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3d ago

Tech Earnings Drive Market Surge Amid Conflicting U.S.-China Trade Signals

Strong results from Alphabet and other tech giants fuel Wall Street gains, while uncertainty over trade talks and tariff policies persists.

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 2, 2025. REUTERS/Staff
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 24, 2025. REUTERS/Brendan McDermid
U.S. President Donald Trump and Shigeru Ishiba,Japan's prime minister, during a news conference in the East Room of the White House on Feb. 7, 2025.
Trader Edward McCarthy works on the floor of the New York Stock Exchange, Thursday, April 24.

Overview

  • The Dow Jones Industrial Average reclaimed the 40,000 mark, with the S&P 500 and Nasdaq each rising over 2%, driven by strong first-quarter tech earnings.
  • Alphabet reported a 12% year-over-year revenue growth, exceeding expectations, with shares climbing more than 5% in after-hours trading.
  • China granted limited tariff exemptions on some U.S. imports and sought input from firms on critical goods needing relief, signaling potential economic concerns.
  • Conflicting statements on U.S.-China trade talks emerged, with China's Ministry of Commerce denying negotiations while President Trump claimed discussions were underway.
  • Intel CFO David Zinsner warned that ongoing tariffs and retaliatory measures are increasing the risk of a U.S. recession, tempering market optimism.