Just two months ago, the market seemed in crisis as investors despaired by the impact of a series of tariffs by President Donald Trump. Now, the market is very happy.
On Friday evening in the New York Times, the S&P 500 index rose 0.7% in the past three hours, a new all-time high of 6184 points. this Nasdaq It has also reached an all-time high of 20,310% since the market opened as it rose 0.65%. Dow Jones Jones rose 1.1% and flirted with his own record.
Trump said at a White House event on Thursday that his administration had just signed a trade deal with China. The 47th President did not provide any details at first, but Finance Secretary Scott Bessent said in an interview Friday fox His business network expect China’s supply of rare minerals returned to the United States and later returned to U.S. government officials Confirmed The People’s Republic will accelerate its exports of minerals such as heat-resistant magnets and Terbium.
Bessent also said that the United States has 18 “significant trading partners” in negotiations with the federal government. He said he expects the deals to trigger before Labor Day, a longer schedule than his previously stipulated July 9 deadline.
The stock market delight Friday was the Trump administration’s welcome change in speed. Shortly after the president opened on January 20, investors pushed new highs in February as they bet Trump’s pro-business stance would boost the economy.
But, in the midst of the chaos of the government in the federal government, Tesla CEO Elon Musk, the market glides. In April, the market sell-off became even more dramatic when Trump announced serious tariffs to the U.S.’s largest trading partner. Ten days after Trump announced the news on April 2, he believes it is “liberation day”, global stocks shed $10 trillion.
Stock market plunges rank among the worst places in the United States historyThe retreat in the first 100 days of Trump’s tenure was the worst for the S&P 500 start Since Gerald Ford took office in 1974, the presidency has been the worst in the fifth inning since 1928.
Chaos infiltration Bond Marketwith the rise in the U.S. Treasury interest rates in 20 years, this shows that investors lack confidence in debt issued by the U.S. government. Bond market turbulence It is said that Promoting the Trump administration to withdraw from some more aggressive trade rhetoric. And, while the 47th President sometimes restores sensational threats to China and other major trading partners on social media, his administration works to reach a trade deal and avoids a wider economic decline in the United States.
By early May, the S&P 500 had recovered the losses suffered after Liberation Day. Then, as inflation and other indicators suggest that Trump’s tariff war has not yet penetrated the economy, the stock index continues to move forward.
In June, the Bureau of Labor Statistics issued One report said inflation did not meaningfully raise Trump’s tariffs after it. In April, inflation was 2.3%, and in May, interest rates rose only 0.1% to 2.4%.
Update, June 27, 2025: Added more context to Trump’s trade war and retreated from his most radical tariff-related rhetoric.
