From Nasdaq: 2025-04-24 13:02:00

Stock indexes are up today, with S&P 500, Dow Jones, and Nasdaq all showing gains. Megacap tech stocks and chip makers are boosting the market after positive earnings reports. US labor market stability and lower T-note yields are also supporting stocks.

Concerns over the US-China trade war are limiting stock gains, with no quick resolution in sight. Weekly initial unemployment claims in the US are as expected, while continuing claims show a stronger labor market.

Dovish Fed comments are supporting stocks and bonds. Cleveland Fed President hints at a possible rate cut in June, while Fed Governor Waller supports rate cuts if tariffs lead to job losses. Market focus this week is on earnings reports and trade policies.

Overseas stock markets are higher today. Euro Stoxx 50, China’s Shanghai Composite, and Japan’s Nikkei Stock 225 are all up. European government bond yields are lower, with German bund and UK gilt yields down.

Chip stocks, including Nvidia, Tesla, and Amazon, are climbing on better-than-expected earnings. Texas Instruments and Lam Research report strong results, boosting other chipmakers like Marvell Technology and NXP Semiconductors.

Hasbro, ServiceNow, and Allegion Plc are among the top gainers in the S&P 500 after reporting strong earnings. On the flip side, Fiserv, Alaska Air Group, and IBM are among the top losers.

Earnings reports for April 24 include Alphabet Inc, Comcast Corp, Intel Corp, Merck & Co, PepsiCo Inc, Southwest Airlines, and more. Rich Asplund did not have any positions in the mentioned securities.



Read more at Nasdaq: Stocks Rally on Strength in Big Tech and Dovish Fed Speak