Big Tech stocks lead Wall Street to positive close after roller-coaster week

From Yahoo Finance: 2025-04-25 00:04:00

Wall Street closed a roller-coaster week on a positive note, with Big Tech stocks leading the way. The S&P 500 rose 0.7% after a three-day rally, while the Nasdaq composite jumped 1.3%. Alphabet and Nvidia were key drivers behind the gains, offsetting losses from companies like Intel and Eastman Chemical.

Amidst ongoing trade war uncertainty, companies like Skechers U.S.A. and Eastman Chemical have withdrawn financial forecasts for the year. Market volatility continues as Trump’s tariffs impact businesses and consumer sentiment. The S&P 500 rose 40.44 points to 5,525.21, with the Dow Jones Industrial Average adding 20.10 to 40,113.50, and the Nasdaq composite jumping 216.90 to 17,382.94.

Trump’s tariffs are causing uncertainty in markets, leading to changes in spending and investment plans. Businesses are struggling to navigate supply chain challenges created by the trade war. Treasury yields have eased, with the 10-year Treasury falling to 4.25%. The U.S. dollar remains steady against rival currencies, recovering losses from earlier this month.

In global markets, indexes rose in Europe but saw mixed movements in Asia. Treasury yields have dropped due to weaker-than-expected U.S. economic reports, raising expectations of a potential interest rate cut by the Federal Reserve later this year. Consumer sentiment in the U.S. declined in April, contributing to ongoing market uncertainty.

Read more: Big Tech carries Wall Street to the close of its winning, roller-coaster week