25.04.202520:03:10UTC+00US Equities Rise as Alphabet, Tesla Boost Markets

US stocks ended the week on a high note, marking their fourth straight session of gains, buoyed by strong performances in major technology stocks, even as President Trump's recent comments on tariffs continued to spotlight trade tensions. The S&P 500 increased by 0.7%, the Nasdaq advanced 1.1%, and the Dow Jones Industrial Average added 20 points. President Trump described the possibility of implementing 50% tariffs as a "total victory," introducing an element of uncertainty. Meanwhile, Beijing contested reports of ongoing negotiations, which tempered the optimism stemming from China's decision to exempt certain US goods from tariffs. Alphabet saw its shares rise 1.5% following an earnings beat, the announcement of its first-ever dividend, and a substantial $70 billion stock buyback plan. Tesla shares jumped 9.8% after new self-driving car policies were announced. Conversely, Intel's shares fell 7% due to weak future projections, and T-Mobile's shares declined 11% due to disappointing subscriber growth. In the coming week, earnings reports from Amazon, Apple, and Meta—the so-called "Magnificent Seven"—are anticipated. Overall, Wall Street recorded solid weekly gains, with the S&P 500 up 4%, the Nasdaq climbing 6%, and the Dow increasing by 2%.