S&P 500 and Nasdaq both up over 5% for the week
From Yahoo Finance: 2025-05-16 16:00:00
Stocks closed higher for the week, driven by trade deal optimism despite a drop in consumer sentiment. S&P 500 up over 5%, Nasdaq Composite rose more than 7%, and Dow Jones Industrial Average gained over 3%. Investors anticipate further negotiations post-US-China trade pact announcement.
Notable performers included Nvidia, with shares back in positive territory for the year, and Tesla stock, capping the fourth consecutive week of gains. Bitcoin remained steady near $104,000 as the overall market climbed. Consumer sentiment fell in May due to concerns over Trump’s tariff policies.