US stocks have closed higher for three consecutive days: all four major indices increased by over 1%, with the Dow Jones breaking through 40,000 points.

Taiwan • Business • 04/24 22:00
US stocks have closed higher for three consecutive days: all four major indices increased by over 1%, with the Dow Jones breaking through 40,000 points.

On April 24, 2025, the U.S. stock market increased for the third straight day, with all four major indices rising by more than 1%. The Dow Jones Industrial Average broke through 40,000 points, while the S&P 500 and Nasdaq indices increased by 2.03% and 2.74%, respectively. The Philadelphia Semiconductor Index jumped 5.63%. Technology and semiconductor stocks led the gains, with companies such as NVIDIA and Amazon performing strongly. Despite varied corporate earnings reports and sluggish trade negotiations, investors remained optimistic as funds flowed into the technology sector, pushing the market higher.

Key Updates

04/25 15:04

Disagreements in US-China trade talks are causing market uncertainty, resulting in early volatility in US stocks, and tech stocks showing mixed results.

On April 25, 2025, there was a discrepancy in the US-China trade negotiations. President Donald Trump claimed that talks had begun, while Chinese officials denied it, resulting in cautious market sentiment. In early trading, US stocks fell, with the Dow Jones Industrial Average dropping 204 points and the Philadelphia Semiconductor Index down 0.5%. TSMC ADRs fell 0.9%, Nvidia rose 1.3%, Alphabet increased 2.9% on strong earnings, and Intel dropped 8.2% on poor financial forecasts.

04/25 10:31

The Chinese Ministry of Commerce's statement called for the United States to remove tariffs, leading to significant fluctuations in the US stock and crypto markets.

On April 24, 2025, Spokesperson He Yadong of China's Ministry of Commerce announced that there are no ongoing trade negotiations between China and the United States, demanding that the U.S. cancel all unilaterally imposed tariffs. This statement contradicts the conciliatory signals sent by U.S. President Trump, causing declines in the U.S. stock, bond, and cryptocurrency markets, reflecting concerns in the market about global economic uncertainty.

04/25 03:04

Strong Rebound in U.S. Stocks: Trump's Put Option Signal and Shift in U.S.-China Trade Rhetoric Drive Tech Stocks Up

On April 24, 2025, the U.S. stock market surged across the board, with the four major indices hitting recent highs, led by technology stocks. The market was buoyed by the "Trump put" concept, a financial market belief that Trump would step in to stabilize the market during times of volatility. The White House adopted a more conciliatory tone regarding U.S.-China trade negotiations, despite China's denial that negotiations are ongoing. The stock prices of AI chip leader Nvidia and other tech giants rose. Trump denied not having discussed tariffs with China, emphasizing that there has been contact between the two sides.

04/25 02:34

U.S. stocks have rallied for three straight days: Dow Jones breaks through 40,000 points, PHLX Semiconductor Index soars 5.63%, TSMC's ADR jumps 4.04%

The U.S. stock market has risen for three consecutive days, as the Dow Jones index surged 486.83 points on April 24, closing at 40,093.40, breaking the 40,000-point mark for the first time. Technology stocks led the gains, as the Philadelphia Semiconductor Index soared 5.63% and TSMC ADR rose 4.04%. The market was influenced by mixed signals from Federal Reserve officials about rate cuts, along with Trump's calls for rate cuts and his announcement of new tariff measures. Trump claimed to have held talks with China, but China denied that trade negotiations had begun, leaving the trade outlook uncertain.

04/25 01:01

U.S. stocks have risen for three straight days: Corporate earnings have exceeded expectations, diminishing concerns over U.S.-China trade tensions

On April 24, 2025, the U.S. stock market increased for the third straight day, with technology stocks leading the way. Despite the lack of progress in U.S.-China trade talks and persistent tariff uncertainties, corporate earnings surpassed expectations, fueling investor optimism. The S&P 500 and Nasdaq indices climbed 2% and 2.74%, respectively, and the Dow Jones index jumped nearly 500 points. The market temporarily set aside trade war worries amid robust corporate profits and expectations of potential Federal Reserve monetary policy easing.

04/24 22:00

US stocks have closed higher for three consecutive days: all four major indices increased by over 1%, with the Dow Jones breaking through 40,000 points.

On April 24, 2025, the U.S. stock market increased for the third straight day, with all four major indices rising by more than 1%. The Dow Jones Industrial Average broke through 40,000 points, while the S&P 500 and Nasdaq indices increased by 2.03% and 2.74%, respectively. The Philadelphia Semiconductor Index jumped 5.63%. Technology and semiconductor stocks led the gains, with companies such as NVIDIA and Amazon performing strongly. Despite varied corporate earnings reports and sluggish trade negotiations, investors remained optimistic as funds flowed into the technology sector, pushing the market higher.

04/24 18:01

2025 Outlook for Mainland Chinese Stock Funds: Policy Backing and Economic Robustness, AI and High-End Consumer Sectors Take Center Stage

Since 2025, despite the pressures of trade wars and economic slowdown in the global market, China's A-share market has shown resilience, with the Shanghai Composite Index having decreased by only 1.6% as of April 23. Fund managers and foreign institutions point out that policy support, a robust economy, industrial innovation, and valuation advantages provide support for the market. The AI and high-end consumer sectors have become focal points, and the inflow of foreign capital indicates that international investors are reassessing Chinese assets. In the face of high volatility, it is recommended to invest regularly through a systematic investment plan and pay attention to the impact of US-China trade policies and China's reform progress.

04/24 18:01

Federal Reserve officials suggest a rate cut in June, U.S. stocks rose in early trading, with tech stocks leading the gains.

On April 24, 2025, Federal Reserve Governor Christopher Waller and Cleveland Federal Reserve Bank President Beth Hammack hinted at a possible rate cut in June, boosting early gains in U.S. stocks. The Dow Jones Industrial Average rose 0.61%, the S&P 500 rose 1.3%, the Nasdaq rose 1.81%, and the Philadelphia Semiconductor Index rose 4.27%. Technology stocks led the gains, with TSMC's ADR rising 2.6%, Tesla up 5.37%, and Nvidia rose 2.81%. Expectations for a rate cut intensified in the market, with the 10-year U.S. Treasury yield dropping to 4.325%.

04/24 13:31

CNBC host Jim Cramer breaks down the 10 key events in the stock market in the US on April 24, 2023.

On April 24, 2025, CNBC's "Mad Money" host Jim Cramer highlighted the top ten events in the U.S. stock market for that day, ranging from earnings reports of pharmaceutical giants to those of tech leaders, industry trends, and policy impacts, highlighting the market's sensitivity to tariff policies, corporate earnings, and macroeconomic uncertainties. The events included stalled U.S.-China trade negotiations, Bristol Myers Squibb's strong earnings but setbacks in drug trials, Merck's downward revision of its financial forecasts, ServiceNow's outstanding performance, and IBM's undervalued earnings report.

04/24 11:04

Trump's return to the White House puts pressure on US stocks: S&P 500 records its worst performance for the same period in history, the dollar depreciates by 5.52%

After President Trump returned to the White House in January 2025 for his second term, the financial markets reacted swiftly to his policies. The S&P 500 index fell by about 10% within the first 94 days of his second term, marking the worst performance for any president in the same timeframe since 1928. A survey by the American Association of Individual Investors showed that the bearish sentiment exceeded 50% for nine consecutive weeks, setting a record for the longest streak of pessimism in history. The US Dollar Index depreciated by a cumulative 5.52% since Trump returned to office, the worst among all presidents during the same period, indicating the financial market pressures faced at the start of Trump's second term.

Wall Street Rises for Third Consecutive Day, All Four Major Indices Climb

The U.S. stock market staged another strong rebound on Thursday (April 24), marking the third consecutive day of gains. All four major indices rose by more than 1%, indicating continued strong buying interest.

  • The Dow Jones Industrial Average rose 486.83 points, or 1.23%, to close at 40,093.40 points, marking the first time it has surpassed the 40,000-point mark since April 15.
  • The S&P 500 Index surged 108.91 points, or 2.03%, to close at 5,484.77 points.
  • The tech-heavy Nasdaq Composite Index soared 457.99 points, or 2.74%, to close at 17,166.04 points.
  • The Philadelphia Semiconductor Index was the standout performer, skyrocketing 224.27 points, or 5.63%, to close at 4,208.19 points.

This rally was primarily led by large tech stocks and semiconductor stocks, indicating a renewed confidence in the tech industry.

Tech and Semiconductors Lead the Rally, Market Focus Concentrated

In this round of gains, tech giants and semiconductor companies were the main drivers pushing the indices higher. According to market data, the "Big Five" tech giants—Nvidia, Amazon, Microsoft, Meta, and Alphabet—all closed higher, with gains ranging from 2% to over 3%.

The strong performance of the Philadelphia Semiconductor Index reflects investors' high expectations for the AI and chip industries. Texas Instruments and Applied Materials reported earnings that exceeded expectations, further boosting market confidence. Texas Instruments' stock rose 6.56%, while Applied Materials surged 4.59%. Additionally, Broadcom and Micron rose 6.35% and 6.16%, respectively, indicating a generally bullish sentiment in the semiconductor sector.

Earnings Season in Progress, Investors Focus on Corporate Performance

Despite mixed corporate earnings, the overall market reaction to corporate profits has been positive. According to reports, AI software company ServiceNow saw its stock soar 15.5% due to better-than-expected earnings. Conversely, Procter & Gamble and PepsiCo saw their stocks fall by 3.75% and 4.9%, respectively, due to lowered financial guidance.

This earnings season reveals the challenges and opportunities faced by different industries, with tech and AI-related companies performing relatively strongly, while consumer goods and traditional industries are affected by cost and demand uncertainties.

No Breakthrough in Trade Talks, Market Sentiment Remains Stable

On the geopolitical front, U.S.-China and U.S.-EU trade talks have made slow progress. China's Ministry of Commerce recently stated that no trade negotiations are currently underway with the U.S. and called for the removal of unilateral tariffs. Despite this, U.S. Treasury Secretary Bessent indicated that the U.S. might reach a trade understanding with South Korea as early as next week, bringing a glimmer of positive news to the market.

Investors seem to be ignoring these uncertainties, focusing instead on corporate fundamentals and short-term positive news. According to reports, market expectations that the U.S. government may take a more moderate stance on trade policy have also supported stock market performance to some extent.

Labor Market and Economic Data Offer Support

The latest U.S. economic data also offered support for the market. The preliminary monthly increase in durable goods orders for March was 9.2%, far exceeding the expected 2.1%, indicating strong momentum in corporate capital spending. However, the core durable goods orders monthly increase was 0.0%, slightly below the expected 0.3%.

Additionally, initial jobless claims last week were 222,000, in line with market expectations, while continuing claims fell to 1.841 million, a 10-week low, indicating the labor market remains resilient.

Market Sentiment Turns Positive, Investor Confidence Rebounds

Considering various factors, despite uncertainties in trade policy and corporate earnings, the overall market sentiment has clearly turned positive. The strong rebound of large tech stocks, the impressive performance of the semiconductor industry, and solid economic data have collectively driven U.S. stocks to rise for three consecutive days.

According to statistics, over the past three trading days, the Nasdaq Composite Index has risen by more than 8%, the S&P 500 Index by about 6%, and the Dow Jones by over 5%. This rally shows a trend of capital returning to the stock market, particularly concentrated in growth and tech stocks.

References

People Also Ask...

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