U.S. stocks advanced on May 7 after a late rally in semiconductor stocks, sparked by news that regulations on artificial intelligence chips would be loosened. While the Federal Reserve’s decision to hold interest rates steady caused initial uncertainty, the chipmaker surge helped boost investor sentiment. The Fed’s caution about rising inflation and unemployment continues to weigh on the market, but optimism remains around potential rate cuts and trade talks.
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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.