Market participants awaited fresh catalysts to sustain the recent upward momentum. On Friday, the S&P 500 advanced 1.47%, securing a ninth consecutive session of gains—the index’s longest winning streak since November 2004. The Dow Jones Industrial Average and the Nasdaq Composite posted gains of 1.39% and 1.51%, respectively. These advances have now fully erased the losses that followed President Donald Trump’s April 2 declaration of broad reciprocal tariffs.
Investor sentiment has improved on rising expectations of forthcoming trade agreements with key partners, including India, Japan, and South Korea. Additionally, remarks from Chinese officials indicating a potential reassessment of trade negotiations with the U.S. provided further support to markets.
Looking ahead, attention will turn to the Federal Reserve’s policy meeting later this week. While no change in interest rates is expected, investors will be closely monitoring the Fed’s forward guidance amid ongoing global trade uncertainties. A fresh wave of corporate earnings releases is also anticipated and may offer further insight into underlying market fundamentals.
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