Fri, May 2, 2025
Thu, May 1, 2025
Wed, April 30, 2025

Stock Market Today: Stocks Rally Back Before Mag 7 Earnings


  Copy link into your clipboard //stocks-investing.news-articles.net/content/202 .. day-stocks-rally-back-before-mag-7-earnings.html
  Print publication without navigation Published in Stocks and Investing on by Kiplinger
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source

  An unexpected contraction in the U.S. economy and dismal jobs data arrived ahead of earnings from some of Wall Street's biggest names.

The stock market experienced a significant recovery on Monday, with the S&P 500 gaining 0.9% and the Nasdaq Composite rising 1.2%, driven by a rebound in tech stocks ahead of earnings reports from major tech companies like Microsoft, Alphabet, Meta Platforms, and Tesla. The Dow Jones Industrial Average also saw a 0.6% increase. This rally was influenced by a decrease in Treasury yields, with the 10-year Treasury yield dropping to 4.26% from a peak of 5% in October, which helped boost investor confidence. Additionally, positive developments in the housing sector, with homebuilder sentiment reaching its highest level since August 2023, contributed to the market's upward momentum. Investors are now eagerly awaiting the earnings reports from the "Magnificent Seven" tech giants, which are expected to provide further insights into the market's direction.

Read the Full Kiplinger Article at:
[ https://www.msn.com/en-us/money/markets/stock-market-today-stocks-rally-back-before-mag-7-earnings/ar-AA1DXkv1 ]

Publication Contributing Sources