Digest | 24 April 2025
- Edward von der Schmidt
- Apr 25
- 5 min read
Updated: May 4
Earnings strength carried US equities even as companies projected uncertainty about an unresolved economic outlook and foreshadowed price increases. The S&P rallied 2% and the Nasdaq climbed 2.7% with strong profits from Google announced after the close. Negotiations vis-a-vis Ukraine continued with Russia drawing a rebuke from President Trump after strikes on Kiev. Though the status of trade dialogue between the US and China remained unclear, public comments and private reports suggested that an opening toward deescalation may yet emerge. If the US definitively pulls back from reciprocal tariffs and inflation-related concerns subside, the Fed stands ready to act quickly.