CNBC Business News Update - Market Midday: Stocks Higher On Last Day Of Volatile Week, Senate Democrats Ask SEC To Probe Trump, Wholesale Prices Fall In March 4-11-25

Episode Date: April 11, 2025

From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored by CNBC's Jill Schneider.

I'm Jill Schneider, CNBC. Stocks are higher on this last day of what has been an extremely volatile week. The Dow is up 200 points, about half a percent. The S&P up 34, the NASDAQ up 128. TD Cowan President Jeffrey Solomon weighed in on the tariff uncertainty

that's rocked the markets all week. If we start to get some deals done here and I hope we do, I hope that the administration is busy at work trying to do deals when the first ones come out, it gives people a read through on what the global reset on trade is. I do think a 10% global tariff is probably the new zero.

That's our standard operating case here. A group of Senate Democrats is asking the Securities and Exchange Commission to investigate President Trump and others for potential violations of securities law related to the president's announcement this week of a pause in reciprocal tariffs on imports from many countries. The group is asking whether any of that amounted to insider trading when President Trump announced it was a quote, great time to buy into the stock market. Wholesale prices unexpectedly fell in March. The producer price index declined a seasonally adjusted 0.4% after rising a tenth of a percent

in February. Gold producer Newmont Corporation is the biggest gainer in the S&P 500. The stock jumped nearly 9% on the heels of a UBS upgrade to buy from neutral. The biggest gains for the Dow, JP Morgan, Apple and Visa. Biggest drags on the Dow, Home Depot, Nike and CNBC. Get tomorrow's big to your inbox tonight whe to stocks at night. A fre