Stocks rise fueled by tech shares and dollar strengthens; market sentiment positive.

From Yahoo Finance: 2025-04-24 22:24:00

Most stock indexes climbed on Friday, fueled by technology shares, while the dollar saw its first weekly rise in over a month amidst hopes of easing U.S.-China trade tensions. Google parent Alphabet beat profit expectations, with the S&P 500 technology, consumer discretionary, and communication services sectors gaining over 1% each.

Investors closely monitored corporate calls during earnings season for any projections changes amid uncertainty over President Trump’s tariff offensive. Trump stated tariff negotiations with China were ongoing, but Beijing denied any talks, leading to conflicting signals on trade war de-escalation.

Despite initial fears, tit-for-tat tariffs between the U.S. and China have not yet reached the worst-case scenario as negotiations continue. Stock indexes rebounded, but remain below previous highs. The week ahead will see corporate results from companies like Apple and Microsoft.

Global stocks rose, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite registering gains. The Nikkei in Japan recovered all losses since Trump’s tariff announcement. The dollar slightly strengthened against the euro and yen, with gold prices falling and U.S. Treasury yields declining.

Market concerns persist over Trump’s policy unpredictability possibly driving foreign investors away from U.S. Treasuries. Oil prices saw a slight increase but posted weekly declines. Brent crude settled at $66.87 a barrel, with U.S. West Texas Intermediate at $63.02, marking a weekly decline.

Read more: Stocks rise with tech-related shares, notch weekly gains; dollar up