• "US Stocks Surge on Trade Agreement Hopes: Dow Jumps 300 Points"

  • Apr 29 2025
  • Duración: 3 m
  • Podcast

"US Stocks Surge on Trade Agreement Hopes: Dow Jumps 300 Points"

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  • Resumen

  • On April 29, 2025, the US stock market saw significant gains, particularly driven by hopes of a impending trade agreement. The Dow Jones Industrial Average jumped by 300.03 points, or 0.75 percent, marking its sixth consecutive day of gains. The S&P 500 index rose by 0.58 percent, and the Nasdaq Composite increased by 0.55 percent.

    The key factor driving today's market direction was a statement by Commerce Secretary Howard Lutnick, who indicated that a major trade agreement was nearly finalized, although he did not specify the country involved. This news sparked a late rally in the markets, which had otherwise traded flat for much of the day.

    In terms of sector performance, trade-sensitive stocks such as General Motors and Apple recovered from earlier losses following Lutnick's comments. However, General Motors still faced challenges, as it suspended share buybacks and reassessed its future guidance due to tariff-related uncertainties. Notable gainers included Honeywell and Sherwin-Williams, with their shares rising more than 4 percent in premarket trading. Coca-Cola and United Parcel Service also saw gains, with increases of 1 percent and 2 percent, respectively. On the other hand, Regeneron Pharmaceuticals and Spotify were among the biggest losers, with declines of 7 percent and 5 percent, respectively.

    The most actively traded stocks included those of major companies like General Motors, Honeywell, and Sherwin-Williams, which were influenced by earnings reports and the potential impact of tariffs.

    Significant market-moving news included the White House's stance on tariffs, which continues to be a point of concern for investors. Economic data releases showed US consumer confidence falling to an almost five-year low in April, and job openings tumbling, which led to a drop in bond yields and bolstered speculation of potential interest rate cuts by the Federal Reserve.

    Looking forward, pre-market futures indicated mixed sentiment, with Dow Jones futures up by 0.4 percent, while S&P 500 and Nasdaq futures were slightly down. Key events to watch for tomorrow include further developments on the trade agreement and earnings releases from companies like Starbucks and Visa. Potential market catalysts include any updates on the Trump administration's tariff plans and the reaction of global markets to these developments.
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