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Wall Street’s Resurgence: S&P 500 Marks Historic Winning Streak Amid Tariff Uncertainty

The S&P 500 has surged to its longest winning streak in two decades, erasing losses triggered by former President Donald Trump’s sweeping tariff announcement on April 2. The broad-based index climbed 1.5% on Friday, marking its ninth consecutive day of gains—the longest streak since November 2004. Investor sentiment improved as a stronger-than-expected U.S. jobs report eased recession fears. The economy added 177,000 nonfarm payrolls in April, surpassing economists’ expectations of 138,000. Meanwhile, China signaled openness to trade negotiations, raising hopes that tariff tensions may cool. The Dow Jones Industrial Average also posted a strong performance, jumping 1.4%—a gain of over 500 points—while the Nasdaq Composite advanced 1.5%. Tech stocks led the rally, with Microsoft and Nvidia posting notable gains, though Apple shares dipped after warning of a $900 million tariff-related headwind. Despite lingering concerns over trade policy, Wall Street’s resilience has been evident, ...
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Wall Street Rallies Ahead of Key Earnings and Election

 


Wall Street closed higher on Monday, buoyed by investor optimism as markets brace for a crucial week of earnings reports from megacap companies and the final stretch before the November 5th presidential election.

The major U.S. stock indexes managed to recoup some losses from the previous turbulent trading week. This positive sentiment was further bolstered by the stability in energy supplies, despite recent geopolitical tensions in the Middle East.

Investors are particularly focused on the upcoming earnings reports from tech giants, which are expected to provide insights into the health of the economy and corporate profitability. Additionally, the approaching election adds another layer of anticipation, with market participants closely watching for any developments that could impact economic policies and market dynamics.

As the week progresses, all eyes will be on the performance of these megacap companies and the unfolding political landscape, both of which are likely to significantly influence market movements.


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