Markets Rebound Amid Tariff Easing and Fed Stability
- NexxtGen Markets
- Apr 23
- 2 min read
📰 Top Headlines
🇺🇸 U.S. Markets Surge on Tariff Relief and Fed Assurance
U.S. stock markets rebounded strongly on Tuesday, with the S&P 500 rising 2.51%, the Dow Jones gaining 2.66%, and the Nasdaq Composite up 2.71%. This rally followed President Trump's clarification that he has no plans to dismiss Federal Reserve Chair Jerome Powell and his indication of potential tariff reductions in a forthcoming trade deal with China.
🌏 Asian Markets Follow U.S. Lead
Asian markets mirrored U.S. gains, buoyed by easing trade tensions. Japan’s Nikkei 225 climbed 1.9%, South Korea’s KOSPI rose 1.5%, and Hong Kong's Hang Seng Index advanced 2.2%.
💰 Gold Retreats from Record Highs
After reaching an all-time high of $3,442.30 per ounce, gold prices pulled back slightly due to profit-taking amid improved market sentiment. The VanEck Gold Miners ETF (GDX), however, remains up 52% year-to-date, reflecting sustained investor interest in precious metals.
📉 IMF Lowers Global Growth Forecast
The International Monetary Fund has revised its global growth projection for 2025 down to 2.8% from the previous 3.3%, citing ongoing trade tensions and policy uncertainties.
📊 Market Movers
Tesla (TSLA): Shares rebounded 5% post-market despite a significant profit drop, as investors responded positively to future outlooks.
General Electric (GE): Stock rose after reporting strong earnings and manageable tariff impacts.
RTX Corporation (RTX): Shares fell 10% following a larger-than-expected $850 million tariff-related cost estimate.
🔮 What to Watch
Earnings Reports: Key companies reporting today include Procter & Gamble (PG), T-Mobile US (TMUS), and Alphabet (GOOGL).
Economic Indicators: Investors await U.S. new home sales data and Eurozone consumer confidence figures, which could influence market direction.
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