Gold has crushed the S&P 500 this year, as risk assets and even traditional safe haven trades struggle against tariff fears. The day before Good Friday is one of five early market closing days recommended by the Securities Industry and Financial Markets Association. The New York Stock Exchange will be closed for 10 holidays in 2025, and Good Friday on April 18 is one of them.
The risks of loss from investing in CFDs can be substantial and the value of your investments may fluctuate. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how this product works, and whether you can afford to take the high risk of losing your money. The stock market is still not cheap, even after Thursday’s plunge, and that’s a reason for investors to brace for more losses as the worst-case scenarios get baked into valuations in the coming weeks. To understand the market’s fear of tariffs, it’s important to know that earnings growth has historically been the No. 1 driver of stock market gains. The stock market is closed on Friday, April 18 in honor of Good Friday.
All market data (will open in new tab) is provided by Barchart Solutions. In the long run, a portfolio of well chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market account. In the long run, a portfolio of poorly chosen stocks won’t outperform the money left under the mattress. Please bear with us as we address this and restore your personalized lists. Stock markets will be closed on Good Friday, just ahead of Easter Sunday.
Goldman Sachs said earlier this year that for every 5-percentage-point increase in the tariff rate, investors could expect S&P 500 earnings to fall by 1% to 2%. After Trump’s Rose Garden address, the US tariff rate stood at about 20%. Markets had surged earlier in the day, with the Dow opening on Tuesday 862 points higher than when markets closed on Monday.
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- The New York Stock Exchange will be closed for 10 holidays in 2025, and Good Friday on April 18 is one of them.
- The inclusion of a company in the Dow Jones Industrial Average does not depend on defined criteria.
- Meanwhile, markets are still keeping watch for signs of economic stress after stocks fell in the wake of a hotter-than-expected read on “core” PCE — the Federal Reserve’s preferred measure of inflation.
Tesla, Nvidia, Meta lead ‘Magnificent 7’ stocks lower
Easter is always on a Sunday and falls on April 20 this year. Also closed on April 18 will be Nasdaq and the bond markets. European stocks surged after European Commission President Ursula von der Leyen paused retaliatory tariffs and said she welcomes Trump’s move to pause his “reciprocal” tariffs. US oil fell again Thursday to below $60 a barrel, near where oil was in April 2021.
Is the stock market open today on Good Friday?
The stock exchange also closed on Thursday, Jan. 9 this year in honor of the later former President Jimmy Carter and to pay tribute on the National Day of Mourning. The NYSE, along with all U.S. stock and bond markets, close on Good Friday Day 2025. The next holiday when the stock market will be closed is on Memorial Day, May 26.
When stocks slump, investors usually seek out safe havens like US government bonds and the dollar. Yet investors are selling the dollar while other safe havens, like gold, are soaring. The dollar has broadly weakened this year in a potential sign of waning confidence in the US. Trump, who appointed Powell during his first term, has long bickered with the Fed chair over interest rates. The Fed’s independence from politics is a dowmarkets hallmark of the central bank, and analysts overwhelmingly expect markets to react negatively to an attempt to fire Powell. Trump’s attack on the Fed’s independence has also raised concerns that investors might lose confidence in the stability of US markets.
“Markets have clearly taken note but are still far from pricing in the most negative scenarios, with valuations on many equities still elevated vs history,” Adam Hetts, a Janus Henderson portfolio manager, said Thursday. In the event of a full-blown economic contraction, Bank of America said, the S&P 500 could drop to 5,000. That would represent a decline of about 8% from Thursday’s levels. A recession usually hurts earnings and business activity, while consumer spending is also likely to drop. The S&P 500 closed down 1.4%, and the Dow Jones Industrial Average lost 0.97% on the day. Most of the major banks will remain open on Good Friday, according to the Federal Reserve, which does not list the Christian holy day as a federal holiday.
Wall Street Wrap: Fed fears, trade impasse weigh on risk appetite
Data is calculated to the nearest 1%, and updated automatically every 15 minutes. Stocks have sold off amid concerns about the economic impact of Trump’s trade offensive, as uncertainty about its scope dampens market appetite for risk. Investors are now bracing for the broadest set yet of US tariffs, set to be unveiled on April 2 — described as “Liberation Day” by the president. Meanwhile, Trump isn’t backing off his alarming trade war with China — in fact, it’s getting worse. Goods coming from China to the United States are now subject to at least a 145% tariff, the White House clarified Thursday. The 125% “reciprocal” tariff Trump announced on China on Wednesday comes on top of the 20% tariff that had already been in place.
- Major markets erased all gains made on Tuesday following another day of global uncertainty over tariffs imposed by President Donald Trump.
- Nvidia (NVDA) fell Monday as it has neared a 20% loss so far this year, while Tesla (TSLA) has lost more than 35%.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- The US dollar index, which measures the dollar’s strength against six foreign currencies, tumbled 1.7% Thursday, hitting its lowest level since early October.
- Goldman Sachs said Wednesday after Trump’s partial detente that recession chances in the United States were still a coin flip.
The bond market, which had been selling off alarmingly fast — the 10-year Treasury yield surged past 4.5% Wednesday from under 4% earlier in the week — has cooled off just a bit. The chances of a recession were already on the rise, and stagflation risk is front and center as tariffs threaten growth and higher inflation. Bond markets are signaling as much, with the 10-year Treasury yield falling 15 basis points to its lowest level since October. A heads-up for investors looking to trade on Friday that the stock markets will be closed in the United States in observance of Good Friday. We want to clarify that IG International does not have an official Line account at this time. We have not established any official presence on Line messaging platform.
Dow Jones – Dow Jones 30 Index Dow Jones Live Quotes US Index
The religious holiday doesn’t fall on the same date each year. That’s because the date is based on the lunar calendar. Easter comes on the first Sunday after the first full moon following the spring equinox, which was on March 20. That means Easter could fall anywhere from March 22 to April 25. After taking a victory lap Wednesday, the president on Thursday acknowledged some “transition problems” could be expected. But since last week, the S&P 500 has lost nearly 700 points and the Dow is down more than 4,000 points.
An overnight uptick in the stock market came after Treasury Secretary Scott Bessent suggested President Trump is open to negotiating tariffs. The president had previously suggested that he was unwilling to negotiate. The markets steepened their plunge after President Donald Trump announced a broad set of tariffs. Thursday of last week marked the beginning of 10% tariffs on nearly all imported goods into the U.S. He also established what he described as “retaliatory” tariffs against dozens of countries, which are set to begin this week. Krishna Guha, vice chairman at Evercore ISI, said in a Friday note that “recent market action shows a loss of confidence in Trump economic policy,” citing higher Treasury yields and a weaker dollar.
Trump imposes 245% tariff on chinese imports amid trade war
Meanwhile, markets are still keeping watch for signs of economic stress after stocks fell in the wake of a hotter-than-expected read on “core” PCE — the Federal Reserve’s preferred measure of inflation. The March jobs report due on Friday is the data highlight of the week, with updates on private payrolls and job openings also on the docket. Here’s the full rundown on how the holiday weekend will affect U.S. stock exchanges, the bond market and banks. As Yahoo Finance’s Josh Schafer notes, the stock market remains largely at the mercy of Trump’s tariffs. Different headlines and shifts in narratives have driven big market swings over the past several weeks, with all three indexes down since Trump’s “Liberation Day” event. But signs of stress remain in markets beyond just stocks.
Get the latest updates on pre-market movers, S&P 500, Nasdaq Composite and Dow Jones Industrial Average futures. By signing up to newsletters, you agree to our Terms of Use and acknowledge the Privacy Policy. CNN and its affiliates may use your email address to provide updates, ads, and offers. Sign up for CNN Business’ nightly newsletter for the top stories you need to know. Like the Swiss Market Index (SMI), the Dow Jones is a price index. The shares included in it are weighted according to price; the index level represents the average of the shares included in it.
More than 100 S&P 500 companies are set to report earnings as the market looks to find footing. Nvidia and other chip stocks fell as Huawei is reportedly boosting production of its leading AI chips following Trump’s new export rules. IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority. The percentage of IG client accounts with positions in this market that are currently long or short.
Goldman Sachs said Wednesday after Trump’s partial detente that recession chances in the United States were still a coin flip. The US dollar index, which measures the dollar’s strength against six foreign currencies, tumbled 1.7% Thursday, hitting its lowest level since early October. The dollar has broadly weakened this year, a sign of investors’ concern about the health and stability of the US economy.