From Nasdaq: 2025-05-02 12:00:00

The S&P 500 has rebounded, on the verge of its longest winning streak since 2004, with three popular ETFs gaining 6% each in the last eight days. Strong tech earnings from Microsoft and Facebook parent Meta Platforms drive optimism, while Amazon and Apple beat earnings but face tariff uncertainties.

The Trump administration hints at softer tariffs, potentially easing trade tensions. China considers trade talks, lifting market sentiment. Yet, weak economic indicators show a 0.3% GDP decline in Q1, shrinking manufacturing activity, and low consumer confidence. A positive April jobs report with 177,000 jobs added offers some encouragement.

While the market shows signs of recovery, uncertainties around trade policies and economic indicators may lead to continued volatility. Investors should remain cautious and stay informed on the latest developments for a well-rounded investment strategy.



Read more at Nasdaq: Can S&P 500 ETFs Continue Their Winning Streak?