• "Tech Titans Propel US Stocks Higher on Strong Earnings"

  • May 1 2025
  • Duración: 3 m
  • Podcast

"Tech Titans Propel US Stocks Higher on Strong Earnings"

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  • On May 1, 2025, the US stock market saw a positive trend, driven largely by strong earnings reports from major technology companies. The Dow Jones Industrial Average rose by 83.60 points, or 0.21 percent, to close at 40,752.96. The S&P 500 advanced by 0.63 percent to finish at 5,604.14, nearing levels last seen before President Donald Trump’s early-April announcement of new tariffs. The Nasdaq Composite led the gains, increasing by 1.52 percent to close at 17,710.74, fully recovering from its losses since April 2.

    The rally was fueled by better-than-expected quarterly results from Meta Platforms and Microsoft. Meta reported earnings per share of $6.43, above estimates of $5.28, with revenue surpassing estimates of $41.4 billion to $42.31 billion. Microsoft's earnings per share stood at $3.46, up from the projected $3.22, while revenue jumped from $68.42 billion to $70.07 billion. These strong earnings soothed market jitters about a potential slowdown in the artificial intelligence sector.

    Shares of Microsoft soared more than 9 percent, while Meta gained nearly 7 percent ahead of the opening bell. Other notable gainers included Nvidia, which rose about 5 percent, and Broadcom, which advanced more than 3 percent. Alphabet and Tesla also saw gains, each increasing by about 1 percent.

    Despite the positive performance, economic data showed that the US economy contracted in the first quarter for the first time in three years, and the April Manufacturing PMI contracted to 48.7, down from 49 in March.

    Looking forward, pre-market futures indicated a strong start to the day, with futures tied to the S&P 500 and Nasdaq up significantly before the opening bell. Key events to watch for tomorrow include further reactions to the earnings reports and any updates on the Trump administration's tariff policies, which continue to inject uncertainty into the market. Important upcoming earnings releases and any significant economic data releases will also be closely monitored as potential market catalysts.
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