Stocks Climb on Hopes of US Trade Deals

From NASDAQ: 2025-04-28 11:50:00

Stock indexes rose today on hopes of US trade deals with key partners, with the S&P 500 up +0.44%, Dow Jones up +0.71%, and Nasdaq 100 up +0.25%. Futures for S&P and Nasdaq also climbed. The US focuses on bilateral trade deals with 17 partners, excluding China. Tech giants like Microsoft, Meta Platforms, Amazon, and Apple to report earnings this week.

Higher T-note yields and Nvidia’s -2% drop due to Huawei’s AI processor test weighed on stocks. Market eyes US tariffs, consumer confidence, GDP, earnings, and Fed meeting. Q1 earnings growth forecasted at +6.7% for S&P 500. Euro Stoxx 50 and Nikkei Stock 225 rose, Shanghai Composite fell. ECB may cut rates due to trade war impact.

Boeing, Zscaler, CG Oncology, ON Holding, and LyondellBasell Industries NV led stock gainers. Jack in the Box, Revvity, and Eli Lilly also saw positive movements. Nvidia, Marvell Technology, ARM Holdings, ASML Holding NV, Micron Technology, Broadcom, Applied Materials, and Advanced Micro Devices declined.

Domino’s Pizza reported weaker revenue, while Roper Technologies forecasted lower EPS. Earnings reports expected from Alexandria Real Estate, Brown & Brown Inc, Cadence Design Systems, Cincinnati Financial Corp, Nucor Corp, and more. No positions in mentioned securities. Market outlook remains cautious amid trade uncertainty.



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