📈 U.S. Stock Market Summary for Tuesday, April 29, 2025 (Trading Day Basis)
Continued Gains Amid Tech Rally and Trade Policy Optimism
🇺🇸 U.S. Market Closing Recap
- NASDAQ: 17,461.32 (+0.55%)
- S&P 500: 5,560.83 (+0.58%)
- Dow Jones Industrial Average: 40,527.62 (+0.28%)
- USD/KRW: 1,433.50 KRW (-0.24%)
On Tuesday, April 29, U.S. markets closed higher as technology stocks extended their rally and investor sentiment improved on expectations of easing trade tensions. The Dow and S&P 500 marked their sixth straight day of gains — the longest winning streak of the year.
(Source: Investopedia)
📰 Key Economic & Market Highlights
1. Tech Stocks Lead Market Gains
Major tech stocks such as Apple, Microsoft, and Meta drove market momentum. Apple's stock rose ahead of its Q1 earnings report, reflecting investor optimism surrounding its performance.
2. Hopes for Easing Trade Tensions
The U.S. Department of Commerce signaled progress in tariff negotiations with key trade partners, fueling hopes of a de-escalation in global trade tensions.
(Source: WSJ)
3. Consumer Confidence Index Falls
The U.S. Consumer Confidence Index declined for a fifth consecutive month in April, falling to levels not seen since early in the pandemic. This raised concerns about potential weakening in consumer spending.
(Source: Conference Board)
4. UPS Announces Workforce Restructuring
UPS announced plans to cut 20,000 jobs in response to macroeconomic uncertainty. This reflects broader corporate trends toward cost reduction and efficiency improvements.
(Source: WSJ)
5. Trade Policy Shift Under Trump Administration
President Trump introduced a new round of tariff measures, signaling a shift in U.S. trade policy. Markets are closely watching how this will affect international trade and investor confidence moving forward.
💡 Investment Strategy Suggestions
- Closely Monitor Big Tech Earnings:
With major tech earnings scheduled this week, it's important to assess both the performance and forward guidance of companies like Apple and Microsoft. - Prepare for Trade Policy Shifts:
With ongoing changes in the Trump administration's trade strategy, investors should evaluate potential impacts across sectors and adjust portfolios accordingly. - Account for Weakening Consumer Confidence:
The downward trend in consumer sentiment may weigh on domestic consumption. Investors should consider its implications for consumer-focused industries.
This week is filled with impactful events, from big tech earnings to shifting trade dynamics. With volatility likely to remain high, investors are encouraged to stay informed and make well-considered decisions based on key economic indicators and policy signals.