S&P 500 Index (SPY) (SPY) turned off 0.63%on Thursday, Dow Jones Industries Index ($ Dowi) (Dia) +0.21%closed, and NASDAQ 100 Index ($ IUXX) (QQQ) +1.10%. The June e-Mini S&P Fuchors (ESM25) is above +0.64%, and June e-My Mine Nasdaq Futures (NQM25) +is up 0.99%.
Stock index settles on Thursday with S&P500 and Dow Jones Industrial at a high level of 4-week and 5-week height with Nasdaq 100 with a height. The results of positive income from Microsoft and Meta platforms promoted a brilliant seven shares and overall markets on Thursday. Microsoft increased more than +7% after reporting strong-preferred Q3 sales and profit hikes. The Meta platform increased by more than +4% after reporting the sale of better-and-preferred Q1 sales. After the US manufacturing activity, the stock on Thursday raised its profit, which was reduced from the expectation of last month. The markets are waiting for the results of earnings from Amazon.com and Apple after Thursday’s closure.
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The state -run China Central Television on Thursday improved market sentiments, stating that the US had reached China through various channels, seeking to negotiate tariff issues.
The US weekly initial unemployment claims rose +18,000 at a 2 -month high of 241,000, showing a weaker labor market compared to the expectations of 223,000. In addition, the weekly continuous claims increased to 3–1/2 years, showing a weaker labor market compared to the expectations of 1.865 million, to 3–1/2 years of 3–1/2 years of 1.916 million.
The US APR ISM Manufacturing Index -0.3 fell to a 5 -month low of 48.7, although it was stronger than expectations of a major fall by 47.9. The APR ISM prices paid the sub-probability +0.4 to 2-3/4 years high 69.8, although it was less than expected of 73.0.
The US Mar construction expenses unexpectedly -0.5% m/m fall, A +weakened by an increase of 0.2% m/m and the biggest decline in 6 months.
The market focus for the rest of this week will focus on the news of American tariffs and business talks. Friday APR brings nonform payroll (expected +138,000) and APR unemployment rate (unchanged at required 4.2%). In addition, APR is expected to climb an average of an average +0.3% m/m and +3.9% y/y.
After the May 6-7 FOMC meeting, the market is giving exemption to the market 7% possibility for cuts in 25 bp rates.
Q1 Income reporting season is in full swing. According to data compiled by Bloomberg Intelligence, the market agreed to increase the income from the S&P500 shares below +11.1% expectations in early November. So far, out of 303 companies in S&P500 companies that have reported quarterly results, 78% have defeated estimates. Full year 2025 corporate profits for S&P 500 are seen growing +9.4% below the forecast of +12.5% in early January.
Foreign stock market settled more on Thursday. The Euro Stockx 50 and the Shanghai Composite of China were closed for Labor Day holiday. Nikkei Stock 225 of Japan reached 1 month high and closed +1.13%.
Interest rates
June 10-Year T-Rots (Znm25) closed on Thursday-11.5 ticks. The yield of 10-year T-Note +6.7 BP increased to 4.229%. The June T-notes fell from 3–1/2 weeks high on Thursday and decreased, and the 10-year T-Rot yield exceeded 4.120% from 3–1/2 weeks lower and moved higher. The prolonged liquidation pressure on the US APR ISM manufacturing index on Thursday reduced the T-Rot prices on Thursday. In addition, Thursday’s stock rally has curbed the demand for safe havan for T-notes.
T-Nots initially moved to a 3–1/2 weeks high on the support of Carryover from a rally at 10-year UK Gilts. In addition, Thursday’s American news showed weekly unemployed claims at a 2 -month high, which is a dowish factor for Fed policy.
On Thursday, the yield of European government bonds increased. 10 -year -old German Bunds did not trade today, the market in Germany closed for Labor Day holiday. The 10-year-old UK gilt yield rebound from 4.415% from 3–1/2 weeks to 4.415% and ended up to 4.481% to 4.481%.
In the June 5 policy meeting, Swaps are offering discounts at 100% for cutting -25 BP rate cut by ECB.
US Stock Movers
Microsoft (MSFT) shut down more than +7% to lead the beneficiaries in Dow Jones Industrial after reporting Q3 revenue of $ 70.07 billion, which was stronger than a consensus of $ 68.48 billion.
The meta platform (meta) shut down more than +5% after reporting a Q1 sale of $ 42.3 billion, which was better than a consensus of $ 41.4 billion.
After reporting a sales of $ 5.20 billion in Carrier Global (CARR) S&P500, S&P 500 shut down more than +11% to lead the beneficiaries, which was better than a consensus of $ 5.19 billion, and increased the estimate of its full-year sales to $ 22.5 billion to $ 22.0 billion to $ 22.0 billion to $ 22.0 billion.
Quant Services (PWR) stopped more than +9% after reporting 96 cents above 79 cents, and extended its full-year-year-year-old EPS estimate to $ 10.05- $ 10.65 with a previous estimate of $ 9.90- $ 10.50.
Idexx Laboratores (Idxx) is more than +8% to lead gainers in Nasdaq, which reports $ 2.96 Q1 EPS, is better than the unanimous of $ 2.81 and predicts its entire year EPS $ 11.93- $ 113- $ 12.4.43 to $ 11.43 to $ $ 12.74- $ 12.24 from $ 12.24.
The Arista Network (ANET) +closed over 6% to lead the AI-infrastructure shares after an increase in AI spending of meta platforms. In addition, the Applied Digital (APLD) +has closed more than 15%, the vertical holdings (VRT) +closed more than 9%, and the del technologies (del) +closed more than 1%.
CVS Health (CVS) closed more than +4% after reporting the $ 2.25 Q1 EPS, which is above the consensus of $ 1.69, and its full-year-year-year-old EPS forecasts increased from $ 6.00- $ 6.20 to $ 5.75- $ 6.00, with a previous estimate of $ 5.75- $ 6.00, with the help of $ 5.911.
Wayfair (w) $ 2.73 billion Q1 closed over 4% after reporting net revenue, better than a consensus of $ 2.71 billion.
Above $ 976.4 million, above $ 979.3 million, the Reeled Technology (ALGN) +closed over 3% after reporting a net revenue of $ 979.3 million.
Beckton Dicinson & Company (BDX) shut down more than -18% to lead the losers in the S&P500, which cut $ 14.06- $ 14.34 to $ 14.06 to $ 14.06- $ 14.34 from $ 14.30- $ 14.60 to $ 14.06- $ 14.34.
Qualcomm (QCom) Nasdaq 100 closed over -8% to lead loser, which was below $ 10.7 billion, $ 10.7 billion, $ 10.33 billion with consensus of $ 10.33 billion after predicting $ 9.9 billion revenue.
Eli Lily (LLY) closed more than -11% after the previous estimate of its full -year -year -year -old EPS from $ 20.78 to $ 22.28 to $ 22.50 to $ 24.00.
The church and dwight (CHD) shut down more than -7% after reporting a net sale of $ 1.47 billion, which was weak by a consensus of $ 1.51 billion.
Confluent (CFLT) -19% shut down, which was weakened by a consensus of $ 268 million to $ 269 million after predicting the $ 267 million Q2 membership revenue.
Broadcies Financial Services (BR) closed over -5% after reporting Q3 revenue of $ 1.81 billion, which was weak by a consensus of $ 1.86 billion.
Fortiv CORP (FTV) adjusted its full-year EPS forecasts $ 3.80- $ 4.00 to $ 4.00- $ 4.00- $ 4.12, with the previous forecast of $ 3.80- $ 4.00, shut down more than -3% after cutting at $ 3.80- $ 4.00, which was weak by consensus of $ 4.03.
Earning Report (5/2/2025)
AES Corp/The (AES), Apollo Global Management Inc. (APO), CBOE Global Markets Inc. (CBOE), Chevron Corp (CVX), CINGA Group/The (CI), Davita Inc. (DVA), Dupont de Nemors Ink (DD), Etan Cord PLC (ETN), XON Corp (ETN) (MNST), T Rowe Price Group Inc.
On the date of publication, Rich Escpland did not have the positions mentioned in any securities mentioned in this article (either direct or indirectly). All information and data in this article is only for informative purposes. For more information, please see the Barkart Disclosure Policy here.
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