U.S. stocks rose on May 2, driven by strong job growth data and the potential easing of U.S.-China trade tensions. The economy added 177,000 jobs in April, surpassing expectations, while unemployment held steady at 4.2%. Despite a recent contraction in GDP, the market reacted positively to trade talk developments and strong earnings from major tech companies like Meta and Nvidia.
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Daily Market Snapshot: May 01, 2025
U.S. stocks extended their gains on Thursday, driven by strong earnings from Microsoft and Meta, which eased concerns about artificial intelligence spending and trade disruptions. The Dow and S&P 500 posted their eighth consecutive day of gains, with tech stocks leading the rally. However, mixed economic data, including a rise in jobless claims and a contraction in U.S. manufacturing, raised some caution for investors.
Daily Market Snapshot: April 30, 2025
U.S. stocks closed higher on Wednesday after a late rally, despite a 0.3% contraction in GDP for the first quarter. Consumer spending surged in March, topping expectations, while labor market data showed weaker-than-expected job growth. As trade tensions and economic uncertainty continue, investors remain cautious, but the market showed resilience as key tech stocks like Meta and Microsoft reported strong earnings.
Daily Market Snapshot: April 29, 2025
U.S. stocks climbed higher on Tuesday, driven by strong earnings reports and hopes for progress in trade talks. While the Dow led the charge with a 0.75% gain, concerns about a potential global recession and trade tensions weighed on oil and gold prices. As political and economic developments unfold, investors remain cautious but optimistic, keeping an eye on upcoming reports for further direction.
Daily Market Snapshot: April 07, 2025
The U.S. stock market closed lower on Monday as rising concerns about an economic slowdown, inflation, and President Trump’s firm stance on tariffs impacted investor sentiment. The Dow and S&P 500 both experienced a wild trading session, while Nvidia showed resilience amidst growing AI demand. Investors are now awaiting key economic data and signs of potential recession risks.