35. Weekly Market Recap: Key Movements & Insights

📊 Nasdaq’s Best Week Since 2022: What’s Driving the Rally?

Trade War Chaos Fuels Market Volatility, but Stocks End the Week Higher

The financial markets endured a rollercoaster week as escalating trade tensions between the U.S. and China rattled investors. China retaliated against the U.S. by raising tariffs on American goods to 125%, following the U.S.’s hike to 145%. While Beijing signaled it would not impose further increases, the damage was evident. The trade war, coupled with fears of a slowing economy, sent shockwaves through global markets. Despite the turmoil, U.S. stocks staged a remarkable rebound, with the Nasdaq surging 7.3% for the week—its best performance since 2022—while the S&P 500 and Dow Jones gained 5.7% and 4.95%, respectively. Gold soared to a record $3,255.30 per ounce, reflecting investor anxiety, while the U.S. dollar suffered its worst week since 2022, falling for five consecutive days. Treasury yields also spiked, with the 10-year yield rising 50 basis points to 4.49%, marking its largest weekly jump since 2001.

Econo…