US Equities Rise as Alphabet, Tesla Boost Markets
US equities closed higher on Friday, marking a fourth straight session of gains, with the S&P 500 up 0.7% and the Nasdaq rising 1.1%, boosted by Alphabet’s strong quarterly results, while the Dow added 20 points.
President Trump added to the uncertainty by suggesting tariffs as high as 50% could be a "total victory" a year from now, while Beijing disputed claims of ongoing negotiations—offsetting optimism after China exempted some US goods from steep tariffs.
On the corporate front, Alphabet shares rose 1.5% after the company beat earnings estimates, announced its first-ever dividend, and unveiled a $70 billion stock buyback plan, while Tesla soared 9.8%, after DoT unveiled new self-driving car rules. Intel fell 7% on weak guidance and T-Mobile sank 11% on soft subscriber growth.
Next week, Amazon, Apple, and Meta—fellow members of the “Magnificent Seven”—are set to report earnings. Wall Street posted solid weekly gains, with the S&P 500 up 4%, the Nasdaq rising 6%, the Dow adding 2%.
Source: Trading Economics
