Over the next 90 days, the US will tariff Chinese goods 30%, and China will drop theirs to 10%. And the stock market went NUTS on the news! The S&P 500 shot up over 3% just last Monday. Its 185-point rise is now the 5th highest ever! Now the stock market is up for 2025. And some stocks really shot up. Image Source: Unsplash.
News… If you think about it, news comes from press releases and conference calls. The Fed creates news when they release Economic data. Heck, a press conference at the White House… or a presidential “Tweet” can break news these days. But recently, major news broke from an unlikely place.
I wish I had better news. Last Wednesday, the United States Bureau of Economic Analysis reported Gross Domestic Product (GDP) numbers, and they were BAD. GDP is what we use to measure our economy. Usually, GDP rises. But GDP for the first quarter of 2025 actually shrank 0.3%! Image Source: Unsplash
Tech stocks have had a rough 2025 so far. The NASDAQ Index, home to the largest tech stocks, is down around 7.5% for the year. However, tech stocks rebounded with the NASDAQ rising almost 8% last week. What caused the jump in tech stocks?