- Stock markets increased for the fourth consecutive day While technological companies have seen gains and investors interpreted the comments of Friday Donald Trump on tariff negotiations.
The stock markets increased slightly on Friday on the back of gains in technological actions such as Alphabet and Nvidia as well as contradictory messages from President Donald Trump on prices. The S&P 500 increased by 0.75%, the Dow Jones was flat and the Nasdaq, heavy in technology, jumped 1.25%. The ascent highlights a positive week for the markets. The S&P 500 is up 5.6% compared to Monday morning.
On Thursday, Alphabet, the mother company of the Google research giant, beat analysts’ forecasts for its first quarter and increased from one year to the other in the first quarter of 12% to 90.2 billion dollars. From the closing of the market Thursday to Friday afternoon, its stock increased by 1.5%. The NVIDIA Chipmaker IA experienced an even greater 4.3% more after a framework said Thursday that the technology giant did not see a decline in demand for its tokens.
Meanwhile, in a large interview with Time Trump on Friday promised a potential relief of investors when he said that he had concluded “200 transactions” on the prices. He refused to say which countries and promised that initial negotiations would end in three to four weeks.
Conversely, in what could be a lower signal for the global markets, he said that he would consider this as a “total victory” if the prices on foreign imports were between 20% and 50% in one year.
The small Friday increase on the stock market follows three days of positive jumps while the markets seek to resume their losses after the “liberation day” of Trump. On April 2, the president unveiled a 10% basic tax on exports from all countries and targeted China by a tariff crescendo, which led to a 145% tax on Chinese exports. Trump’s pricing plan prompted the markets to tanker in the midst of investor fears of a total trade war.
Xi Jinping, the president of China, retaliated against the United States with reciprocal prices, and Trump has since broadcast That taxes against China “will drop considerably”. In his interview with Time, Trump said he was in contact with XI. Chinese officials, however, have repeatedly denied that they were in negotiation with the Trump administration, although they recently had exempt Some import us from their own reprisals.
The markets also closely followed Trump’s comments on the Federal Reserve, the American Central Bank. The president repeatedly criticized Jerome Powell, president of the Fed, for not having reduced interest rates fairly quickly. Trump reviews have reached a boiling point when it suggested Last week, he had planned to dismiss Powell, undercoating the longtime independence of the Fed compared to the executive branch. The 47th president has since backed off his rhetoric and said that he had “no intention” to dismiss the Fed chair.
This story was initially presented on Fortune.com
