The stock market was recovered as it was before President Donald Trump revealed a set of definitions on April 2, which led to a historic sale. S&P 500 1.5 % on Friday gained the week to close at 5687, just more than it was before Trump announced the tariff plans “Tahrir Day”. Heavy technology Nasdak 1.5 % jump, and Dao Jones rose 1.4 %. The gains are the ninth day in a row in which the S&P 500 rose and crowned a positive week for the three main stock indicators.
The rise of the market comes as a work statistics office I mentioned Friday that the United States added 177,000 jobs in April. This is a decrease from 185,000 jobs obtained in March, but it exceeds the 135,000 economists. reconnaissance By FactSet. However, April action numbers, most likely, do not reflect the effect of Trump’s tariff, some of which did not enter into force in full force.
Trump has already set a 145 % tax on imports from China. On Friday, investors witnessed a relief segment when the People’s Republic He said It was open to negotiations with the Trump administration. The two governments issued conflicting data on whether they were in contact after Trump began the battle of government tariffs, but China’s willingness to negotiate may indicate progress in a commercial deal.
The broader view of global markets is still unconfirmed. Economic Analysis Office I mentioned Thursday a decrease of 0.3 % in US GDP, the first time that the US economy has contracted since the first quarter of 2022.
“We still believe that the gradual rise in the unemployment rate is in the cards,” wrote Samuel Thompses and Oliver Allen, the American economists in the partial economy Pantheon, in a note published on Friday.
Large technology companies warn of possible damage to Trump’s trade war. Financial Director roadblockWhich owns the popular Apps Cash apps, Square, to caution From “the clear shift in consumer behavior” during the profit call in which the quarterly profitable expectations were lost and the stock reservoir witnessed 20 %.
apple He also warned of the expected financial costs due to the definitions. On Thursday’s profit call, Apple Tim Cook CEO said that the new tax on imported supplies will cost an additional $ 900 million in the second quarter.
“We will manage the company as we already have – with deliberately studied decisions,” Cook announced.
This story was originally shown on Fortune.com
https://fortune.com/img-assets/wp-content/uploads/2025/05/GettyImages-2208184612-e1746213234460.jpg?resize=1200,600
Source link