US stocks ended almost a week in high notes after a calm opening on Friday, as trade war pessimism replaced the S&P 500’s fourth-day profit. Meanwhile, Tesla (Tesla (Tesla (TSLA) Spiked 9.8% as CEO Elon Musk spread the word to reduce the time it promotes mass firing via Doge.
The S&P 500 rose 0.7% that day, bringing it up about 4.6% over the week. The Dow Jones industrial average increased the day by 20 points (0.5%), up 2.5% that week. Additionally, Nasdaq scored 1.3% on Friday and 6.7% that week. Thursday’s high-tech fuel rally.
VIX sinks to 24.97 on Friday, with gold falling 0.9% – slightly cooling from The recent historical surge.
The American-China trade narrative has taken a strange turn as President Donald Trump repeated that the speech was ongoing, despite Beijing saying it was not. Chinese officials have completely denied that negotiations are taking place, and Foreign Ministry spokesman Guo Jiakun has urged the US to “not mislead the people.”
Whiplash promotes fresh skepticism about whether real progress is being made or whether it is another set of vague hints to stabilize the market.
Amidst the chaos over trade negotiations, Trump Time Magazine Interview It was made public on Friday morning about the scenario where tariffs will be as high as 50% in the coming years and whether he will consider the victory.
“A complete victory,” Trump said.
University of Michigan Latest look Consumer sentiment measures how people see their finances and the US economy – declined in April, extending the decline.
“Consumer sentiment has declined for the fourth straight month, plummeting 8% since March,” he said. Joanne HsuDirector of Consumer Research at the Institute of Social Research. The index was 52.2 in April, rising from the first read of 50.8 at the beginning of the month, but down from 57.0 in March.
HSU said consumer outlook has taken 32% since January. Furthermore, consumers’ annual inflation expectations rose to 6.5% in April, up from 5.0% in March. HSU called it “the best reading since 1981.”
Google (googl) After the bell on Thursday, it was shocked: revenues rose 12% to $900.2 billion, net profits increased 46% to $34.5 billion, and the company added a 5% dividend and another $70 billion buyback. The results crushed expectations and provided exactly what Wall Street wanted to see – great growth without cost.
