From Zacks Investment Research: 2025-04-30 19:12:00

Stocks closed mixed on Wednesday, with the Dow up 141 points, S&P 500 up 8 points, Nasdaq down 15 points, and Russell 2000 down 9 points. Bond yields settled at 4.16% on the 10-year and 3.61% on 2s. March’s Personal Consumption Expenditures (PCE) remained steady at 0.0% on both headline and core levels. Pending Home Sales for March rose by 6.1%, the highest in 6 months. Meta Platforms (META), Microsoft, and Qualcomm beat earnings expectations for Q1, reporting strong growth in revenues and earnings. Microsoft’s Azure cloud sales grew by 20% in the quarter.



Read more at Zacks Investment Research: Steady PCE, Higher Pending Home Sales, Help Bolster Hump Day Trading – April 30, 2025