U.S. stock markets posted a second consecutive week of gains, with small-cap stocks leading the rally. The Russell 2000 climbed 3.19%, the Nasdaq rose 2.18%, and the Dow added 1.17%, pushing all major indexes, including the S&P 500, into positive territory for the year. The information technology sector outperformed, fueled by strong earnings and continued optimism around artificial intelligence (AI). Sentiment was further lifted by Meta Platforms’ announcement of a 20-year clean energy deal with Constellation Energy to support its AI operations. Geopolitical tensions remained in focus as U.S.-China trade concerns resurfaced following remarks from President Trump. However, a phone call between Trump and Chinese President Xi Jinping later in the week appeared to ease investor worries, with Trump describing the discussion as having a “very positive conclusion.” Markets responded favorably to the possibility of progress in trade relations.
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Warren Gerow is an independent investment wealth consultant at Sightline Wealth Management.
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