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The Three Major U.S. Stock Indexes Closed Mixed, With The Dow Jones Industrial Average Down 0.16%, The Nasdaq Composite Up 1.63%, And The S&P 500 Up 0.80%. Large-cap Tech Stocks Rose Across The Board, With Intel Up Over 23%, AMD Up Over 13%, SanDisk Up Over 6%, NVIDIA Up Over 4%, Amazon Up Over 3%, Meta And Microsoft Up Over 2%, And Google Up Over 1%
The Dow Jones Industrial Average Closed Down 79.61 Points, Or 0.16%, At 49,230.71 On Friday, April 24; The S&P 500 Rose 56.68 Points, Or 0.80%, To 7,165.08 On Friday, April 24; And The Nasdaq Composite Rose 398.09 Points, Or 1.63%, To 24,836.60 On Friday, April 24
According To The U.S. Commodity Futures Trading Commission (CFTC), As Of The Week Ending April 21, Speculative Net Long Positions In COMEX Copper Futures Increased By 6,995 Contracts To 59,132 Contracts
According To The U.S. Commodity Futures Trading Commission (CFTC), As Of The Week Ending April 21, Speculative Net Long Positions In COMEX Silver Futures Decreased By 2,184 Contracts To 8,863 Contracts
According To The U.S. Commodity Futures Trading Commission (CFTC), As Of The Week Ending April 21, Speculative Net Long Positions In COMEX Gold Futures Decreased By 3,354 Contracts To 95,498 Contracts
According To The U.S. Commodity Futures Trading Commission (CFTC), As Of The Week Ending April 21, Net Short Positions In Natural Gas Futures On The NYMEX And ICE Markets Increased By 9,557 Contracts To 22,734 Contracts
According To The U.S. Commodity Futures Trading Commission (CFTC), As Of The Week Ending April 21, Speculative Net Long Positions In WTI Crude Oil Futures Increased By 5,332 Contracts To 111,915 Contracts
According To Saudi Arabia's Al-Hadath TV: Pakistan Will Work With Iranian Foreign Minister Araghchi In The Next Few Hours To Prioritize Resolving The Hormuz Crisis
According To A Reporter From Iranian State Television, Iranian Foreign Minister Arazi Arazi Has Not Scheduled A Meeting With The United States In Islamabad, But Pakistan Can Convey Iran's Concern About Ending The Conflict
United Nations Welcomes Three-Week Extension Of Lebanon-Israel Ceasefire, Urges All Sides To Fully Adhere To Ceasefire Arrangements
According To Iran's Tasnim News Agency: Iran Has Not Yet Decided To Enter Into Negotiations With The United States

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Trump defends tariffs, hinting at escalation, as the Supreme Court weighs the legality of his trade strategy.

U.S. President Donald Trump issued a warning on Thursday that tariffs on trading partners could become "much steeper," even as he claimed his administration has been "very nice" in its implementation of the policy so far.
The remarks were made during a White House Cabinet meeting, highlighting the administration's firm stance on trade amid a high-stakes legal review.
"The tariffs are very ... you know ... steep. They could be much steeper," Trump said. "We've been actually very nice about it, but even being nice about it, we've taken in hundreds of billions of dollars."
The president reiterated his long-held argument that tariffs have generated "tremendous" national security and strength for the United States.
He also directed criticism at those challenging the policy, labeling them "China-centric."
"These are people that are China (centric), but they are also outside of the United States," Trump stated. "These are countries that have ripped us off for years and years, charging us tariffs."
Trump's defense of his tariff strategy comes as the U.S. Supreme Court deliberates the legality of specific tariffs imposed under the 1977 International Emergency Economic Powers Act (IEEPA). The court is expected to issue a ruling on these country-specific measures in the coming months.
A ruling against the administration could trigger calls for significant tariff refunds. However, the administration is widely expected to seek legal workarounds or alternative measures to maintain its tariff framework.
It is important to note that the court's review does not affect all of Trump's tariffs, such as the sector-wide duties imposed on autos and other items.
The administration has consistently framed its use of tariffs as a strategic tool to reshape the U.S. economy. The primary stated objectives include:
• Reducing the U.S. trade deficit.
• Increasing federal revenue.
• Boosting foreign investment and domestic manufacturing.
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