Wall Street wrapped up the week with major flexes from the S&P 500 and Nasdaq, while the Dow kinda dragged its feet.
The S&P 500 rose 0.5% to close out the week, and the Nasdaq popped 0.9% higher. The Dow Jones Industrial Average, though? It slipped behind, dropping a slight 47 points (basically 0.1%).
Alphabet (Google’s parent company) gave the markets a caffeine boost, smashing first-quarter earnings expectations. They clocked $90.23 billion in revenue and $2.81 EPS, dunking on estimates of $89.12 billion and $2.01 EPS. Investors clearly liked what they saw.
Meanwhile, Tesla caught serious fire, spiking nearly 10%. CEO Elon Musk helped the vibes by announcing he’s stepping away from his DOGE-related government gig. Plus, the U.S. Department of Transportation dropped new self-driving car rules that seem tailor-made for Tesla to win big.
Zooming Out: A Massive Week Overall
The S&P 500 skyrocketed over 4% this week, the Nasdaq did even better with a 6%+ explosion, and even the sluggish Dow managed a 2% uptick. Big tech absolutely carried the squad.
And guess who else is back on the leaderboard? Bitcoin.
BTC is posting its best week since November, charging up and aiming to retest the legendary $100,000 mark very soon.
But Yo, Trade Drama Still Lurking 👀
It’s not all sunshine — global trade is still mad chaotic.
President Trump and Chinese officials kept throwing mixed signals all week. One minute it’s all “deals are coming,” the next it’s “new tariffs incoming.” Investors stayed on their toes, but the market still found a way to W.
Big tech, crypto, and cautious optimism are the vibes right now.
Let’s see if next week keeps the rally going or if trade tensions pull the rug.
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