#MarketRebound : Wall Street Rises Amid New Hopes

On April 22, 2025, the US stock market experienced a significant surge following comments from US Treasury Secretary Scott Bessent, suggesting the possibility of de-escalation in the trade war with China. The S&P 500 index rose by 2.5%, the Dow Jones Industrial Average increased by 2.7%, and the Nasdaq Composite also strengthened by 2.7%, recovering some losses from the previous day.

This increase was driven by better-than-expected corporate earnings reports, including from Equifax and 3M, as well as a statement from President Donald Trump indicating no plans to dismiss Federal Reserve Chair Jerome Powell and the potential for tariff reductions for China.

Nevertheless, the major indices still showed year-to-date declines, with the S&P 500, Dow, Nasdaq, and Russell 2000 each down between 7.9% and 15.6%.