U.S. stocks wrapped up a strong week, with major indices rebounding despite persistent uncertainty over global trade developments. Technology stocks led the charge, helping the Nasdaq Composite post its best weekly performance in months, while Bitcoin (BTC) recorded its strongest week since November, fueling optimism in both traditional and digital asset markets.
Tech Stocks Power Strong Weekly Gains
The S&P 500 closed out the week with a gain of 0.5%, and the Nasdaq Composite rose by 0.9% on Friday. In contrast, the Dow Jones Industrial Average slightly underperformed, slipping 47 points or 0.1% on the day. However, on a weekly basis, all three indices posted gains:
- S&P 500: +4%
- Nasdaq: +6%
- Dow Jones: +2%
The Nasdaq’s standout performance was fueled by strong earnings results from major tech giants. Alphabet, Google’s parent company, lifted investor sentiment after beating first-quarter estimates. Alphabet reported revenue of $90.23 billion and earnings per share of $2.81, surpassing expectations of $89.12 billion and $2.01 per share, respectively.
Meanwhile, Tesla shares rallied nearly 10% after CEO Elon Musk announced plans to step away from his controversial role related to DOGE oversight at the U.S. government level. Additionally, favorable updates from the Department of Transportation regarding new self-driving car regulations added momentum to Tesla’s stock rally.
Bitcoin Eyes Key Milestone
Beyond equities, Bitcoin had a stellar week as well, posting its best weekly performance since November. BTC is currently positioning itself to retest the psychological $100,000 mark in the coming days, following a powerful recovery.
Bitcoin’s strength came amid a backdrop of volatile global headlines, as investors weighed mixed signals from U.S.-China trade talks. President Donald Trump oscillated between optimism about reaching new trade deals and threats of intensified tariffs, adding to market volatility throughout the week.
Despite the noise, Bitcoin and the broader cryptocurrency market appear to be riding a wave of positive momentum, with investor sentiment leaning bullish once again.
Outlook: Market Resilience Amid Uncertainty
The week’s results underscore the resilience of risk assets, particularly tech stocks and cryptocurrencies, even in the face of political and trade uncertainties. As earnings season continues and global negotiations evolve, investors will be closely watching for further clues about market direction.
For now, the Nasdaq’s surge and Bitcoin’s momentum signal that risk appetite remains strong setting the stage for a potentially dynamic month ahead.
