But the tariffs? After Wild Swings, S&P 500 Notches Best Week Since ’23.
We were told that the tariffs (which really haven’t kicked in) were going to destroy our country. But according to this news article I saw, the S&P did alright last week.
Wall Street posted solid gains Friday as big banks kicked off first-quarter earnings season and investors closed the book on a turbulent week of wild swings driven by the chaos of U.S. President Donald Trump’s hydra-headed trade war.
All three major U.S. indexes ended the session sharply higher after assurances from Boston Federal Reserve President Susan Collins that the Fed “would absolutely be prepared” to keep financial markets functioning should the need arise.
The S&P 500 notched its best weekly rally since November 2023, as a selloff in longer-term Treasuries and the dollar abated, Bloomberg reported. The S&P jumped 2% on the remarks by Collins.
