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S&P 500 Heads To Longest Green Stretch Since 2004 As Stocks Claw Back From ‘Liberation Day’ Crash

  • The S&P 500 is nearing its longest winning streak since 2004 after gaining 1.3% to 5,670 following a series of positive sessions ending Friday.
  • This rally follows a sharp 12% market drop after President Trump's April 2 tariff announcement, followed by tariff pauses and trade talk optimism between the U.S. And China.
  • April's jobs report showed stronger-than-expected growth with 177,000 added jobs and a steady 4.2% unemployment rate, supporting investor confidence amid tariff easing.
  • About 90% of S&P companies rose during the winning streak, although Apple shares fell 4%, citing weak China sales and a $900 million tariff-related profit impact.
  • The sustained gains suggest the market is recovering from tariff disruptions, and economists say the economy might avoid a severe recession if labor holds and tariffs ease further.
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Forbes broke the news in United States on Friday, May 2, 2025.
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