Market Brief 3 April, 2025

Good evening, investor/trader! The markets are experiencing a volatile day, with the S&P 500 Index (GSPC) down by -4.91% to 5,386.45 and the Nasdaq 100 Index (NDX) down by -5.48% to 18,498.05. President Trump's sweeping tariffs on imports from virtually every US trading partner have sent shockwaves across global markets, with major stock indexes plummeting and the US dollar weakening. The news has also impacted the cryptocurrency market, with Bitcoin dropping below $82,000 and other altcoins experiencing significant losses. The US House Committee has approved a bill aimed at stopping Trump's tariffs on Canada, while the European Union is preparing countermeasures against the US tariffs if negotiations fail.