Stock Market Update
11-Apr-25 15:00 ET
Stocks rebound sharply despite trade jitters; Nasdaq +6.9% WTD, chip stocks surge over 10%
Dow +509.49
at 40103.15,
Nasdaq +249.83
at 16637.14,
S&P +74.89
at 5342.94
[BRIEFING.COM] A volatile week shows the major averages poised to end higher as we approach the final stretch of trading on Friday; trade tensions between the U.S. (and the rest of the world) and China had the S&P 500 down -4.7% at one point this week, though the average is now on pace to end almost +5.6% higher now. The tech-heavy Nasdaq Composite leads the way, up +6.9% week-to-date, while the Dow Jones Industrial Average holds gains just under +5.0%.
Outperformance in chip stocks, evidenced by the +10.2% gains in the PHLX Semiconductor Index, have aided the Nasdaq rally.
Relatively underperforming though still higher on the week, the Invesco S&P 500 Equal Weight ETF (RSP) is closing in on a +2.8% advance since last Friday.
