The S&P 500 Index ($ SPX) (SPY) turned off 1.67%on Wednesday, Dow Jones Industries Index ($ Dowi) (Dia) closed +1.07%, and NASDAQ 100 Index ($ IUXX) (QQQ) closed +2.28%. The June e-Mini S&P Fuchors (ESM25) is +1.70%, and June e-mine Nasdaq Futures (NQM25) +2.35%above.
On Wednesday, the stock index held a rally for the second season, in which S&P 500 posted a 2-week height and Nasdaq 100 at a height of 1-week. The stock rose in the hope of better American-China trade relations after President Trump, when President Trump said that he was planning to be “very good” for China in any talks and if both countries can reach the trade deal, the tariffs will fall. President Trump said late Tuesday night that he had no intention of fed chair Powell, no intention of increasing confidence in the dollar and reducing the possibilities that foreign investors would limited their dollar holdings with stock and treasury.
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However, the stocks returned from their best levels on Wednesday, as the comments by Treasury Secretary Besant reduced the expectations of a adjacent trade deal with China when they said the US did not offer to cut tariffs on China on a unilateral basis.
The US new home sales and manufacturing were supporters of Wednesday’s Better Economic Report Stock on PMI.
The fed beige was neutral to the book shares as it was said that the US economic activity had changed before the report before April 14, in which the employment in most districts changed slightly and the price increases from moderately to moderate.
The US MBA mortgage application fell in the week ended on April 18, with procurement mortgage sub -cosmus -6.6% and re -refinte sub -cosmus -20.0% below. The average 30-year fixed rate hostage increased from 6.81% to +9 bp to 6.90% in the east week.
Us Apr S & P construction PMI unexpectedly increased +0.5 to 50.7, which is stronger than expectations of 49.0 decline.
Sales of US March New Home increased by 724,000 to 724,000 high levels of 724,000, stronger than expectations of 685,000.
Comments from Fed Governor Kugler on Tuesday evening were negative for shares when he said that tariffs would probably put pressure on prices and would have a greater economic impact than earlier expected. She also said that she supports keeping interest rates stable until the inflation risk is eliminated.
Bitcoin (^Btcusd) increased to a high level of more than 2% to a high level of 7-week to a store of value for cryptocurrency for demand for 3 years less bolt in this week’s dollar. In addition, global trade upheaval has promoted safe demand for cryptocurrency.
After the May 6-7 FOMC meeting, the market is giving exemption to 8% possibility for cuts in 25 bp rates.
This week’s market attention will be on Q1 Corporate Income Results and any change in American trade policies. The Fed Beige Book will be released later today. On Thursday, March Capital Goods brings new orders Nondifence X-Aircraft and Parts Report (expected +0.1% meter/m). In addition, March on Thursday is expected to fall from the sale of the current home to 4.14 million. On Friday, Michigan brings the revised university of the April Consumer Affairs Index (no change is expected at 50.8).
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. 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 markets became mixed on Wednesday. Euro Stoxx 50 climbed 2–1/2 weeks high and stopped +2.77%. China’s Shanghai Composite -0.10%shut down. Nikkei Stock 225 of Japan reached a high level of 3-week +1.89%.
Interest rates
June 10-year-old T-notes (ZNM25) closed on Wednesday-3.5 ticks. The yield of 10-year-old T-Note fell to 4.381%. June T-Nots gave an initial advance on Wednesday and posted a minor loss. On Wednesday, more and more US economic reports were weighed on T-Rots, more and more than the US economic reports on new home sales and manufacturing PMI. In addition, an increase in the expectations of inflation is a recession for T-notes on Wednesday after a 10-year breachwane inflation rate.
On Wednesday, T-Nots initially President Trump said late Tuesday night that Fed Chair Powell had no intention of firing, to reduce concerns over Fed’s freedom, which could reduce foreign sales of dollars property, including Treasury. The decent demand for a $ 70 billion of the Treasury’s 5-year-old T-notes also supported T-Note prices as the auction had a bid-to-cover ratio of 2.41 above a 10-averse average of 2.41.
On Wednesday, the yield of European government bonds increased. The 10 -year -old German Bund yield increased +5.4 bp to 2.497%. The 10-year-old UK gilt yielded from 4.469% from the bottom of 2-week to 4.469% and finished +0.7 BP to 4.552%.
Eurozone Apr S & P Manufacturing PMI increased unexpectedly +0.1 to a high level of 2–1/4 years of high 48.7, stronger than expectations of a decline of 47.4. However, April S&P fell from the overall PMI -0.8 to 50.1, weakened by the expectations of 50.2.
Nagel, a member of the ECB Governing Council and president of the Bundesbank, stated that Europe is “in a stable position” with “the risk of recession to Germany” due to “a steady position”.
“There is currently no inflation risk in Europe, and therefore, both appropriate and appropriate that the ECB has started cutting interest rates this year before the Federal Reserve and Bank of England,” said Wilroy de Galaha, a member of the ECB Governing Council.
In the June 5 policy meeting, the ECB is giving exemption to the possibility of 86% for cutting -25 BP rate cuts.
US Stock Movers
Brilliant seven shares ralled on Wednesday and supported the profit in broad market. Tesla (TSLA) +closed more than 5%, and the meta platform (meta) and amazon.com (AMZN) +closed more than 4%. In addition, Nvidia (NVDA) +closed more than 3%, and Apple (AAPL) and the alphabet (Googl) +closed more than 2%. In addition, Microsoft (MSFT) +closed more than 1%.
President Trump said that if the two countries could reach the trade deal, President Trump said that after demolishing China’s tariff, chip stock increased on Wednesday to reduce US-China trade tension. As a result, Marvell Technology (MRVL) +closed more than 6%, and LAM Research (LRCX) +closed more than 5%. In addition, advanced micro devices (AMDs), ARM holdings PLC (ARM), Microchip Technology (MCHP), and Globalfoundry (GFS) +closed over 4%. In addition, Micron Technology (MU), Semiconductor (ON), KLA CORP (KLAC), Applied Materials (AMAT), NXP semiconductors NV (NXPI), and Texas Instruments (TXN) +turned off more than 3%.
Cryptocurrency-linked stock increased on Wednesday after the price of bitcoin increased at a high level of more than +2% 7-week. The riot platform (riot) +6%closed, and the coinbase global (coin) +closed more than 3%. In addition, Microstrate (MStR) and Mara Holdings (Mara) +closed more than 1%.
Emphenol Corp (APH) S&P 500 closed more than +8% to lead the gainers, which was stronger than a consensus of $ 4.25 billion, after reporting a $ 4.80 billion Q1 Pure sales of $ 4.80 billion.
Boeing (BA) shut down more than +6% to lead the beneficiaries in Dow Jones Industrial after reporting a $ 19.50 billion revenue, which was better than a consensus of $ 19.37 billion.
Boston Scientific (BSX) closed more than +4% after increasing its entire year net sales forecast +15% to +17% to +12.5% to +14.5% to +14.5%.
Working Holdings (VRT) forecast its entire year net sales to more than $ 9.58 billion from $ 9.33 billion- $ 9.58 billion to $ 9.13 billion- $ 9.28 billion, above $ 9.58 billion, above $ 9.20 billion to unanimously.
Intel (INTC) +more than 6% +6% closed after reported to deduct more than 20% of its employees to streamline the operation of Bloomberg.
Philip Morris (PM) stopped more than +3% after reporting the $ 1.69 unanimously adjusted EPS, and its full-year-year-old EPS forecasts increased to $ 7.36- $ 7.49 to $ 7.04- $ 7.17, better than $ 7.23.
After reporting the earnings of Lenox International (LII) Q1, more than -8% closed, which missed the high end of the analyst’s expectations and said high prices would compensate for low volumes.
After reporting the $ 6.43 billion Revenue of $ 6.43 billion, Baker Hughes (BKR) shut down more than 6% to lead losing in NASDAQ 100, which unanimously weakened $ 6.49 billion and a forecast of Q2 revenue of $ 7.00 billion of $ 6.30 billion, $ 6.30 billion.
OTIS Worldwide (OTIS) $ 3.37 billion below $ 3.35 billion Q1 closed over -6% after reporting a net sales of $ 3.35 billion.
Anglogold Ashanty PLC (AU) closed more than -5% to lead the gold mining stock as the price of gold declined by more than -3%. In addition, Pneument (NEM) -2%closed.
Bristol -Mayers Squib (BMY) closed over -2% after his drug, cobenfi, a treatment for schizophrenia, missed his primary target in a test test whether it could improve symptoms in patients who were not responding enough to chronic drugs.
CHubb Ltd (CB) below $ 13.03 billion below consensus, after reporting a $ 12.65 billion Q1 NET premium, closed more than -2%.
The CM Group (CM) was closed to more than -1% after reporting Q1 Revenue of $ 1.60 billion, which was weak by a consensus of $ 1.65 billion.
Earning Report (4/24/2025)
Alegian PLC (ALA), Alphabet Inc. (Gogal), American Financial Inc. (AMP), Bristol-Myers Squib CO (BMY), CBRE Group Inc. (CBRE), Centerpoint Energy 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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