During the week, U.S. stocks encountered some volatility, with the S&P 500 only dropping 0.24%. Initial downturns were provoked by President Trump's proposed tariffs, which were temporarily postponed for 30 days on Mexico and Canada, relieving market fears slightly. Earnings reports showed positive results, with 77% of S&P 500 companies beating estimates, contributing to an average earnings growth of 16.4%. Mixed economic data, particularly in manufacturing and the labor market, added to market dynamics. Conversely, European markets performed better, with the Bank of England lowering interest rates to tackle inflation concerns.
U.S. stocks faced a slight retreat with the S&P 500 dipping only 0.24% due to fluctuating market sentiments influenced by tariff negotiations and earnings reports.
Despite initial market instability caused by President Trump's tariff plans, positive earnings results and a delay on Mexican and Canadian tariffs helped lift investor confidence.
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