Global Markets React Positively to Trade Talks Progress
U.S. stocks dipped slightly on Friday, but the overall mood remained optimistic.The Dow Jones fell by 0.4%, the S&P 500 by 0.26%, and the Nasdaq composite by 0.4%. Despite these minor losses, the market had seen three consecutive days of gains by Thursday, April 24.
Positive sentiment was fueled by reports of ongoing trade talks between the U.S. and China. There’s a growing belief that Beijing might reduce tariffs on semiconductors. Additionally, hints from the Federal Reserve about potential interest rate cuts have eased market tensions.
Bitcoin also showed strength, trading at $94,460, up 1.7% in 24 hours. Major tech stocks like Meta Platforms, Alphabet, and T-Mobile saw notable movements.
President Trump’s comments at the White House further boosted market confidence. This optimism spread globally, with Asian and European markets rising. Japan’s Nikkei 225 climbed nearly 2%, and Europe’s Stoxx 600 edged up 0.38%.
Trade discussions aren’t limited to China. The U.S. is also exploring deals with India in e-commerce and agriculture.Treasury Secretary Scott Bessent suggested a U.S.-South Korea trade deal could be finalized soon.
These developments signal a potential easing of trade tensions, which could lead to a more stable global economic outlook.
