Big Tech Leads Market Rally Amid Trade Optimism Despite Lack of Talks

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2025-04-24 18:39:02

The S&P 500 surged 1.6% while the Nasdaq jumped 2.2% as megacap tech stocks like Nvidia, Meta, Amazon, Tesla, and Microsoft rallied around 2%. Traders piled into tech despite no concrete progress in US-China trade negotiations.

China’s Commerce Ministry explicitly denied any ongoing trade discussions, demanding the US drop unilateral tariffs. This rebuke came even as President Trump signaled willingness to de-escalate tensions, creating mixed signals for markets.

The tech-led rebound demonstrates investor confidence in growth stocks’ resilience amid geopolitical uncertainty. However, the absence of actual trade dialogue and China’s firm stance on tariffs suggests volatility may persist.

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