T
he S&P 500 kicked off the final trading session of the week on May 16, 2025, with a 0.4% gain, reaching 5,931.18 after opening at 5,912.50, as bulls aim for a fifth consecutive day of gains—a feat not seen since November 2004. This rally, fueled by a 90-day US-China trade truce slashing tariffs, has lifted investor confidence, with tech stocks like Nvidia and Amazon driving gains. The Dow Jones rose 0.7% to 42,322, while the Nasdaq edged up 0.2%.
Bitcoin, holding steady at $105,000, and Ethereum at $2,611, are riding the risk-on wave, as posts on X note crypto’s resilience amid stock market strength.
What’s behind this surge? The tariff rollback—US tariffs on Chinese goods dropped from 145% to 30%, China’s from 125% to 10%—has eased recession fears, spurring investment in equities and crypto. However, concerns linger: Trump’s tax bill faces House Budget Committee hurdles, and upcoming PPI data could sway markets. A failure to sustain the S&P 500 above 5,900 might trigger a pullback, impacting volatile assets like crypto.
For beginners, this shows how global policies ripple across markets. Crypto often follows stocks in bullish climates, but volatility is a risk. Will the S&P 500’s streak ignite a crypto boom? Share your thoughts below! Follow trafy.io for more market insights.
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The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.