S&P 500, Nasdaq 100 Recover as Trump Promises Trade Deal

From Investing: 2025-04-17 09:37:00

Futures for the S&P 500 and Nasdaq rose slightly as attention shifted to US-Japan tariff talks. President Trump reported progress in discussions, easing market concerns. The dollar dropped against major currencies on improved sentiment. Gold prices pulled back to around $3325/oz as traders unwind positions. The ECB cut rates for the seventh consecutive meeting, focused on disinflation. Trump had productive talks with Mexico and Japan, hinting at future negotiations with other nations. Investors await upcoming talks to gauge tariff impact. Economic data and Netflix earnings are expected today. The US Dollar Index is showing signs of recovery but faces resistance at 99.57. Trade deals could boost the index above this level. Immediate resistance is at 100.00, with support at 99.00.



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