The S&P 500 and Dow Jones Industrial Average turned positive for the year, sitting on a 1.3% and 0.3% gain, respectively in 2025. The S&P 500 was down 17.8% for the year and down 21.4% from the all-time high it reached on February 19 at its April 7 low (4,835.04). With Friday’s close, the S&P 500 index is 23.2% higher than its April low and 3.2% below its all-time high.<\/p>\n\n\n\n
Increased attention to mega caps and large-cap tech stocks had an outsized impact on the major equity indices. The Vanguard Mega Cap Growth ETF (MGK) jumped 7.2% this week. NVIDIA (NVDA) surged 16% and Apple (AAPL) was up 6.4% from last Friday.<\/p>\n\n\n\n
Last week\u2019s gains were driven a ceasefire in the trade war with China. Both the U.S. and China agreed to a 90-day reduction in tariffs, which went into effect last Wednesday. The U.S. dropped tariffs on China from 145% to 30% and China dropping tariffs on the U.S. from 125% to 10%. This was good news for the market although the reductions expire in 90 days if both sides can’t reach a more permanent trade deal.<\/p>\n\n\n\n
Investor sentiment was also helped by last week\u2019s economic date which included April\u2019s Consumer Price Index and Producer Price Index which lacked any tariff inflation shock.<\/p>\n\n\n\n
<\/p>\n","protected":false},"featured_media":15928,"template":"","categories":[479,666],"tags":[],"class_list":["post-21092","opinion-article","type-opinion-article","status-publish","has-post-thumbnail","hentry","category-research-en","category-financial-analysis"],"acf":[],"_links":{"self":[{"href":"https:\/\/creandgroup.com\/en\/wp-json\/wp\/v2\/opinion-article\/21092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/creandgroup.com\/en\/wp-json\/wp\/v2\/opinion-article"}],"about":[{"href":"https:\/\/creandgroup.com\/en\/wp-json\/wp\/v2\/types\/opinion-article"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/creandgroup.com\/en\/wp-json\/wp\/v2\/media\/15928"}],"wp:attachment":[{"href":"https:\/\/creandgroup.com\/en\/wp-json\/wp\/v2\/media?parent=21092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/creandgroup.com\/en\/wp-json\/wp\/v2\/categories?post=21092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/creandgroup.com\/en\/wp-json\/wp\/v2\/tags?post=21092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}