOM)#$Arm Holdings plc American Depositary Shares(ARM)#$ASML Holding NV(ASML)#$Taiwan Semiconductor Manufacturing Company Ltd.(TSM)