Washington headlines drive volatility, @SecScottBessent comments on global trade, and results continue to emerge from Q1 earnings season. @MReinking details these developments and more on this week’s Market Storylines.
🎧: https://t.co/2OMLHcJnEn pic.twitter.com/gzosdhhgPs
— NYSE 🏛 (@NYSE) April 25, 2025
The US stock market ended a tumultuous week on a positive note Friday, with the Dow Jones Industrial Average gaining 619 points, or 1.6%. This came after a sharp plunge of 1,014.79 points the previous day. For the week, the blue-chip Dow climbed 5%, its biggest percentage gain since November 2023.
The S&P 500 and Nasdaq also saw significant gains, jumping 1.8% and 2.1%, respectively, on Friday. The Nasdaq surged 7.3% for the week, its biggest gain since November 2022. The market volatility was driven by the ongoing US-China trade dispute.
Stocks set for weekly gains as the U.S. seeks better trade terms with China and India. @KristenScholer has more in the Market Update. pic.twitter.com/zXKI5XoUSV
— NYSE 🏛 (@NYSE) April 25, 2025
#MarketAlert | US: Markets end with gains on Friday, ended higher for the week too
These are all the highlights👇 #US #Nasdaq #DowJones #Alphabet #Nividia #Intel #Merck pic.twitter.com/ZJIiJ1HCHq
— ET NOW (@ETNOWlive) April 26, 2025
Dow climbs amid tariff tensions
Earlier in the week, President Trump announced a 125% tariff on Chinese goods, blaming the nation for what he called a “lack of respect.” This escalation came on top of earlier levies, cumulatively raising the tariffs on Chinese goods to 145%. China retaliated with tariffs on US goods, marking its third retaliatory effort against the US.
Global Markets | Here's a look at how the global equities performed overnight📈 #Nasdaq #DowJones #FTSE #CAC #DAX pic.twitter.com/Lj3XvEGzv7
— ET NOW (@ETNOWlive) April 26, 2025
During a press conference on Friday, a spokesperson for China’s Ministry of Commerce described the Trump administration’s approach to tariffs as a “numbers game which has no practical significance on economics” and called it a “joke.”
However, there was a glimmer of hope for investors. China hinted it might not raise rates again in the near future. The country’s finance ministry stated, “If the US continues to impose tariffs on Chinese goods exported to the US, China will ignore it.”
Stock indexes initially plunged Friday morning after China’s retaliatory move.
However, they recovered their losses by the afternoon, following White House statements expressing optimism about a potential deal with China. This volatile trading week highlighted the ongoing uncertainty and high stakes attached to US-China trade negotiations, which continue to influence global financial markets.
