From Nasdaq: 2025-04-23 09:40:00

U.S. stocks surged on Tuesday as trade tensions with China eased and President Trump stated he has no plans to fire Fed Chair Jerome Powell. The Dow rose 2.7%, the S&P 500 gained 2.5%, and the Nasdaq climbed 2.7%. Tech, consumer discretionary, and financial sectors led the rally.

Treasury Secretary mentioned prospects of de-escalation in the trade war with China, fueling the market rally. Trump’s assurance of Powell’s position further boosted investor confidence. Tech stocks like Amazon and Microsoft led the gains. The first-quarter earnings season kicked off with strong results from companies like 3M and Kimberly-Clark.

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Read more at Nasdaq: Stock Market News for Apr 23, 2025