U.S. stock markets rallied as President Donald Trump’s decision to delay a 50% tariff on European Union goods ignited investor optimism, leading to significant gains across major indexes. The surge was further bolstered by a better-than-expected U.S. consumer confidence report.

U.S. stocks continued their upward trajectory this week, buoyed by a temporary trade truce with China and encouraging signs of easing inflation. However, concerns loom as major companies warn of rising costs due to tariffs.

Wall Street extended its gains to a ninth straight day, marking its longest winning streak since 2004 and reclaiming the ground lost since President Donald Trump escalated his trade war in early April.

Microsoft and Meta Platforms led a surge on Wall Street Thursday after reporting profits that surpassed analysts’ expectations. The strong earnings from these tech giants bolstered investor confidence and lifted the stock market.

Stocks rallied to close a turbulent week on Wall Street as Democratic Senators Tina Smith and Gary Peters announced they will not seek reelection, signaling potential shifts in both economic and political landscapes.

U.S. stock markets kicked off 2025 on a high note, with major indexes breaking a four-day losing streak amid rising optimism about the economy. Strong performances from small-cap stocks and tech giants signaled renewed investor confidence, even as global markets showed mixed results.