The Dow Jones industrial average, the S&P 500 and the Nasdaq rose on Friday, with investors responding positively to signs of potential emissions in the ongoing tariff war between the US and China.
US stocks were taken from what was left off on Thursday after President Trump announced a massive trade deal with the UK. The Dow, S&P 500 and NASDAQ index all opened in Green on Friday after US President Donald Trump suggested that tariffs on Chinese imports would be reduced to 80%.
Trump said in a true social post:
“China’s 80% tariff seems right! Until Scott B,” he said of Treasury Secretary Scott Bescent.
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On the weekend, the US and China will hold trade negotiations after aggressive and anti-aggressive tariffs hit risky assets.
US Treasury Secretary Scott Bescent is one of the US officials involved with Chinese counterparts in highly anticipated trade talks in Switzerland over the weekend. Ambassador Jamie Songlia, US Trade Representative, will also be taking part.
In particular, cryptocurrency rose as stocks rose on May 8th and continued through Friday. Bitcoin (BTC) is considering putting tariff-driven chaos behind it, spiked over $103,000.
Bitcoin profits have boosted the Altcoin market by destroying key areas of resistance, with many assets, including Ethereum.
Retail investors bullish has recently hit a three-month high, according to a study by the American Association of Individual Investors.
Despite the tariff issues, a measure of how bullish Main Street is, 29% of respondents said they are bullish from a total of 20.9% the previous week. Individual investors’ bullishness was 33.3% as stocks recovered in early February.
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