
U.S. stock indexes finished higher on Friday, capping off a seesaw trading session and a roller-coaster week with wild swings. Meanwhile, the dollar continued to lose ground and Treasury bonds sold off again, as investors fled the onetime safe-haven assets and piled into gold, which saw prices hit fresh highs.
A wild week in financial markets ended appropriately with a seesaw trading session Friday as U.S. stock indexes finished with strong gains.
Meanwhile, investors continued to flee what had historically been safe-haven assets—namely the dollar and Treasury bonds—and piled further into gold, which saw prices hit fresh highs.
After going back and forth between positive and negative territory, the Dow Jones industrial average closed up 619 points, or 1.56%. The S&P 500 leapt 1.81%, and the Nasdaq surged 2.06%.
For the week, the Dow added 5%, the S&P 500 5.7%, and the Nasdaq 7.3%, after diving earlier, then soaring on Wednesday after President Donald Trump put most of his aggressive tariffs on hold for 90 days. The markets then ceded a large chunk of those gains on Thursday.
Friday’s rally came after China raised its duty on U.S. imports to 125% from 84%, after Trump sent U.S. levies on China to 145%. But Beijing signaled it would no longer engage in tit-for-tat retaliation, and Trump said he was optimistic about a deal, offering markets some hope that further escalation could be avoided. Source: Finance.Yahoo