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American stocks rose sharply on Friday afternoon to close a historic turbulent week, as investors absorbed the increasing trade tensions, decreased consumer confidence numbers, and a wave of major banking profits.
After the turbulent Thursday, which witnessed the main American market indicators, the Mediterrane Industrial has concluded that today it reaches 619 points, or about 1.5 %. The S&P 500 1.8 % added, and the heavy technical NASDAQ increased by approximately 2.1 %.
Jpmorgan Chase (Jpm+4.84 %On Friday, it ended 4 % after the bank informed profits and revenues in the first quarter of the expected. Blackrock (BLK+3.01 %She gained 2.6 % after beating her profits, while Morgan Stanley (Ms+2.05 %The shares increased by 1.4 % after a strong performance across their main business lines. Wales Vargo (WFC-63 %Nearly 1 % slide, and the performance of its peers.
Large technology names have also published gains. The father’s alphabet from Google (Googl+2.68 %Ended by 2.6 %, Microsoft (Msft+1.86 %Earn 1.9 %, and Apple (Aapl+4.00 %4.1 % increased.
The gains have suggested that although concerns about the definitions and political fluctuations remain at the top of the minds, and the results of companies – especially One of the main financial players They offer some reassurance to investors with the launch of the profit season.
However, Jimmy Damon, CEO of JPMorgan Chase The economy faces “great turmoil”, “ Highlighting the risks resulting from “sticky inflation”, high financial deficit, high asset prices, and the escalation of “customs tariffs and” commercial wars “. He pointed to the renovated profits estimates of the analysts for the S&P 500 as a potential sign of pain.
They appear on CNBC (CMCSA+0.39 %On Friday, Larry Fink, CEO of Blackrock, repeated the feelings of Damon, saying he expected “slowing” in all areas and that the United States may be in stagnation soon – if not really.
and American consumers grow uncomfortable. According to the start Data It was issued on Friday from the University of Michigan, the consumer’s feeling decreased by 11 % since March. This represents the monthly decrease in a row and a 30 % decrease since December 2024.
Market anxiety deepens
Overnight, China announced a sharp escalation in its commercial revenge, raising the definitions of American imports from 84 % to 125 %. Chinese officials said that new rates make us effectively uncompromising – and that any additional tariff from Washington will deal with irregularly relevant.
Meanwhile, gold rose to a record above $ 3,200 an ounce with the resumption of selling bonds and investors fled from American assets.
Treasury revenues have increased long ago again, indicating continuous fears of inflation and policy fluctuation. The US dollar also slipped, as the ice dollar index decreased by more than 1 % to its lowest level in nearly three years. Deutsche Bank (Despel+4.21 %Analysts Quoted From the New York Times He cited the “radical vision and volatile policy” of the Trump administration as a major reason for the destruction of the main American assets.
Consumer definitions, some analysts calm down
Companies facing the consumer also began to warn of the consequences.
Amazon (amzn+1.90 %CEO Andy Jassi said that the newly announced definitions are already pushing third -party sellers to raise prices and consumers to the stock. While Amazon tries to reduce the strike by storing inventory and re -negotiating with suppliers, the pressure of inflation is likely to be in Jassy.
At the same time, the political climate may add its own cold. Michael Kimalst, JPMorgan Chase open This week, he began to reduce his general comment on the definitions, pointing to the tense environment and recent executive orders targeting companies and individuals associated with investigations belonging to the Trump era.
However, other analysts speak with Wedbush to launch a memorandum on Friday morning This did not empty the words.
The memo said: “The economic tariff that Trump launched last week was the dark black cloud on stocks since this failure began, and until now it was a paid event in Wall Street/stocks … and this is all about to change during the coming days and weeks for consumers and companies in China by 145 % now in place.”
“The uncertainty that caused themselves to target China has turned to the heart of the capital’s capital expenditures in the world upside down, creating a collective uncertainty that has not seen since Covid, a shock in prices that will affect the daily life of American consumers without any end on the horizon, and unfortunately, tear hearts and lungs from the large American technological supply chain in the process without the minimum level Makhul.