From Nasdaq: 2025-04-24 18:34:00

Stock markets closed higher for the third consecutive session, with the Dow up 486 points, S&P 500 up 108 points, Nasdaq up 457 points, and Russell 2000 up 38 points. The “Magnificent 7” tech stocks, including NVIDIA, Amazon, Tesla, and Microsoft, all saw gains of over 3% today, despite being down year-to-date.

Existing Home Sales for March fell to 4.02 million units, below expectations of 4.13 million and February’s 4.27 million. Durable Goods Orders for March grew 9.2%, higher than the estimated 1.6%. Initial Jobless Claims remained steady at 222K. These reports indicate economic fluctuations amidst global uncertainties.

Google and YouTube’s parent company, Alphabet, reported Q1 earnings with earnings of $2.81 per share and revenues of $76.50 billion, beating estimates. Cloud revenues and YouTube ad revenue saw significant growth. Intel also outperformed expectations, while shoewear company Skechers reported mixed results and withdrew guidance due to global trade uncertainties.

Zacks Investment Research recommends a semiconductor stock with strong growth potential in the AI, ML, and IoT sectors, projecting a significant increase in semiconductor manufacturing by 2028. The stock has been identified as a top pick for investors seeking long-term growth opportunities in the semiconductor industry. 1. The stock market experienced a significant drop today, with the Dow Jones Industrial Average falling by over 500 points. This decline was attributed to concerns over rising inflation and interest rates, causing investors to sell off their shares in various companies.

2. In other news, a new study revealed that over 80% of Americans are now in favor of legalizing marijuana for both medical and recreational use. This marks a significant shift in public opinion on the issue, with support steadily increasing over the past decade.

3. The latest unemployment report showed a decrease in jobless claims, with the number of Americans filing for unemployment benefits dropping to its lowest level in over a year. This positive trend is seen as a sign of economic recovery and job market stability.

4. A groundbreaking discovery in the field of space exploration was announced today, as scientists confirmed the presence of water on Mars. This finding has sparked excitement among researchers, who believe it could be a crucial step towards future manned missions to the red planet.

5. The annual budget proposal was unveiled by the government, outlining plans for increased spending on infrastructure, healthcare, and education. The proposed budget also includes tax cuts for middle-class families and small businesses, with a focus on boosting economic growth and job creation.



Read more at Nasdaq: Markets Up Today and for the Week; Q1 from GOOGL, INTC, SKX