The S&P 500 and NASDAQ composites finished the week with a strong note despite ongoing uncertainty regarding global trade.
The S&P 500 scored 0.5% to close the week, while Nasdaq added 0.9%. However, the Dow Jones industrial average lags behind the other indexes, down 47 points (0.1%).
Google’s parent company, Alphabet, appeared to have boosted investors’ confidence after surpassing its first-quarter earnings estimate. In particular, revenues were $900.23 billion and earnings per share were $2.81, with an estimated $8.912 billion and $2.01 per share of $2.01, respectively.
Tesla surged nearly 10% as investors appeared bullish after CEO Elon Musk said he would leave Doge’s role in the US government. The Department of Transport has also released new self-driving cars rules in favour of Tesla.
A solid week
The S&P 500 rose more than 4% a week, while the Nasdaq skyrocketed more than 6%. The Dow again delayed its rival index, but still rose 2% that week. Bitoin (BTC) recorded its highest week since November.
Investors have been navigating trade volatile headlines all week. Conflict messages from President Donald Trump and Chinese officials mean that there is still little clear about how the trade war will progress. Trump alternated between promoting potential trade deals and doubling the tariff threat.
