Big Tech stocks rose in Friday trading. SMCI up 8%; Tesla, Alphabet, AMD rose 2%; Micron, Netflix, Nvidia up 1%.

Wall Street’s hopes that the world’s largest economy will be able to dodge a recession are sending stocks to one of their best weeks so far in 2025, with the S&P 500 rising for a fifth straight session ahead of a key reading on consumer sentiment.

After wiping out this year’s losses, US equities kept gaining as trade tensions cooled and signs that inflation remains relatively subdued emerged. That’s bolstered the risk-on tone that has some market pros positioning for the American equity benchmark to eclipse its February record in coming months, after approaching a bear market just weeks ago. The index rose 0.1% Friday and was up 4.5% for the week.

President Donald Trump said he would set tariff rates for US trading partners “over the next two to three weeks,” saying his administration lacks the capacity to negotiate deals with all of its trading partners. The US president asserted there are “150 countries that want to make a deal.” He didn’t say how many, or which, nations would receive letters.

US equities had fallen out of favor amid Trump’s attempts to shake up global trade earlier this year. They’ve since recovered most of their losses and there are signs that investors are returning. Fund managers added around $20 billion to US stock funds in the past week, the first inflow to the region in more than a month, according to EPFR Global data cited by Bank of America Corp.