Market rebounds strongly with Dow up 1,000 points, S&P 500 and Nasdaq higher despite gold record

From Yahoo Finance: 2025-04-22 12:16:00

U.S. stocks rebounded after a tough start to the week, with the Dow rising 1,035 points, the S&P 500 up 2.7%, and the Nasdaq jumping 3%. The VIX fear gauge dropped, and gold climbed to $3,439. The IMF downgraded global economic growth forecast to 2.8% for 2025, citing tariffs and trade tensions.

Gold hit over $3,500 for the first time, driven by investor concerns over political and market chaos and potential inflation from tariffs. Investors poured $8 billion into gold funds last week. The U.S. dollar fell to a three-year low amid Trump’s pressure on the Federal Reserve.

Tesla reports Q1 earnings, with Wall Street expecting a miss. Wells Fargo slashed its 2025 outlook by 16%, citing weak deliveries and fading Cybertruck enthusiasm. Tesla stock rose 6% after a slump, down 36% this year. Google’s parent Alphabet saw shares rise 3% after DOJ antitrust actions.

Earnings from Intuitive Surgical, Danaher, Novartis, SAP, Verizon, and Chubb provide sector insights. Lockheed Martin, Northrop Grumman, and RTX report earnings, offering a snapshot of the military-industrial complex. Health insurance stocks fell after UnitedHealth cut its 2025 forecast due to high medical costs.

Energy stocks dropped on falling oil prices and trade war concerns. Stay updated on Facebook, Twitter, and Instagram for the latest news.



Read more at Yahoo Finance: The Dow soars 1,000 points and the S&P 500 and Nasdaq rebound even as gold hits a record