From Investing.com: 2025-05-02 09:33:00

The S&P 500 rose 0.63% on Thursday following strong earnings from Microsoft and Meta, despite concerns about a possible recession due to recent trade policy changes. Improved job data with Nonfarm Payrolls at +177,000 boosted market sentiment. The index is expected to open 0.7% higher, despite a pullback in Amazon and Apple stocks post-earnings.

The Nasdaq 100 approached the 20,000 level, closing 1.10% higher yesterday. It is expected to open 0.8% higher today, but a decline in Apple stock may impact the tech sector. The VIX, a measure of market volatility, stabilized at lower levels, indicating growing investor confidence.

S&P 500 futures are rallying after earnings, with resistance at 5,700 and support at 5,600. Positive factors like corporate earnings, U.S.-China trade relations, and strong jobs data are expected to drive further market gains. Despite recent positive catalysts, uncertainty remains about whether this is a new uptrend or a correction within a downtrend.



Read more at Investing.com: S&P 500: Bulls Push On Despite Weak Macro Signals