From Nasdaq: 2025-05-02 12:25:00

Wall Street rebounded this week with strong earnings from tech giants Microsoft and Meta Platforms, boosting AI optimism and chip stocks like Nvidia. Trade tensions with China persist, while economic data remains mixed. All major benchmarks are up for a second-straight weekly win, with the Dow eyeing its longest streak since 2023.

Tech stocks soared after strong earnings reports from Microsoft and Meta Platforms, but Apple slipped on tariff concerns. Amazon.com reversed losses with a top- and bottom-line beat, while Super Micro Computer, McDonald’s, and First Solar struggled. Tariff uncertainty continues to weigh on markets and company forecasts.

Opera and Plug Power are top stocks to watch in May, with strong performances and positive forecasts. Applied Materials and Broadcom historically perform well in May, while IBM shows bullish signals. Investors can expect a busy week with the Federal Reserve meeting, earnings from AMD and Disney, and trading strategies for the month ahead.



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