Wall Street is wrapping up the week on a high note, with the S&P 500 up 3.7%, the Nasdaq gaining 5.6%, and the Dow climbing 1.7%, fueled by a mix of strong earnings and cautious optimism on U.S.-China trade talks.
President Trump stirred the markets with comments supporting potential 50% tariffs, while Beijing denied any active trade negotiations, adding to investor jitters. However, China’s decision to ease tariffs on select U.S. goods offered a glimmer of relief.
On the corporate front, Alphabet and Charter Communications posted upbeat earnings, pushing their shares higher, while Tesla jumped 8.6% after a strong showing. In contrast, Intel and T-Mobile dragged after underwhelming reports.
Despite Friday’s choppy session, traders are heading into the weekend alert to any market-moving remarks from the White House that could set the tone for next week.