Market Minute by FS Investments

Stocks tank on tariffs—April 7, 2025

FS Investments

The stock market experienced significant volatility due to newly implemented US tariffs, with major indices like the S&P 500 and NASDAQ 100 falling about 8% and the NASDAQ entering a bear market. This decline also impacted tech stocks and trade-dependent industries, while US revenue-heavy firms saw lesser declines. In response to the economic concerns, treasury yields dropped, and the Fed indicated it would take a measured approach to rate decisions, with predictions of multiple rate cuts in 2025. Commodities were affected, with crude oil prices falling due to increased supply from OPEC+ and reduced global growth expectations, while gold and Bitcoin showed mixed reactions.

A weekly recap of equities, fixed income, commodities, and macroeconomic analysis from the FS Investments research team.

To read the full market minute or to sign up for the weekly email, with charts and data, go to https://fsinvestments.com/marketminute

People on this episode

Podcasts we love

Check out these other fine podcasts recommended by us, not an algorithm.