From Zacks Investment Research: 2025-05-07 20:00:00

The markets closed higher today, with the Dow gaining +284 points, the S&P 500 up +0.43%, Nasdaq up +0.27%, and the Russell 2000 up +0.33%. The Fed kept interest rates steady between 4.25-4.50%, citing increased risks to lower inflation and full employment. Fed Chair Powell expressed concerns about global trade policy and uncertainty around new trade deals. In earnings news, AppLovin beat expectations with $1.67 EPS and $1.48 billion in revenue, Skyworks Solutions also beat estimates, Carvana doubled earnings expectations, and MercadoLibre saw a +17% increase in GMV.



Read more at Zacks Investment Research: Fed Keeps Rates Unchanged at 4.25-4.50%; Market Close Higher – May 7, 2025