The SPDR S&P 500 ETF Trust (SPY) experienced notable gains over the course of April 22, 2025. The ETF rose by 1.0% during regular trading hours and extended its gains to 1.4% in after-hours trading. Overall, SPY closed the day with a 4.4% increase. This market movement followed comments from former President Donald Trump, who stated that he has no intention of firing Federal Reserve Chair Jerome Powell. The remarks appear to have influenced investor sentiment positively, contributing to the upward momentum in SPY.