S&P 500 Rises for Fourth Consecutive Day, Achieves 4% Weekly Gain

The S&P 500 rose on Friday, with major tech names like Alphabet, Tesla, Nvidia, and Meta Platforms leading the gains. The Nasdaq Composite also saw an increase, while the Dow Jones Industrial Average lagged behind. This positive performance added to gains for the week, with the S&P 500, Nasdaq, and Dow all closing higher. Stocks have been volatile recently due to uncertainty surrounding global trade, particularly in relation to President Donald Trump’s tariffs on China. Mixed messaging on trade relations has contributed to this volatility. Trump recently mentioned that he would consider high tariffs as a “total victory,” but also hinted at potential deals in the near future. Despite the confusion, market expert Jay Hatfield believes that the worst of the tariff-induced uncertainty is over and is optimistic about the market moving forward. He anticipates that next week’s market performance will be driven by earnings reports from big tech companies like Microsoft and Amazon. Overall, despite ongoing trade challenges and market fluctuations, there is a sense of cautious optimism among investors.