Top.Mail.Ru
empty
02.05.2025 01:38 PM
US market: modest but positive move

This image is no longer relevant

S&P 500

Summary for May 2

The US market showed a modest but steady rise.

On Friday, the main US indices closed in positive territory: the Dow Jones rose by 0.2%, the Nasdaq gained 1.5%, and the S&P 500 climbed 0.6%, closing at 5,604, within the 5,150–5,800 trading range.

The stock market started the new month with gains. Major indices reached their daily highs, boosted by momentum from the sharp rebound off the April lows, and a strong response to earnings reports from Microsoft (MSFT +7.6%) and Meta Platforms (META +4.2%).

Friday's advance marked the S&P 500's eighth consecutive positive session, closing above its 50-day moving average (5,592), after finishing near that level the previous day.

Buying interest was also driven by growing optimism surrounding the Trump trade war situation and rising hopes that the Fed may consider cutting the federal funds target range sooner rather than later, given weakening economic data.

Friday morning's economic data unveiled a relatively high level of initial jobless claims and another drop in the ISM Manufacturing Index, which came in below the 50% threshold.

Seven of the S&P 500's sectors closed higher, led by technology (+2.2%), communication services (+1.6%), and consumer discretionary (+1.0%). The healthcare sector underperformed, falling 2.8% after Eli Lilly (LLY –11.7%) lowered its full-year earnings forecast. Qualcomm (QCOM –8.9%) and McDonald's (MCD –1.9%) also declined following disappointing results.

US Treasury yields rose as bond prices fell. The 10-year yield increased by 5 basis points to 4.23%, and the 2-year yield rose by 8 basis points to 3.70%.

Year-to-date performance:

Dow Jones Industrial Average: –4.2%

S&P 500: –4.7%

S&P Midcap 400: –8.3%

Nasdaq Composite: –8.3%

Russell 2000: –11.4%

Key economic data released on Friday:

Weekly Initial Jobless Claims: 241K (consensus: 225K); previous revised to 223K

Continuing Claims: 1.916M (previous revised to 1.833M)

The rise in both initial and continuing claims reinforces concerns about a weakening labor market, increasing the market's expectation that the Fed may lean toward a more accommodative stance.

Final S&P Global US Manufacturing PMI for April: 50.2 points (unchanged from prior)

March Construction Spending: +0.5% (consensus: 0.3%); previous revised from 0.7% to 0.6%

A recovery in housing-related spending offers a positive signal for long-term housing market health.

April ISM Manufacturing Index: 48.7% (consensus: 47.9%); previous: 49.0%

A second consecutive contraction with prices rising sharply again paints a gloomy picture for manufacturing.

Looking ahead to Friday's data (ET):

8:30 AM:

April Nonfarm Payrolls (consensus: 130K; previous: 228K)

Nonfarm Private Payrolls (consensus: 125K; previous: 209K)

Average Hourly Earnings (consensus: 0.3%; previous: 0.3%)

Unemployment Rate (consensus: 4.2%; previous: 4.2%)

Average Workweek (consensus: 34.2; previous: 34.2)

10:00 AM:

March Factory Orders (consensus: 4.1%; previous: 0.6%)

Conclusion:

The market continues to rise. It is advisable to hold onto purchases from lower levels and consider adding positions if the market dips.

More analytical articles from Mikhail Makarov:

https://www.instaforthtex.com/ru/forex_analysis/?x=mmakarov

https://www.ifxcap.com/ru/forex_analysis/?x=mmakarov

American markets
Summary
Buy
Urgency
1 month
Analytic
Mihail Makarov
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

Mercado bursátil el 20 de mayo: S&P500 y NASDAQ abrieron con crecimiento

En la última sesión regular no se realizaron operaciones. Los índices bursátiles estadounidenses cerraron mixtos. El S&P 500 cayó un 0,03%, mientras que el Nasdaq 100 subió un 0,13%

Jakub Novak 13:19 2025-06-20 UTC+2

S&P500 (SPX): según los resultados de la reunión de la Fed

S&P500 (SPX): El mercado bursátil de EE. UU. se encuentra entre las expectativas positivas por la reforma fiscal y los temores relacionados con la geopolítica, los riesgos

Jurij Tolin 15:04 2025-06-19 UTC+2

Mercado bursátil el 13 de mayo: el SP500 y el NASDAQ cayeron

Al término de la última sesión regular, los índices bursátiles estadounidenses cerraron en alza, pero luego la situación cambió radicalmente. El S&P 500 subió un 0,38%, y el Nasdaq

Jakub Novak 13:06 2025-06-13 UTC+2

#SPX - Índice S&P 500 - el potencial de crecimiento no se ha agotado - pero existen matices... Análisis complejo - Horquillas de Andrews APLs & ZUP - desde el 13 de junio de 2025

Escala operativa Minute (marco temporal h4). Niveles técnicos principales para la negociación de #SPX - h4 - revisión de los posibles movimientos a partir del 13 de junio de 2025

Ratu Taslim 13:01 2025-06-12 UTC+2

Mercado bursátil el 12 de mayo: el SP500 y el NASDAQ bajaron ligeramente

Al término de la última sesión regular, los índices bursátiles estadounidenses cerraron en descenso. El S&P 500 cayó un 0,27%, mientras que el Nasdaq 100 retrocedió un 0,50%

Jakub Novak 12:11 2025-06-12 UTC+2

Mercado bursátil el 10 de mayo: SP500 y NASDAQ continúan al alza

Al cierre de la última sesión regular, los índices bursátiles estadounidenses mostraron un fuerte crecimiento. El S&P 500 subió un 0,09%, mientras que el Nasdaq 100 saltó un 0,31%

Jakub Novak 08:42 2025-06-10 UTC+2

Pronóstico para el S&P500 para el 10 de junio de 2025

S&P500 En el gráfico del marco temporal semanal, el precio hoy ha salido por encima de la línea de Kruzenshtern, la apertura de la semana se produjo por encima

Laurie Bailey 08:07 2025-06-10 UTC+2

Mercado bursátil el 9 de mayo: SP500 y NASDAQ subieron bruscamente

Al cierre de la última sesión regular, los índices bursátiles estadounidenses mostraron un fuerte crecimiento. El S&P 500 subió un 1,03%, mientras que el Nasdaq 100 saltó un 1,20%

Jakub Novak 08:31 2025-06-09 UTC+2

Mercado bursátil el 4 de mayo: SP500 y NASDAQ mostraron un crecimiento diario bastante fuerte

Según los resultados de la última sesión regular, los índices bursátiles estadounidenses cerraron al alza. El S&P 500 subió un 0,58 %, mientras que el Nasdaq 100 ganó un 0,81

Jakub Novak 08:50 2025-06-04 UTC+2

¿Está cerca el colapso del mercado bursátil de EE. UU.?

El conteo de ondas en el gráfico de 24 horas para el instrumento #SPX se ve en general claro. La estructura global de cinco ondas ni siquiera cabe

Chin Zhao 07:42 2025-06-04 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.