Wall Street extended its rally this week, fully erasing the losses suffered after the Trump administration’s tariff announcement on April 2.
Investor sentiment was buoyed by encouraging developments in trade negotiations and, most importantly, a stronger-than-expected start to earnings season.
Corporate America showed resilience in the face of trade headwinds. Mega-cap tech giants —including Microsoft Corp. (NYSE:MSFT), Meta Platforms Inc. (NASDAQ:META), Apple Inc. (NASDAQ:AAPL), and Amazon.com Inc. (NASDAQ:AMZN) — all surpassed Wall Street estimates, with Microsoft logging its best weekly performance in years.
The S&P 500 posted its second consecutive weekly gain, marking its longest winning streak since May 2024.
Top individual performers included Arista Networks Inc. (NYSE:ANET) and Carrier Global Corp. (NYSE: