Passed week of Wall Street historic due to the rise and fall of the American stock market amid the tariff war

New Delhi| The US stock market surged on Friday amid fears of a tariff war. However, the falling value of the US dollar and financial market fluctuations have indicated that there is an atmosphere of fear in the market due to the possible tariff war between the US and China. The S&P 500 recorded a jump of 1.8 percent. While the Dow Jones Industrial Average began a 340-point decline to an 810-point gain and then closed at 619 points, or a 1.6 percent increase.

Whereas Nasdaq Composite recorded a jump of 2.1 percent. The S&P 500 overall on Friday, up 95.31 points to 5,363.36. The Dow Jones Industrial Average climbed 619.05 to 40,212.71, and the Nasdaq Composite climbed 337.14 to 16,724.46. It is believed that the reason for the rise in shares is some pressure from the US bond market. Returns on the 10-year Treasury went above 4.58 percent in the morning, up from 4.01 percent a week earlier. By midday, however, it was back at 4.48 percent. Such a surge could increase the rates of mortgage and other loans given to homes and businesses in the US. This will slow down the pace of the American economy.

Market experts are fearing that due to the ongoing tariff war between America and China, investors from outside America may sell their US bonds. They can do this to cover hedge funds and other losses. Due to this, question marks are also being raised on the reputation of the American market, which is considered the safest market in the world. On Friday, prices of the US dollar fell against the euro, Japanese yen and Canadian dollar. The trade war has left American consumers suspicious and could affect their spending. This can be harmful for the American economy.