- Augury ⍺ 🟢
- Posts
- S&P 500 Falls 3.5% as Tariff Confusion Hits Markets
S&P 500 Falls 3.5% as Tariff Confusion Hits Markets
5 articles I'm watching carefully
Tyler Dupont
April 11, 2025
In partnership with
Tyler Dupont  Good morning 👋 Here's the latest news I'm tracking today. |
📈 Stocks / Finance
S&P 500 Falls 3.5% as Tariff Confusion Hits Markets
Markets reversed gains with the S&P 500 down 3.5% after the U.S. confirmed a 145% tariff on Chinese imports. Tech led losses, while March CPI rose 2.4%, easing Fed pressure. UBS estimates the new effective tariff rate at 27%, up from 9% pre-April 2.
Nvidia Cleared to Sell H20 Chips to China
The Trump administration dropped plans to restrict Nvidia's H20 AI chip sales to China, easing a key risk. Chinese firms have placed $16B in 2025 H20 orders. Nvidia stock fell 5.9% Thursday after rising 18.7% Wednesday on Trump's 90-day tariff pause.
Big Banks Brace for Tariff Turbulence Ahead of Q1 Earnings
JPMorgan, Wells Fargo, BlackRock, and BNY Mellon report Friday amid recession fears and tariff risks. Morgan Stanley downgraded bank outlooks, citing weakening investment banking. Analysts expect mixed earnings, with JPM up 4.3% and BNY Mellon up 20%.
🪙 Crypto
XRP signals breakdown after neckline breach
XRP has broken below a key neckline ($1.97–$2.13), confirming a bearish head and shoulders pattern. If the current swing low fails, technicals point to a rapid drop toward $0.61 due to minimal support below. Traders eye pattern activation before shorting.
🌎 Global Economy
Gordon Brown warns of tariff-driven global recession
Gordon Brown cautions that Trump’s tariff policies risk triggering a global recession via supply shocks, collapsing confidence, and trade decoupling. He calls for coordinated macroeconomic policy, $1.1T in IMF/World Bank support, and EU-led fiscal stimulus.
Your job called—it wants better business news
Welcome to Morning Brew—the world’s most engaging business newsletter. Seriously, we mean it.
Morning Brew’s daily email keeps professionals informed on the business news that matters, but with a twist—think jokes, pop culture, quick writeups, and anything that makes traditionally dull news actually enjoyable.
It’s 100% free—so why not give it a shot? And if you decide you’d rather stick with dry, long-winded business news, you can always unsubscribe.