Finally some positive sentiment on the US equity markets. The S&P 500 marked a weekly gain of 4,6%, while investors are waging the relaxation of the ongoing trade tariffs war. Regardless of estimates of the future impact of imposed tariffs, the US tech companies are still posting relatively good results. The S&P 500 ended the week at the level of 5.525, which was the market low in March and beginning of April this year.
Alphabet gained 1,5% during the week, on the wings of posted relatively good results above estimates. Other big tech companies were also supported, like Tesla, Nvidia and Meta. Only on Friday, Nvidia gained 4,3%, while Tesla advanced by 9,8% within one day. Regardless of positive weekly results, it is still not time to celebrate. The news regarding trade tariffs coming from the US Administration still continues to be mixed, bringing a high level of confusion among market participants. In this sense, it could be expected that volatility on the equity markets will continue also in the future period.
Alphabet gained 1,5% during the week, on the wings of posted relatively good results above estimates. Other big tech companies were also supported, like Tesla, Nvidia and Meta. Only on Friday, Nvidia gained 4,3%, while Tesla advanced by 9,8% within one day. Regardless of positive weekly results, it is still not time to celebrate. The news regarding trade tariffs coming from the US Administration still continues to be mixed, bringing a high level of confusion among market participants. In this sense, it could be expected that volatility on the equity markets will continue also in the future period.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.