U.S. markets rallied on May 8 as investors celebrated the first major trade agreement since the tariff pause, this time with the U.K. From soaring energy stocks to a $10 billion Boeing boost, Wall Street rode a wave of optimism—fueled by easing trade tensions and whispers of AI chip policy changes. But is this rally built to last, or just a sugar high in the stormy sea of global trade?
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Daily Market Snapshot: April 28, 2025
The S&P 500 ended a choppy session nearly unchanged, with megacaps like Nvidia and Amazon dragging the index lower. Investors are closely watching earnings reports from major companies like Apple, Meta, and Amazon, which could provide crucial insights into the impact of trade tariffs on future profits. With geopolitical risks and uncertainties in U.S.-China relations, the market remains volatile as investors await key economic data, including the U.S. payrolls report on Friday.