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.
15 Articles
15 Articles
Trump's “Liberation Day” Headache
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Market rebounds are not recovery
The US equity market’s rally since April 2, dubbed “Liberation Day,” has given investors a temporary breather, but Dr Komal Sri-Kumar is not convinced the worst is over. The president of Sri-Kumar Global Strategies points out that the upbeat sentiment following a thaw in US-China rhetoric, positive jobs data, and strong tech earnings may be premature. The real storm, he argues, has merely paused—not passed. At the heart of his caution is the fra…
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