The performance of US stock markets on April 9, 2025, was mixed but slightly positive, with the Nasdaq leading the way with a 1.25% increase. However, global markets experienced a sharp decline due to escalating trade tensions between the US and China. The US bond market also faced turmoil, leading to the 30-year Treasury yield exceeding 5%. As a result, investors turned to safer assets, causing the dollar to weaken and gold prices to rise. This shift in market dynamics reflects the uncertainty and volatility surrounding international trade relations.