'The Worst is Over' Hope... 3 Major Indices Rise for Fourth Day on Tariff Negotiation Expectations [New York Stock Market Briefing]

The three major indices of the New York stock market closed with gains for the fourth consecutive trading day. It is analyzed that the relief that 'the worst is over' from the tariff conflict initiated by U.S. President Donald Trump has had a positive impact on investor sentiment.

On the 25th (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 40,113.5, up 20.1 points (0.05%) from the previous day. The Standard & Poor's (S&P) 500 index rose 40.4 points (0.74%) to 5,525.2, and the Nasdaq Composite Index jumped 216.9 points (1.26%) to close at 17,382.9.

President Trump said in an interview with the Times that he expects to conclude negotiations to lower tariffs with U.S. trade partners within 3 to 4 weeks.

However, after this remark, he told reporters on Air Force One that regarding negotiations with China, "I will not withdraw tariffs unless China gives us something." After Trump's remarks, the New York stock market reduced its gains, but the market generally reacted that the worst uncertainty had passed.

Jay Hatfield, founder and chief investment officer of InfraCap, said, "The confusion over whether negotiations with China are actually underway is injecting some vitality into the market," and "Our view is that the dissatisfaction with tariffs has reached its peak, so it is more likely to be positive than negative."

Looking at individual stocks, U.S. electric vehicles, including Tesla, rallied as the U.S. Department of Transportation announced it would significantly ease regulations related to autonomous vehicles (robotaxis).

Transportation Secretary Sean Duffy announced the regulatory easing policy, saying, "The current administration understands well that we are competing with China." The National Highway Traffic Safety Administration (NHTSA) also issued a statement saying, "We will apply the same exemption to U.S. vehicles as we do for foreign robotaxis in some review procedures."

As a result, Tesla surged 9.8%, Rivian jumped 4.38%, and Lucid rose 2.04%. Nvidia also rose 4.3%, and Alphabet, Google's parent company, recorded an increase of more than 1%.

On the other hand, Intel fell 6.7% as the delay in performance recovery continued in the first quarter. T-Mobile, whose first-quarter wireless subscriber numbers fell short of Wall Street expectations, also fell more than 11%.

Seulkee Lee, Hankyung.com reporter seulkee@hankyung.com