US EditionS&P 500 on track for longest winning streak in 20 years as Trump and China show some willingness to bend on trade
- Stock markets worldwide advanced on Friday, with the S&P 500 climbing 1.0 percent amid positive sentiment driven by strong US employment figures and hopes for progress in US-China tariff discussions.
- This rally came after positive indications, including China’s commerce ministry considering a U.S. Proposal for tariff discussions and Trump expressing optimism about the likelihood of reaching an agreement.
- The US economy showed resilience by adding 177,000 jobs last month and slowing hiring less than expected despite an unexpected contraction in the first quarter due to tariff-related import surges.
- After markets closed on Thursday, Apple and Amazon revealed outlooks that fell short of expectations, leading to declines in their shares of approximately five percent and one percent, respectively, while stock markets in Europe and Asia experienced notable gains.
- The easing in trade tensions and steady labor market data boosted investor confidence, but the looming July deadline for tariff agreements and tariffs' disruptive effects continue to pose risks to global markets.
98 Articles
98 Articles
S&P 500 posts longest winning streak in 20 years as Trump and China show willingness to compromise on trade
By John Towfighi, CNN US stocks rose Friday and the S&P 500 notched its longest winning streak since 2004 as China signaled openness to trade talks and investors digested a better-than-expected jobs report. The Dow closed up 564 points, or 1.39%. The broader S&P 500 rose 1.47%, and the tech-heavy Nasdaq Composite gained 1.51%. The Dow and S&P 500 notched their ninth straight daily gain. The S&P 500 posted its first nine-day winning streak since …
Wall Street extends its gains to a 9th straight day, reclaiming losses since tariff escalation
Wall Street extended its gains to a ninth straight day, marking its longest winning streak since 2004 and reclaiming the ground it lost since President Donald Trump escalated his trade war in early April.
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