From Financial Modeling Prep: 2025-04-24 02:52:00

Stocks lost momentum as there is no guaranteed standalone offer to reduce tariffs on Chinese goods, with any potential cut needing to be negotiated over a lengthy period. A full trade deal with China may take up to three years to materialize, tempering hopes for a quick resolution.

Mixed signals from the Fed left investors uncertain, with Bessent offering no further details on Fed leadership or rate-cut expectations. Trump’s decision not to fire Powell provided a brief boost in sentiment, but uncertainty remains.

Technology and Consumer Discretionary sectors led gains but fell short of initial highs, while Financials and Industrials outperformed on expectations of sustained easing rather than sudden policy shifts.

Investors are closely watching upcoming events such as Fed minutes, China trade envoy statements, and economic releases for further insights on trade and monetary policy. Stay informed with the Economics Calendar – Economics Data API from Financial Modeling Prep for real-time scheduling and historical context on crucial market drivers.



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