Stocks Extend Winning Streak on Trade Optimism, Jobs
This article is for subscribers only.
US stocks tallied a second week of gains, with the S&P 500 Index powering through its longest winning streak in more than 20 years and wiping out all losses from April’s tariff turbulence as strong jobs data and progress on international trade talks unleashed a wave of buying.
The S&P 500 rose 1.5%, topping levels it reached on April 2, just before US President Donald Trump triggered a market rout by unveiling sweeping tariffs against major trading partners. The Nasdaq 100 rose 1.6% — bringing its rebound from April lows to 18%, on the cusp of a bull market — while the Dow Jones Industrial Average added 1.4%.