From Yahoo Finance: 2025-05-02 16:33:00

Global and U.S. stocks closed with gains up to 3%, the dollar advanced, and Treasury yields rose. U.S. economy shrank in Q1, potentially halfway to a technical recession. Euro zone GDP figures positive, and non-farm payrolls report eases concerns about trade war impact on U.S. labor market. Many leading global firms cut forecasts due to tariff uncertainty. Bank of Japan lowers growth outlook and inflation forecasts. Despite trade uncertainty, companies are not laying off workers or raising prices. Belief grows that Trump is backing away from tariff threats and nearing bilateral trade deals. Risks to growth and markets ahead, potential for “cliff-edge type of adjustment.” Consumer sentiment down, inflation expectations up, stagflation looming, suggesting choppy waters ahead for markets.



Read more at Yahoo Finance: Trading Day: Resilience trumps uncertainty