US stocks recorded a weekly rise after four weeks of losses, influenced by inflation concerns and comments from President Trump regarding tariffs. The S&P 500, Nasdaq, and Dow Jones showed gains, ending their respective losing streaks and indicating a recovery in the market.
In the latest financial report, US stocks have experienced a weekly rise after enduring four consecutive weeks of declines, largely due to inflation uncertainties affecting the economy. Notably, inflation rates continue to exceed the US Federal Reserve’s target of 2%, which compelled the Fed to maintain the current key interest rates during their last meeting.
On Friday, the Standard & Poor’s 500 and Dow Jones indices ended the trading session nearly unchanged from their previous lows. Optimism was infused into the market following remarks from US President Donald Trump, who indicated that upcoming tariffs might not be as severe as initially feared.
President Trump mentioned that there would be room for flexibility regarding the tariffs and emphasized his strategy of employing tariffs to diminish the US trade deficit with China. As a result of these developments, the S&P 500 rose by 4.38 points (0.08%), closing at 5,667.27. This marked a 0.5% increase for the week, effectively breaking a four-week downward trend.
In addition, the Nasdaq Composite Index increased by 92.43 points (0.52%), reaching 17,784.05, and showing a weekly gain of 0.15%. The Dow Jones Industrial Average also showed positive movement, climbing 35.98 points (0.09%) to finish at 41,989.30, resulting in a weekly increase of 1.2%.
In summary, after a challenging month, US stocks rebounded with a notable weekly rise driven by positive presidential comments regarding tariffs and unchanged interest rates from the Federal Reserve. With inflation concerns still present, the market remains cautiously optimistic as indices such as the S&P 500, Nasdaq, and Dow Jones report gains following a prolonged decline.
Original Source: ina.iq
