U.S. equity markets saw sustained upward momentum, marked by the S&P 500's second consecutive weekly gain and nine days of positive performance. The Nasdaq Composite surged by over 3%, driven by strong earnings from major tech companies amid increasing investor confidence in small and mid-cap stocks. Optimism was further fueled by easing trade tensions, as the White House announced tariff rollbacks. Despite mixed economic data indicating a slowdown in labor demand, strong job growth and stable inflation suggested resilience in consumer spending and domestic demand.
U.S. equity markets extended their upward momentum, with the S&P 500 Index posting its second consecutive weekly gain and closing out its ninth straight day in positive territory.
The White House announced a rollback on certain tariffs related to autos and parts, while Commerce Secretary Howard Lutnick hinted that a significant trade deal was approaching finalization.
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