From Yahoo Finance: 2025-04-22 20:42:00

Major stock indexes rose, the dollar strengthened, and gold fell as the Trump administration hinted at easing the trade war with China. Earnings news, including Boeing reporting a smaller-than-expected loss, also boosted markets. The Dow rose 1.07%, the S&P 500 gained 1.67%, and the Nasdaq surged 2.50%.

Tesla’s stock jumped despite missing analyst forecasts. CEO Elon Musk announced reduced involvement in government work to focus on his companies. Tech and consumer discretionary sectors led gains, while consumer staples and energy lagged. Global stocks rose, with the STOXX 600 up 1.78%.

Gold prices dropped after hitting record highs, while the dollar strengthened against the yen, Swiss franc, and euro. Benchmark 10-year Treasury yields dipped, but economic data, including strong home sales in March, tempered the bond rally. Oil prices declined, with U.S. crude settling at $62.27 a barrel.

Read more: Stocks, dollar climb, gold sinks as US says China tariffs not sustainable