From Nasdaq: 2025-04-23 11:51:00

Stock indexes are up today, with the S&P 500, Dow Jones, and Nasdaq all showing gains. President Trump’s comments have boosted confidence in the dollar and trade relations with China, leading to a positive market sentiment.

US MBA mortgage applications fell, with the average 30-year fixed rate mortgage rising slightly. Fed Governor Kugler’s remarks on tariffs had a negative impact on stocks.

Bitcoin is up at a 7-week high due to a weaker dollar and global trade turmoil, increasing demand for cryptocurrencies as a safe-haven asset.

Market focus this week is on Q1 earnings and US trade policies. Overseas markets are mixed, with the Euro Stoxx 50 up, China’s Shanghai Composite down, and Japan’s Nikkei up.

Interest rates are moving higher today, with T-note prices impacted by inflation expectations and supply pressures. The ECB is expected to cut rates at the June meeting.

European government bond yields are mixed, with the Eurozone manufacturing PMI unexpectedly rising. ECB member Nagel warns of a risk of recession for Germany due to US tariffs.

US stock movers include Amazon, Meta Platforms, Nvidia, and Tesla leading the gains. Chip stocks are soaring on easing US-China trade tensions.

Cryptocurrency-linked stocks are up after Bitcoin’s price increase. Amphenol Corp, Boeing, and Boston Scientific are among the top gainers.

Intel plans staff cuts, boosting its stock price. Phillip Morris reports strong Q1 earnings and raises its full-year forecast.

Lennox International, Bristol-Myers Squibb, and Chubb Ltd are among the top losers. Earnings reports for 4/23 include a wide range of companies across various sectors.



Read more at Nasdaq: Stocks Surge as Rhetoric on Firing Powell Eases and China Trade Tensions Improve