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3d ago

U.S. Markets Extend Rally as Tech Earnings and Trade Signals Lift Global Stocks

Major indexes post third consecutive day of gains, driven by strong corporate results and easing fears over U.S.-China tariff tensions.

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The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 24, 2025. REUTERS/staff
A woman walks in front of big screen displaying Japan's Nikkei share average outside a brokerage in Tokyo, Japan April 25, 2025. REUTERS/Issei Kato

Overview

  • The S&P 500 rose 2%, the Dow gained 1.2%, and the Nasdaq climbed 2.7%, marking a three-day winning streak for U.S. markets.
  • Investor sentiment improved after President Trump softened his stance on firing Federal Reserve Chair Jerome Powell, and Treasury Secretary Scott Bessent hinted at potential tariff de-escalation.
  • ServiceNow led corporate earnings highlights with a 15.6% surge in stock price after reporting a 33% profit increase, while Alphabet also exceeded expectations with 12% revenue growth.
  • China denied ongoing trade negotiations with the U.S., despite earlier signals of progress, while Boeing faced halted jet deliveries in China due to tariff disputes.
  • Asian and Indian markets tracked U.S. gains, with Japan's Nikkei rising 1.9% and India's Sensex opening higher, reflecting global optimism despite lingering trade uncertainties.