All major U.S. stock indices closed sharply higher on Friday after the White House expressed willingness to reach a trade agreement with China, capping one of Wall Street's most volatile weeks on record.
Key Market Moves (Friday Close):
S&P 500: +95.31 points (+1.81%)
Dow Jones Industrial Average: +619.05 points (+1.56%)
NASDAQ Composite: +337.14 points (+2.06%)
Market Context:
The rally followed Thursday's risk-off session where:
• Trade policy uncertainty dampened market sentiment
• Indices surrendered part of Wednesday's historic gains
• Wednesday's surge came after President Trump announced a 90-day delay on certain reciprocal tariffs (CNBC)
Weekly Volatility:
This week marked extreme swings, including:
• Wednesday's tariff-delay rally
• Thursday's pullback on trade concerns
• Friday's recovery on renewed deal hopes