Stocks Surge on Powell Support Amidst Tariff Updates and Earnings

U.S. stock markets opened strongly on Wednesday, April 23, 2025, with investors reacting positively to recent tariff news and comments regarding Federal Reserve Chair Jerome Powell from President Donald Trump. The Dow Jones Industrial Average rose by a substantial 2.2%, gaining nearly 900 points, while the S&P 500 jumped by 2.7%. The tech-heavy Nasdaq Composite experienced an even more significant surge, climbing over 3.6%. Earnings reports and overall investor optimism fueled this rally.