From Nasdaq: 2025-05-02 12:49:00

Stock indexes are up today, with S&P 500, Dow Jones, and Nasdaq 100 all posting gains. Possible US-China trade talks are boosting markets. US Apr nonfarm payrolls beat expectations, while wage growth was lower than expected. Tech giants like Apple and Amazon are seeing losses due to various factors.

The likelihood of a rate cut is at 3%. Q1 earnings for S&P 500 companies are expected to grow by 6.7%. Overseas markets are up, with Euro Stoxx 50 and Japan’s Nikkei Stock 225 at highs. 10-year T-notes are down due to strong US jobs data and potential US-China trade talks.

European bond yields are mixed. Eurozone economic indicators show growth. Swaps predict a rate cut by the ECB. Chip stocks are boosting the market, while travel stocks rise on strong US economic data. Dexcom, Exact Sciences, and Duolingo are leading gainers.

Chinese stocks rise on trade talk prospects, while Apple and Amazon face losses. Block and Motorola Solutions see significant declines. Take-Two Interactive and Atlassian slump. Airbnb forecasts lower revenue. Various companies report earnings today. The author does not hold positions in mentioned securities.



Read more at Nasdaq: Stocks Climb on Possible US-China Trade Talks and a Resilient US Labor Market