Overview

• The S&P 500 rose 2.4% and the Nasdaq Composite jumped 3.87%, marking their strongest weekly gains since June.
• Apple shares climbed 13.3% after CEO Tim Cook announced a $100 billion U.S. investment deal in exchange for waived tariffs on products made in China and India.
• Technology stocks led the advance with Palantir up 21.2%, Arista Networks gaining 18.4% and Axon Enterprise rising 13.5% for the week.
• U.S. import duties have largely settled at around a 15 percent rate amid ongoing negotiations with Canada, China and Mexico.
• A lawsuit pending before the U.S. Court of Appeals challenges the president’s authority to impose tariffs unilaterally, extending policy uncertainty.