The stock market climbed on Friday to cap one of the most volatile weeks on Wall Street brought about by tariff-related developments between US and China.
Overall, S&P 500 was up 1.8% to 5,363, while NASDAQ increased 2.1% to 16,724.
Tweet of the Day
I own Accenture $ACN in my Conservative Portfolio. Sales and profits have been stagnant for a while https://t.co/9Xf8GIdmYK
— David Sharek (@GrowthStockGuy) April 12, 2025
Chart of the Day
Here is the ten-year chart of S&P Global (SPGI) as of March 17, 2025, when the stock was at $494.
S&P Global benefited from the favorable conditions in the stock and bond markets. Last quarter, the company delivered 20% profit growth with revenue up 14%.
SPGI’s Ratings division led operating segment growth with 27% revenue growth, driven by a 54% surge in transaction revenue amid strong refinancing demand and low credit spreads. The company highlighted that in 2024, the billed issuance soared to nearly $4 trillion due to low interest rates and strong debt refinancing activity, especially in collateralized loan obligations. Meanwhile, the Indices segment had 21% revenue growth during the quarter due to higher assets under management.
SPGI is part of our Conservative Growth Portfolio.
