From Nasdaq Corporation

April 23, 2025 6:13 pm:

Stock indexes rallied for the second session, with the S&P 500 and Nasdaq 100 hitting highs. Optimism about US-China trade talks boosted stocks, while positive economic reports on new home sales and manufacturing PMI supported the market. Bitcoin surged to a 7-week high amid global trade turmoil.
The US Apr S&P manufacturing PMI unexpectedly rose to 50.7, and Mar new home sales jumped to a 6-month high of 724,000. Comments from Fed Governor Kugler on tariffs and interest rates weighed on stocks. Market focus is on Q1 earnings and US trade policies. Overseas markets settled mixed.
Interest rates rose as US economic reports surpassed expectations, with T-notes yielding 4.381%. Treasury prices fell on stronger data and increased inflation expectations. European government bond yields also rose. Eurozone manufacturing PMI increased, but ECB members expressed concerns about the economy.
Stock movers included Tesla, Meta Platforms, and Amazon.com, which closed up more than 4%. Chip stocks soared on easing US-China trade tensions. Cryptocurrency-linked stocks rose with Bitcoin. Notable gainers were Amphenol Corp and Boeing. Losers included Lennox International and Baker Hughes.

Read more at Nasdaq: Stocks Settle Higher as Trump Eases Rhetoric on Tariffs and Fed Independence