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Stocks Notch Best Week In Years As Dip Buying On Tariff Crisis Gathers Momentum

Wall Street ended the week on a strong note, with major indices posting their best weekly performance in years, as traders appeared confident that the escalation in the U.S.-China trade war, which led to triple-digit tariff increases on both sides, would be resolved in the near term.

Not even a shocking University of Michigan survey on consumer sentiment, revealing the most pronounced stagflation concerns in decades, nor fears of stress in the Treasury market were enough to curb the surge in dip-buying activity that emerged in the final day of the week.

Wall Street Rallies, Treasury Stress Fades

The S&P 500 index, as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), closed at 5,363, up 1.8% on the day and 5.7% for the week, marking its best weekly performance since October 2023.

From its lows earlier in the week, the index jumped 11% and now sits just four percentage points ...

https://www.benzinga.com/government/regulations/25/04/44774595/stocks-notch-best-week-in-years-as-dip-buying-on-tariff-crisis-gathers-momentum