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U.S. stocks are nearing record highs again after a furious rally — ‘this market could surprise everyone’

FortuneSaturday, May 17, 2025 at 5:35:45 PM
U.S. stocks are nearing record highs again after a furious rally — ‘this market could surprise everyone’
** U.S. stocks are clawing their way back toward record highs after a wild ride, with the S&P 500 just 3% shy of its February peak. That earlier high was shattered when Trump’s trade war kicked off with tariffs on Canada and Mexico, sparking months of volatility. Now, despite lingering trade tensions, investors seem to be betting on a rebound—or at least hoping the market has more surprises up its sleeve.
Editor’s Note: ** Markets have a short memory. Even after trade wars and economic jitters sent stocks reeling earlier this year, optimism is creeping back in. Whether this rally holds depends on a lot of unknowns—trade deals, corporate earnings, global growth—but for now, Wall Street’s showing some unexpected resilience. If you’re an investor, buckle up; if you’re just watching, it’s another reminder of how quickly financial moods can shift.
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