U.S. Treasury Secretary Janet Yellen praised the fastest rebound in U.S. stocks in history, quickly recovering 15% of the decline

Local time on Friday, U.S. Treasury Secretary Becerra praised the U.S. stock market for its fastest rebound in history, quickly recovering 15% of its decline.

On Friday morning, U.S. stocks continued to rise across the board:

• The S&P 500 index maintained a gain of over 0.5%, reaching 6177.92 points at one point, after falling to 4835.04 points on April 7 and has been rebounding since then. The Dow Jones Industrial Average rose 0.69%, approaching 44000 points, after previously dropping to 36611.78 points on April 7. The Nasdaq rose 0.57%, reaching 20299.72 points at one point, after falling to 14784.03 points on April 7.
• The index of the seven major U.S. tech stocks rebounded above 172 points, moving away from the low of 122.15 points reached on April 7.
• The "Trump Tariff Losers Index" has recently hovered around the 98-point mark, having dropped to 72.49 points on April 8.

In early April this year, when Trump's tariff policy triggered a sharp decline in U.S. stocks, Becerra downplayed the drop in the U.S. stock market, calling it a short-term reaction. "People have a long-term perspective; the stock market is considered a good investment because it is a long-term investment. If you look at it day by day, week by week, the risks are very high. In the long run, it is a great investment."

Becerra's view is that there is no reason to expect Trump's tariffs to lead to a recession in the U.S. economy.

Previously, U.S. President Trump stated that Becerra understands the market, and once Becerra appears on television, everything goes up