Stock Markets Surge as Recession Fears Ease
Stock markets are on a roll, with the S&P 500 nearing pre-‘Liberation Day’ levels. If it closes higher today, it will mark nine straight days of gains, a feat not seen since 2004. The dow Jones Industrial Average climbed to 41,354.53, up 1.48% from the market open. The tech-focused Nasdaq also rose by 1.56%, reaching 17,987.89. The S&P 500 is up 1.47%, hitting 5,686.80. This upward trend is driven by improved economic data and easing recession worries.
On May 5, the Dow Jones Industrial Average soared by 601.57 points, or 1.48%. The Nasdaq followed suit, gaining 1.56%. The S&P 500 and Dow Jones have closed higher each day since April 21. This is thanks to easing trade tensions and more dovish tariff signals from the White House.
Bitcoin also benefited, rising from $87,333 to $97,382. Gold, though, saw a decline, dropping from $3,400 to $3,237 per ounce.
The S&P 500 and Nasdaq have recovered to pre-‘Liberation Day’ levels. This was when Trump announced tariffs, causing market turmoil.Despite this recovery, the indices are still below their November highs. The Dow Jones, representing the 30 largest U.S. companies, has not yet reached it’s April 2 level.
