#MarketRebound Global markets have experienced a notable rebound this week, driven by easing trade tensions and positive corporate earnings.
U.S. Market Highlights:
On April 22, the Dow Jones Industrial Average surged by 1,017 points (2.66%), the S&P 500 rose 2.51%, and the Nasdaq Composite gained 2.71% .
This rally was fueled by stronger-than-expected earnings from companies like Equifax and 3M, and a more conciliatory tone from President Donald Trump regarding Federal Reserve Chair Jerome Powell and U.S.-China trade relations .
Tesla shares jumped 7% after CEO Elon Musk announced plans to refocus on the electric vehicle company, alleviating concerns over his divided attention .
Global Market Movements:
European markets also saw gains, with the FTSE 100 posting its seventh consecutive increase, up 0.6%, alongside modest gains in Germany’s DAX and France’s CAC40 .
The British pound reached a seven-month high against the U.S. dollar amid dollar weakness, as concerns grew over trade tensions and monetary policy uncertainty .
Commodities and Currency:
Gold prices soared past $3,500 an ounce for the first time before settling slightly lower, continuing a 30% rise since the start of the year .
Bitcoin increased 4.5% to over $91,000 .
.
