Its investors Wall Street For the third consecutive meeting defied global uncertainty with “fuel” the rally of powerful technology shares.
Wall Street continues to evaluate international developments, while signs of appeasement on the world trade front have once again sent US shares higher.
THE Dow Jones won 1.23%, o S&P 500 added 1.96%while the technological Nasdaq climbed 2.74%.
The shares of Nvidia, Meta, Amazon, Tesla and Microsoft have made strong profits.
Technology had recently been shaken, as the White House’s increasingly conflicting commercial stance, especially against China, burdened the climate for the industry.
China said at night that no trade talks were held with the US, with a spokesman for the Ministry of Commerce adding that “all what is said” about the progress of bilateral talks should be rejected. He also requested the cancellation of “unilateral” duties.
These comments were made following President Donald Trump’s statement that he was willing to adopt a less conflicting approach to trade talks with Beijing. In addition, Finance Minister Scott Bessed said on Wednesday (24.04.2025) that the US has the “opportunity for a big deal” in trade. Chinese imports are subject to a 145%US duty.
The S&P 500 has fallen by 4% from April 2, on the day Trump announced his new tariff policy on US imports. Since then, Dow has fallen 5.7%, while Nasdaq has lost 3.6%.
Meanwhile, investors bet that Fed President Jerome Powell will be pressured to relax his policy if the labor market collapses, sending the yields of government bonds and the dollar to slip.
Fed Commander Christopher Waller said he would support interest rate cuts if the offensive duties are hurting the labor market. Cleveland Fed President Beth Hamak told CNBC that the Central Bank could make interest rates already in June if it has clear evidence of the economy.