The three major stock indices of the New York stock market closed higher for four consecutive trading days. Although the tariff conflict triggered by Trump continues, the perception that the worst is over appears to positively influence investor sentiment.
On the 25th (Eastern Time), the Dow Jones Industrial Average closed at 40,113.50, up 20.10 points (0.05%) from the previous day at the New York Stock Exchange (NYSE). The Standard and Poor's (S&P) 500 index rose 40.44 points (0.74%) to finish at 5,525.21, while the Nasdaq composite index increased by 216.90 points (1.26%) to close at 17,382.94.
Donald Trump, the President of the United States, noted in an interview with Time magazine that he had a currency conversation with Chinese President Xi Jinping. Trump said he expects all negotiations to be announced in the next 3 to 4 weeks and stated he will not reduce tariffs on China if it does not present significant measures.
Although the tariff issue continues, the market seems to pay more attention to the fact that it has moved away from the worst phase, during which the Trump administration was indiscriminately unleashing tariff bombs.
Looking at the trends of major stocks, the Magnificent 7 (M7), which comprises large technology stocks, all rose. In particular, Tesla surged by 9.80%. This week, Tesla saw its largest weekly increase since last November. This excitement followed the announcement by Elon Musk, Tesla's Chief Executive Officer (CEO), that he would reduce activities related to the Department of Government Efficiency (DOGE) starting in May.
NVIDIA rose by 4.3%, while Alphabet, the parent company of Google, increased by more than 1%. Alphabet's stock price rose by more than 4% at one point during the day, fueled by the announcement of its first-quarter performance exceeding market consensus estimates, but ultimately failed to maintain momentum.
On the other hand, Intel fell by 6.7% due to continued delays in performance recovery in the first quarter. T-Mobile, which saw its first-quarter wireless subscriber count fall short of Wall Street expectations, plummeted by over 11%.
The U.S. consumer sentiment index for April was recorded at 52.2, a decrease of 8.4% from March's 57.0. Compared to the same month last year (77.2), it declined by 32.4%. Additionally, according to the Chicago Mercantile Exchange (CME) FedWatch, the probability that the interest rate will remain unchanged until the end of June is 34.7%, and the probability of a 25 basis point (1 basis point = 0.01 percentage points) reduction is 60.6%.