S&P 500 Erases 2025 Losses as Ebbing Inflation Buoys Optimism
Traders work on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergA rally powered by the world’s largest technology companies put US stocks higher on the year, as traders cheered a pause in the global trade war and signs of easing inflation.
The S&P 500 Index jumped 0.7% and the Nasdaq 100 Index advanced 1.6%, putting both gauges into positive territory for 2025 following multi-week rallies. Gains were fueled by Big Tech, with a basket tracking so-called Magnificent Seven stocks including Nvidia Corp., Apple Inc. and Meta Platforms Inc. climbing 8% this week for its biggest two-day rise since early April. That leaves the S&P 500 and the Nasdaq 100 back within 4.2% and 4.4% of their respective all-time closing highs, both set on Feb. 19.