[ April 23, 2026 ]
Bet on Trump.
Wall Street ends whipsaw week sharply higher as Fed comments soothe market
By Stephen Culp, April 11, 2025:
- Big banks launch first-quarter earnings season
- White House says Trump open to China tariff negotiations
- All 3 major US stock indexes notch weekly gains
- Indexes up: Dow 1.56%, S&P 500 1.81%, Nasdaq 1.63%
NEW YORK, April 11 (Reuters) – Wall Street posted solid gains on Friday as big banks kicked off first-quarter earnings season and investors closed the book on a turbulent week of wild swings driven by the chaos of U.S. President Donald Trump’s multi-front trade war.
ADVERTISEMENTAll three major U.S. indexes ended the session sharply higher after assurances from Boston Federal Reserve President Susan Collins that the Fed is prepared to keep financial markets functioning should the need arise.
All three indexes posted gains from last Friday’s close. Stocks were whipsawed throughout the week by a tariff reprieve on European goods and a tit-for-tat escalation in the trade war between the U.S. and China. One sign of the volatility: the difference between the weekly high and weekly low for the S&P500 was the widest since late March 2020 when much of the world was locked down during the pandemic.
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