U.S. stocks saw a weekly rise after four weeks of declines, driven by President Trump’s comments on tariffs. The S&P 500, Nasdaq, and Dow Jones all reported increases, indicating a potential recovery amid economic uncertainty and inflation concerns.
U.S. stocks experienced a weekly increase after four consecutive weeks of decline, amidst prevailing uncertainty regarding the American economy. Inflation rates remain elevated, prompting the Federal Reserve to maintain the key interest rates unchanged during the latest meeting on Wednesday.
On Friday, both the Standard & Poor’s and Dow Jones indices essentially stabilized, moving away from their previous lows. Comments from President Donald Trump sparked optimism regarding the impending tariffs, suggesting they may not be as burdensome as initially anticipated.
President Trump highlighted that there would be flexibility on tariffs, emphasizing his commitment to utilizing them as a strategy to mitigate the U.S. trade deficit with China. The S&P 500 saw an uptick of 4.38 points, or 0.08%, closing at 5,667.27, which represents a weekly increase of 0.5%, breaking its four-week losing trend. Meanwhile, the Nasdaq Composite Index rose by 92.43 points, or 0.52%, settling at 17,784.05, also marking a slight recovery.
The Dow Jones Industrial Average increased by 35.98 points, or 0.09%, culminating at 41,989.30, which reflects a notable weekly gain of 1.2%.
In summary, U.S. stocks rebounded after a challenging month of falling values, fueled by Pro President Trump’s reassurances regarding tariffs and their administration. The performance of major indices, including the S&P 500, Nasdaq, and Dow Jones, indicates a positive shift and a potential stabilization of the market, despite ongoing economic concerns.
Original Source: ina.iq
