The Dow Jones Industrial Average surged 674.62 points, or 1.65%, to close at 41,488.19 on Friday. The S&P 500 climbed 2.13% to end at 5,638.94, while the Nasdaq Composite advanced 2.61% to settle at 17,754.09. It was the best day in 2025 for both the S&P 500 and the Nasdaq.
#WATCH | Nifty reclaims the 23,800 mark, surging 8% from March 4 lows! 📈 But which conglomerate stocks have led this recovery? @Sharad9Dubey breaks it down! 🚀 #Markets #Nifty #StockMarket pic.twitter.com/2tGKfrFziH
— ET NOW (@ETNOWlive) March 25, 2025
Investors welcomed the absence of new tariff-related headlines, which eased concerns around escalating tensions for the time being.
Global Markets | Here's a look at how the global equities performed overnight📈 #NASDAQ #DowJones #FTSE #CAC #DAX pic.twitter.com/XptxMsbJog
— ET NOW (@ETNOWlive) March 25, 2025
They also appeared to be buying shares after a significant pullback on Thursday, which pulled the S&P 500 into correction territory. Big tech shares saw a sharp recovery, with Microsoft shares popping more than 5%, Apple jumping nearly 4%, and Amazon gaining close to 3%.
Despite Friday’s rally, the three major averages still posted weekly losses. The Dow fell roughly 3.1% for its worst week since March 2023. The S&P 500 and the Nasdaq both dropped more than 2% and posted their fourth consecutive losing week.
New 52-week lows among S&P 500 members didn’t aggressively spike in recent correction … not quite as close to fall 2023 and nowhere near prior bear markets pic.twitter.com/SZQyxvdW4l
— Liz Ann Sonders (@LizAnnSonders) March 24, 2025
Stocks rally amid tariff relief
Senate Minority Leader Chuck Schumer’s support for a Republican government funding bill added to Friday’s positive sentiment. However, data from the University of Michigan confirmed that consumer confidence has suffered from the ongoing tariff-related uncertainty, with the index falling to 57.9, lower than the 63.2 economists had expected.
Investors are now gearing up for the Federal Reserve’s policy meeting scheduled for next week, where fed funds futures are pricing in a holding steady of interest rates. Despite a bounce on Friday, Tesla is poised to extend its historic weekly losing streak. While shares rose around 4% in Friday’s session, the electric vehicle maker has tumbled more than 4% this week, marking the stock’s eighth-straight down week.
All 11 sectors of the S&P 500 saw gains on Friday, led by energy and information technology stocks, each rising nearly 3%. They were followed by more than a 2% increase from financials and consumer discretionary names. Shares of data management company Rubrik rose almost 28% during Friday’s session, marking the stock’s largest percentage increase in a single day ever.
The stock’s gains add to its substantial rise in recent months, with a more than 131% increase over the past period.
