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Key Takeaways
- The S&P 500 added 0.7% on Friday, April 25, 2025, as China reportedly considered suspending tariffs on some U.S. goods, and tech stocks extended their rally.
- Charter Communications shares rose as the company exceeded its expectations for adding mobile phone lines.
- T-Mobile's postpaid subscriber growth failed to match forecasts, and its shares tumbled.
In the final session of the trading week, major U.S. equity indices rose following reports that China was evaluating a potential pause in tariffs on certain U.S. products. Meanwhile, President Trump stated that tariffs on Chinese imports would remain in place until the U.S. received concessions from their major trading partner.
The S&P 500 advanced 0.7%, extending its winning streak to four consecutive sessions, while another strong trading day for the tech sector helped lift the Nasdaq 1.3%. After fluctuating throughout the entire day, the Dow finished with a gain of less than 0.1 percent.
Shares of cable, internet, and telephone services provider Charter Communications (CHTR) surged 11.4%, logging the S&P 500’s top daily performance. Charter’s first-quarter earnings report was released on Friday morning. The company reported higher revenues than expected, but earnings per share (EPS), which were slightly below expectations. The company also exceeded expectations for mobile phone lines added and lost fewer subscribers than expected, citing the benefits of streamlined pricing and packaging video services.
Tesla (TSLA), shares jumped by 9.8% after Trump announced that he would relax regulations on autonomous cars in the U.S. to help American firms compete with their Chinese rivals. Friday ended the best week of Tesla stock since last November. The stock has increased in every session since Tuesday, when CEO Elon Musk announced he would reduce his government work to devote more time to Tesla. This overshadowed a disappointing earnings report for the first quarter.
VeriSign’s (VRSN) shares surged 8% after it surpassed its first-quarter revenue and profit expectations. The company also announced an increase in its full-year forecast and a cash dividend. The company’s strong results and optimistic forecast were boosted by an increase in domain name registrations when compared to the previous quarter.
First-quarter EPS posted by Erie Indemnity (ERIE) fell well shy of expectations, and shares of the insurance firm plunged 11.5%, dropping the most of any S&P 500 stock on Friday. Although revenue was slightly higher than forecasts, increased operational costs weighed down on profitability.
T-Mobile US shares (TMUS) fell 11.2%. T-Mobile, despite exceeding consensus forecasts for quarterly sales and profit, reported fewer than expected postpaid wireless subscribers, and the postpaid churn rates ticked up year-over-year. The CEO of T-Mobile also stated that customers may have to pay a higher price for their cell phones as tariffs increase.
Aon, a professional services and insurance provider, missed its quarterly revenue and earnings per share estimates. Shares fell 8%. Aon’s profits were impacted by increasing expenses, such as debt and employee compensation. Interest income also dropped significantly compared to the previous year.
