Wall Street ends higher as investors digest Trump trade comments
By Noel
Randewich and Twesha
Dikshit
Fri October 17, 2025 4:43 PM
It was another herky-jerky day with all the indexes up and down like crazy, but at least they were all mostly in the black all day and closed well above the earlier lows which were near-flat up until about 2 pm when suddenly everything shot up. There were a couple of triggers to the afternoon rally. First, Trump backed off a little on his China rhetoric in regards to the 100% tariff stating that these would not be sustainable or, in other words, if they happen at all it’ll be very short term. Then there were more Q3 from more regional banks that were not nearly as disappointing as yesterday’s, leading analysts to conclude that there was no serious credit crisis looming or, as one expert put it, “There’s a lot more bark than bite on the credit fears.”
And the big banks reports continued to be very good further supporting the view that the credit markets were just fine. Sentiment had changed so much that even yesterday’s losers got a big boost today. The S&P earnings forecast has been hiked once again, today at 9.3% vs yesterday’s 9.2 vs 8.8 a couple weeks ago. The index is up 14% for the year and is trading at 23x earnings, its highest price level in five years. But it’s still very volatile, the VIX swinging from 28.9 this morning to 21.5 at close. Volume came in at 19.6 billion, a little lighter than the 20.7 average.
DJ: 45,952.24 -301.07 NAS: 22,562.54
-107.54 S&P: 6,629.07
-41.99 10/16
DJ: 46,190.61 +238.37 NAS: 22,679.98
+117.44 S&P: 6,664.01 +34.94 10/17
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