Stocks

Wall Street Review: IPOs and Tariff Relief Cause Stocks to Roar Back

Bargain hunting, hopes for interest rate cuts, relief over the expiration of the tariff deadline, and positive corporate headlines buoyed market bulls.
Wall Street Review: IPOs and Tariff Relief Cause Stocks to Roar Back
Traders work on the floor of the New York Stock Exchange on Aug. 7, 2025. Timothy A Clary/AFP via Getty Images
Panos Mourdoukoutas
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U.S. stocks roared back after retreating for a week. The S&P 500 Index edged closer to a record closing this week, while the Nasdaq hit a new high, driven by bargain hunting, hopes for interest rate cuts following last week’s weak labor market data, and relief over the expiration of the tariff deadline.

Meanwhile, positive corporate headlines and a couple of Initial Public Offerings (IPOs) kept traders and investors excited throughout the week.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”