U.S. financial markets experienced significant volatility this week, driven by President Donald Trump's trade war policies. Stocks on Wall Street saw dramatic swings, with the Dow Jones Industrial Average gaining 619 points on Friday, a 1.6% increase, while the S&P 500 rose 1.8% and the Nasdaq composite increased by 2.1%. Despite these gains, the week was marked by intense fluctuations, with the S&P 500 achieving its best weekly performance since November 2023, up 5.7%. The bond market also faced turmoil, with the yield on the 10-year U.S. Treasury note surging to 4.58% before settling at 4.48% by the week's end. This sharp increase in yields, the largest weekly jump since 2001, reflects growing concerns about the stability of U.S. government bonds, traditionally seen as a safe haven. The sell-off in bonds was attributed to fears of a looming recession and doubts about the U.S. economy's resilience amidst the trade war. The 10-year yield rose by 50 basis points and the 30-year yield by 46 basis points. The U.S. dollar weakened significantly, dropping 2% over the week, which further fueled market uncertainty. This decline was linked to Trump's erratic tariff maneuvers, raising questions about the dollar's status as a global safe haven. Investors, reacting to these developments, shifted towards other safe-haven assets like gold, which reached a new high of $3,222.20 per ounce, up 7% for the week. Amidst these market movements, the trade war with China escalated, with both countries imposing tariffs exceeding 100% on each other's goods. China responded to Trump's tariffs by increasing duties on U.S. products to 125%. This tit-for-tat escalation has heightened fears of a global economic downturn, despite a 90-day pause on some U.S. tariffs announced earlier in the week. Consumer sentiment dropped to 50.8, and inflation remained at 2.4%. Bitcoin hovered just above $83,000.