US stocks surged on easing trade tensions and positive earnings reports, led by tech stocks

From Nasdaq: 2025-04-25 09:20:00

U.S. stocks surged on Thursday, with all major indexes closing higher. The Dow gained 1.2%, surpassing 40,000 points. The S&P 500 rose 2%, exiting correction territory, while the Nasdaq climbed 2.7%. Tech stocks led the rally, with NVIDIA, Amazon, and Meta Platforms posting gains.

Easing trade tensions between the U.S. and China fueled investor optimism. President Trump hinted at lower tariffs, boosting market sentiment. Treasury Secretary Bessent also mentioned a potential trade deal. However, China refuted any ongoing trade talks with the U.S.

In addition to trade news, quarterly earnings reports influenced market performance. Procter & Gamble’s shares dipped after meeting earnings estimates, while American Airlines saw gains after beating expectations. Economic data showed jobless claims rising, existing home sales declining, and durable goods orders spiking 9.2%.

Investors also focused on corporate earnings, with Procter & Gamble and American Airlines reporting results. Economic data revealed jobless claims rising and durable goods orders surging. Tech stocks rallied on easing trade tensions, with the Nasdaq jumping 2.7%. The S&P 500 exited correction territory with a 2% gain.



Read more at Nasdaq: Stock Market News for Apr 25, 2025