Stock Markets Relief Rally: Dow Jones (DJIA) Breaks Resistance, S&P Eyes the Highs
US markets surged further this week, helped by decreasing trade tensions, with the Nasdaq up 7% and the Dow Jones up nearly 2%.
Quick overview
- U.S. markets experienced significant gains this week, with the Nasdaq rising 7% and the Dow Jones up nearly 2%.
- The S&P 500 maintained a strong upward trend, achieving gains in every session and only one negative day since April 21.
- Easing trade tensions between the U.S. and China have bolstered investor confidence, leading to a bullish breakout for the Dow Jones above key technical levels.
- Overall market sentiment remains positive, with strong performances from tech, consumer sectors, and small-cap stocks indicating a growing appetite for risk.
Live DOW Chart
US markets surged further this week, helped by decreasing trade tensions, with the Nasdaq up 7% and the Dow Jones up nearly 2%.
S&P 500 Powers Ahead Amid Trade Optimism
The S&P 500 delivered a strong performance this week, rising steadily with gains recorded in every session. Since April 21, it has seen only one negative day, underscoring sustained bullish momentum. The rally kicked off on a positive note following news of reduced tariffs between the U.S. and China, which reignited risk appetite and encouraged consistent buying throughout the week.
Dow Jones Regains Uptrend After Technical Breakout
The Dow Jones Industrial Average began the week with a significant jump, marked by a bullish gap at Monday’s open. However, midweek gains stalled at the 200-day simple moving average, prompting a modest pullback. That retracement was short-lived, as buyers re-entered late in the week, driving the index decisively above the 200 SMA. This breakout reestablished the long-term uptrend, with the Dow finishing the week 1.8% higher.
Index Closings – Friday Recap
Dow Jones Industrial Average
- Closed at 42,654.74, up +331.99 points or +0.78%
- Finished strong after rebounding from midweek consolidation
S&P 500 Index
- Ended the day at 5,958.38, rising +41.45 points or +0.70%
- Continued its uninterrupted five-day winning streak
Nasdaq Composite
- Settled at 19,211.10, gaining +98.78 points or +0.52%
- Tech stocks supported the move amid renewed growth optimism
Russell 2000 (Small Caps)
- Closed at 2,113.25, up +18.56 points or +0.89%
- Outperformed in percentage terms, suggesting broad-based buying
S&P Global Inc.
- Ended at 522.46, up +3.18 points or +0.61%
- Extended gains alongside broader financial and industrial names
Weekly Market Performance Snapshot
- S&P 500: +5.1% — driven by strong tech and consumer sectors
- Nasdaq Composite: +7.0% — standout performer with tech strength
- Russell 2000: +4.5% — signals rising appetite for risk and small caps
- Dow Jones Industrial Average: +1.8% — reestablished bullish tone after clearing key technical levels
- S&P/TSX Composite Index (Canada): +2.4% — supported by commodities and rate sentiment
With momentum carrying over from Monday to Friday, the broader market tone remains firmly positive. Investors appear to be encouraged by both fundamental catalysts and technical strength, particularly as major indices breach key resistance levels.
Conclusion: U.S. equity markets wrapped up the week with solid gains across the board, as easing U.S.-China trade tensions, renewed investor confidence, and key technical breakouts helped sustain momentum. With the S&P 500 and Nasdaq hitting new highs and the Dow reclaiming its long-term uptrend, sentiment appears decisively bullish heading into the second half of May. Broader participation, including strong small-cap and Canadian performance, reflects growing optimism across risk assets.
Dow Jones Live Chart
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