US stocks posted a weekly rise after four weeks of losses due to inflation and economic uncertainty. President Trump’s comments about tariff flexibility contributed to market recovery, with the S&P 500, Nasdaq, and Dow showing gains for the week, despite ongoing inflation concerns.
US stocks have experienced a weekly rise after four consecutive weeks of declines stemming from economic uncertainty. Inflation continues to exceed the Federal Reserve’s target of 2%, which influenced the Fed’s decision to maintain key interest rates in their latest meeting. The Standard & Poor’s and Dow Jones indices saw minimal changes on Friday, recovering from previous lows, thanks to optimistic comments from US President Donald Trump regarding tariffs.
President Trump indicated there would be flexibility concerning tariffs, aiming to utilize them to address the US trade deficit with China. The S&P 500 index rose by 4.38 points, or 0.08%, closing at 5,667.27 and marking a 0.5% increase for the week after its four-week losing streak. The Nasdaq Composite Index also experienced a gain, rising 92.43 points, or 0.52%, to finish at 17,784.05, contributing a weekly increase of 0.15%.
The Dow Jones Industrial Average increased by 35.98 points, or 0.09%, closing at 41,989.30, resulting in a weekly gain of 1.2%. Overall, the performance indicates a potential shift as investors responded positively to the prospect of less aggressive tariffs, countering previous market fears.
While US stocks showed recovery this week, ongoing concerns about inflation and economic direction remain pivotal for future market performance.
In summary, US stocks have rebounded after a period of declines, largely influenced by comments from President Trump about tariff flexibility. The S&P 500, Nasdaq, and Dow Jones gained in value, ending four weeks of losses. However, inflation concerns persist, and the Fed’s maintained interest rates signal ongoing economic uncertainty.
Original Source: ina.iq
