On Monday, April 14, U.S. stocks closed higher as tech shares led gains following unexpected tariff exemptions. The S&P 500 and the Dow Jones Industrial Average each advanced 0.8% and the Nasdaq composite went up 0.6%.

Europe’s Stoxx 600 gained 2.7% after three consecutive weeks of decline. In fixed income, U.S. 10-year Treasury yields dropped 11.3 basis points to 4.38%, snapping a five-day slide.

U.S. stocks posted modest losses on Tuesday as traders digested first quarter earnings results and continued to weigh tariff uncertainty. The S&P 500 slipped 0.2%, while the Dow lost 0.4%. The Nasdaq finished flat, and small caps edged higher. The Russell 2000 up 0.1%.

The yield on the 10-year Treasury fell 4.3 basis points to 4.34%.

Internationally, the Chinese yuan hit a decade-low against the euro, having dropped 8% year-to-date.

On Wednesday, U.S. stocks sank as markets reacted to Federal Reserve Chair Jerome Powell’s warnings that escalating trade tensions could undermine both economic growth and price stability. The S&P 500 fell 2.2%, the Dow slid 1.7% and the Nasdaq tumbled 3.1%.

Small caps also declined, with the Russell 2000 Index down 1.0%. The 10-year Treasury yield dropped six basis points to 4.28% and the dollar hit its lowest level since March 2022.

On Thursday, U.S. stocks closed with mixed results ahead of the Good Friday holiday, as investors weighed early first quarter earnings in a challenging economic environment. The S&P 500 edged up 0.1%, the Dow fell 1.3% and the Nasdaq slipped 0.1%.

The yield on the 10-year Treasury rose 5.2 basis points to 4.33%. Despite the mixed session, all three major U.S. indexes posted their third weekly loss in four.

Globally, the Morgan Stanley Capital International Emerging Markets Index rose 2.2% for its best week since March, with Emerging Markets Foreign Exchange benchmarks also posting strong gains.

U.S., European and U.K. markets were closed on Friday for Good Friday, and remained shut in Europe, the U.K., Hong Kong and Australia for Easter Monday.

The week marked heightened market volatility among shifting trade policies and early earnings reports.

Looking ahead, investors should continue to monitor economic data and policy developments for clearer signals on market direction in the coming weeks.