Stocks and Cryptocurrencies Slightly Up as Investors Weigh Up Further Tariffs
Investing.com – Global financial markets continued to trade in a narrow range early Tuesday as investors assessed the impact of new tariff moves from the Trump administration. Meanwhile, Bitcoin and other risk assets maintained their recovery momentum.
Wall Street Struggles, Markets Await for Clarity
Major US stock indexes opened flat in morning trading on Tuesday. The Dow Jones, S&P 500 and Nasdaq all traded slightly below their reference levels after solid gains on Monday.
The tug-of-war reflects cautious investor sentiment as mixed signals on tariffs continue to create uncertainty for the market. Tariff exemptions on smartphones, computers and some consumer electronics supported technology stocks, while automakers also benefited from the possibility of a delay in tariffs on auto imports.
However, trade tensions between the US and China still loom large. Higher tariffs remain in place, while the possibility of new duties on semiconductors and pharmaceuticals keeps investors on their toes.
US Treasury yields edge up
US Treasury yields edged up as investors sought safe havens. Specifically:
The 10-year yield fell 6 basis points to 4.358%
The 2-year yield fell 4 basis points to 3.828%
This adjustment partly reflects inflation expectations and monetary policy, but also shows caution in the face of geopolitical and trade fluctuations.
Mixed earnings results from large corporations
In addition to the tariff developments, the latest quarterly financial reports from large enterprises also attracted attention:
Bank of America (BAC) and Citigroup (C) rose 4% and 3%, respectively, after reporting earnings that beat expectations.
In contrast, Johnson & Johnson (JNJ) fell slightly by 0.54%, despite not being too negative in results.
These figures show that investor sentiment is still being adjusted step by step according to the actual performance of businesses, rather than just reacting to expectations.
Bitcoin Holds Up Amid Volatility
In the cryptocurrency market, Bitcoin (BTC) continued to rise slightly on Tuesday, consolidating its gains of around 1% over the past 24 hours. BTC is currently hovering around $85,000, maintaining its recovery momentum since early April despite correction pressure from risk assets.
Bitcoin has gained around 7% over the past week, indicating that buying power is gradually returning as investors look for opportunities in digital assets.
Conclusion
While the stock and cryptocurrency markets are showing positive signs in the short term, the bigger picture is still dominated by uncertain variables related to tax policies, digital asset regulations, and corporate financial results. Investors are advised to remain cautious and closely monitor further moves from governments and major financial institutions.
