SP 500 Shoots Up—We’re Back on the Rides!
Last Friday, the SP 500 closed with a delightful jump of almost 1.85%, marking a second straight week of good vibes. The boost? A mix of better market mood, ripples of easing U.S.–China trade chatter, and a big‑tech power‑play that rocked the indexes.
Trade Talk: The World’s Giants Take a Breather
- After a spell of heated rhetoric and tariff threats, both the U.S. and China are hinting at a return to the negotiation table.
- Washington is keen to keep the fire from spreading; Beijing says it’s ready for “constructive” chats.
- That handshake vibe has made investors feel less jittery and allowed risk‑seeking stocks the chance to breathe.
Still Rough Waters—The Underlying Storm
Even with the respectful tone, the core quarrel remains unresolved. The lingering standoff is already stealing corporate earnings. Take Apple—its latest numbers beat analyst expectations, yet sales in China have dipped noticeably, a clear nod to how trade uncertainties can hurt revenue.
So, while the market may keep winking a little, the real blow remains until both giants find a solid diplomatic fix. The S 500 could feel the crunch again any moment.
Nerdy Numbers: Tech Stocks Sox the Market
Highlights from the day:
- Nvidia • up 2.59%
- Tesla • up 2.38%
Risk appetite is on fire, especially in tech. Those shares finally pulled themselves out of a long correction this year.
What’s on the Horizon?
Investors are eyeing the next Q1 earnings wave, especially from the tech giants that steer the S 500’s course. Meanwhile, this week’s focus is on the ever‑important macro numbers: the April Services PMI and ISM Non‑Manufacturing PMI. These stats could tilt the S 500 for the short term and shape the Fed’s policy expectations—probably the topic of the upcoming FOMC meeting on Thursday.
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