U.S. stocks rebounded last week after four weeks of decline, driven by President Trump’s reassurance on tariffs and consistent inflation concerns. The S&P 500, Nasdaq, and Dow Jones indices all recorded gains, with the S&P 500 up 0.5% and the Dow Jones achieving a 1.2% weekly increase.
U.S. stocks have experienced a notable rise this past week, breaking a four-week decline amid uncertainties regarding the economy. Persistent inflation remains above the U.S. Federal Reserve’s target of 2%, leading the Fed to maintain its key interest rates unchanged. On Friday, both the Standard & Poor’s and Dow Jones indices closed nearly flat but improved from previous lows following optimistic remarks from U.S. President Donald Trump regarding upcoming tariffs.
President Trump’s comments indicated some flexibility on tariffs, aiming to alleviate concerns over their impact. He emphasized using tariffs strategically to address the U.S. trade deficit with China. Specifically, the S&P 500 saw a modest increase of 4.38 points, or 0.08%, finishing at 5,667.27, while collectively gaining 0.5% for the week, thus ending the losing streak. The Nasdaq Composite Index rose by 92.43 points, or 0.52%, closing at 17,784.05, with a marginal weekly gain of 0.15%. Furthermore, the Dow Jones Industrial Average exhibited a rise of 35.98 points, or 0.09%, concluding at 41,989.30, resulting in a weekly increase of 1.2%.
The past week saw a recovery in U.S. stocks, following a streak of declines attributed to economic uncertainties and inflation concerns. President Trump’s assurances regarding tariffs offered a more optimistic outlook, contributing to the lifting of several major indices from their previous lows. The performance of the stock market highlights the ongoing volatility and responsiveness to political and economic factors.
Original Source: ina.iq
