📈 Major Index Performance
- S&P 500: Closed at 5,663.94, up 0.58% for the day.
- Dow Jones Industrial Average: Ended at 41,368.45, rising 0.62%.
- Nasdaq Composite: Finished at 17,928.14, gaining 1.07%.Charles Schwab
Despite these daily gains, all three indexes recorded weekly losses, snapping multi-week winning streaks as markets grappled with trade uncertainties. Barron’s
📰 Market Drivers
- U.S.–China Trade Talks: Investors are closely monitoring the ongoing trade discussions in Geneva between U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng. The outcome of these talks could significantly impact market sentiment.
- Tariff Speculations: President Trump’s recent comments suggesting a potential reduction in tariffs on Chinese goods have introduced volatility. While some officials hint at lowering tariffs to 50–60%, Trump has indicated a preference for maintaining them at 80%.
- Economic Indicators: The Federal Reserve’s cautious stance on interest rates, coupled with signs of a slowing economy, continues to influence investor decisions.
📊 Sector Highlights
- Technology: The tech sector showed resilience, with the Nasdaq Composite leading gains among major indexes.
- Energy: Oil prices rose, contributing to gains in energy stocks.
- Consumer Goods: Companies in the consumer sector faced pressure amid concerns over potential tariff impacts on imported goods.