Wall Street’s Resurgence: S&P 500 Marks Historic Winning Streak Amid Tariff Uncertainty

The S&P 500 has surged to its longest winning streak in two decades, erasing losses triggered by former President Donald Trump’s sweeping tariff announcement on April 2. The broad-based index climbed 1.5% on Friday, marking its ninth consecutive day of gains—the longest streak since November 2004.

Investor sentiment improved as a stronger-than-expected U.S. jobs report eased recession fears. The economy added 177,000 nonfarm payrolls in April, surpassing economists’ expectations of 138,000. Meanwhile, China signaled openness to trade negotiations, raising hopes that tariff tensions may cool.

The Dow Jones Industrial Average also posted a strong performance, jumping 1.4%—a gain of over 500 points—while the Nasdaq Composite advanced 1.5%. Tech stocks led the rally, with Microsoft and Nvidia posting notable gains, though Apple shares dipped after warning of a $900 million tariff-related headwind.

Despite lingering concerns over trade policy, Wall Street’s resilience has been evident, with the S&P 500 recovering all of its post-tariff losses. Investors remain cautiously optimistic as negotiations between the U.S. and China unfold, potentially shaping the market’s trajectory in the coming months.