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Stocks on Track To Erase Tariff-Driven Losses, Post Longest Winning Streak in 20 Years
Stocks rose on Friday , putting the S&P 500 on track to notch its longest winning streak in more than two decades.
The benchmark index of US stocks was up more than 1% Friday morning after Chinese officials signaled interest in ending the trade war with the U.S. Friday’s gains put the index on course to close higher for the ninth consecutive session, which would be its longest streak since November 2004.
Friday's rally also put the S&P 500 on track to erase all of its post-"Liberation Day" losses. The index, which in mid-April was down more than 15% from the start of the year, is now down less than 4% year-to-date.
Investors have slowly regained their appetite for risk after President Trump’s “Liberation Day” tariff announcement in early April prompted one of the worst stock sell-offs in decades. A slew of solid earnings reports and hope for tariff relief have helped the S&P 500 rise nearly 8.7% in the last eight sessions, its biggest rally of that length since November 2020 when stocks were buoyed by the completion of Covid-19 vaccines.
Markets were rising broadly Friday, with all three leading US indexes up more than 1%. Read Investopedia's full coverage of today's trading here .
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