By Heard Editors

What Happened in Markets Today

Tech led stocks higher. The Nasdaq jumped more than 1% while a strong pickup in tech stocks led the Dow and S&P 500 higher for the day. All major U.S. stock indicies closed the week with solid gains that offset last week's losses.

Trump cools tariff optimism. Another 90-day pause is unlikely, and China needs to offer something "substantial" to land a trade deal with the U.S., according to comments President Trump made to reporters on Air Force One on Friday afternoon.

Consumer sentiment takes a dive. The University of Michigan said Friday its final index of consumer sentiment for April fell 8% from the previous month.

Google keeps up earnings, and AI spending. The internet search giant showed strong profit growth in the first quarter along with record-high capital expenditures-all while pointing to growing usage of its AI tools. Google-parent Alphabet's shares rose nearly 2%, while AI chip giant Nvidia jumped more than 4% by the close.

Intel shows no quick fix in hand. The troubled chip giant's shares slipped nearly 7% after the new CEO's first quarterly call made clear the challenges ahead.

This analysis comes from the Journal's Heard on the Street team. Subscribe to their free daily afternoon newsletter here.

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(END) Dow Jones Newswires

April 25, 2025 17:45 ET (21:45 GMT)

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