From Nasdaq: 2024-05-01 12:48:18

US stock indexes were mixed today, with the S&P 500 down -0.20%, Dow Jones up +0.16%, and Nasdaq 100 down -0.40%. Corporate earnings were mixed, with CVS and Starbucks down over -16%. Amazon soared over +2% after strong Q1 results. ADP employment change rose +192,000 in April, indicating market strength. The markets are wary of the Fed’s upcoming announcements on interest rates.

Regionally, the Mar JOLTS job openings in the US fell to a 3-year low, apr ISM manufacturing index dropped to 49.2, and construction spending fell -0.2% m/m. Worldwide, European government bond yields are up, while the Shanghai Composite in China and Euro Stoxx 50 are closed for holidays. The 10-year T-notes are also up.

Stock movers included CVS down over -19% and Starbuck down -16%, but Bio-Techne led gainers in the S&P 500 with over +15% rise. Other gainers included Garmin Ltd up more than +10%, Amazon up over +3%, and Pinterest up more than +19%. Earnings reports for various companies were scheduled for May 1, indicating a busy day.



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