On April 9, 2025, the US stock markets exhibited a mixed but slightly positive performance, with the Nasdaq leading the way with a 1.25% increase. However, global markets experienced a sharp decline due to escalating US-China trade tensions. The US bond market also faced turmoil, leading to the 30-year Treasury yield crossing the 5% mark. Simultaneously, the dollar depreciated, prompting investors to turn to safer assets like gold. This shift in market dynamics reflects the growing uncertainty surrounding international trade relations and its impact on financial markets.