04/11/2025

Wall Street Ends Whipsaw Week Higher as Fed's Comments Soothe Market

White House says Trump open to China tariff negotiations

Wall Street posted solid gains Friday as big banks kicked off first-quarter earnings season and investors closed the book on a turbulent week of wild swings driven by the chaos of U.S. President Donald Trump's hydra-headed trade war.

All three major U.S. indexes ended the session sharply higher after assurances from Boston Federal Reserve President Susan Collins that the Fed is prepared to keep financial markets functioning should the need arise.

All three indexes posted gains from last Friday's close. Stocks were whipsawed all week by tariffs, then a reprieve on European goods and a tit-for-tat escalation in the U.S.-China trade war.

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