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US stocks closed higher on Friday, ending one of the most unstable weeks in Wall Street history, despite the escalation of trade war in the United States and sharp inflations.
Dow Jones Industrial Average jumps 618 points, or 1.5%after the end of trade. S& P 500 jumped by 1.8%, while the technologically heavy NASDAQ increased by 2%.
Meanwhile, the sale of 10-year treasures sent a yield that climbed up to 4.47%. This figure approached the recent high hours before President Donald Trump announces a 90-day delay in so-called “reciprocal tariffs” on Wednesday for most of the US trading partners.
A study by the University of Michigan about buyers’ moods on Friday showed that expectations for inflation during the year are at the highest level since 1981.
The market disturbance on Friday morning came after China released a 125% tariff in the United States, although Beijing said it would not increase tariffs further. This move came in response to a 145% tariff for Chinese goods, announced by Trump earlier this week.
Traders work on the New York Stock Exchange floor in New York, April 11, 2025.
Timothy A. Clari/AFP via Getty Images
Larry Fink, CEO of the financial company Blackrock, which manages about $ 11.5 trillion assets, warned that the US economy is ready to decline.
“I think we are very close if we are not, a recession now,” Fink told CNBC.
In a social media publication on Friday, Trump signals confidence.
“We are doing very well in our tariff policy. Very exciting for America and the world !!! It is moving fast,” Trump told Truth Social.
The US markets closed Thursday with remarkable losses, cancellation of enthusiasm, unleashed by Trump’s decision on Wednesday to stop some tariffs, causing a historical rally on the market.
Several Asian stock markets slid back to Red on Friday morning, turning the profits made on Thursday against prolonged uncertainty as to whether nations would be able to provide Trump deals to avoid long-term tariffs, as China announced new tariffs on US goods.
Currency dealer responds near a screen showing the Korea Stock Pricing Index (KOSPI) in the CEB HANA Bank Currency Hall in Seoul, South Korea, on April 11, 2025.
Ahn Young-Joon/AP
The Nikkei 225 Index in Tokyo dropped by 3.8%, and the broad Topix index in Japan fell by 3.5%. In South Korea Kospi dropped nearly 1%and the Australian s& P/ASX 200 has lowered 0.95%.
In China, the markets were hesitant as investors responded to the White House, clarifying that the level of tariffs for Chinese goods was already 145% – not 125%, as was thought earlier.
Hong Kong’s Hang Seng Index rose by 2%, Shanghai’s composite index increased by 0.6%, and the Shenzen component index increased by 1.2%, with investors being sized by the announcement of Beijing as stimulating measures to strengthen US Esculing Economics.
Other prominent Asia indices in Green on Friday included the Taivan Taex index of up to 2.7%, and Nifty 50 in India by 1.9%.
The European markets seemed hesitant when they opened and got out after China announced it would increase the US goods rates from 84% to 125% from Saturday.
The Pan -European Stoxx 600 fell by 0.3%, the German DAX fell by 0.2%, the France Cac 40 dropped by 0.16%, and the FTSE 100 of the UK slides 0.03%.
On Thursday, Trump again hinted at the resumption of his extensive tariffs.
“If we can’t make the deal we want to make or have to do or it is, you know, well for both sides – it must be good for both sides – then we go back to where we were,” Trump said.
Asked if he would extend the 90-day pause, the president replied, “We will have to see what will happen at that time.”
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