Markets USA/Wall Street thanks to technology giants in a cropping mood

Dow Jones–Die Wall Street takes the momentum from the late day of the day. The market width S&P-500 could book the eighth profit day in series and has already revealed the best seven-day date since 2020. This time the positive mood is supported by strong annual reports of important technology companies, Meta Platforms and Microsoft provide the greatest positive surprises. The two stocks rose up to 4.8 and 8.7 percent. Microsoft did much better in the third business quarter than expected and increases prices for Xbox consoles. Meta Platforms also clearly exceeded expectations in the first period.

Media reports also increase hopes that the United States and China could agree on a trade agreement despite the recent ice age. Different places in the United States should be in contact with Chinese, it is said. The Dow-Jones index attracts 0.4 percent to 40,816 points by lunch (US East Coast period), S&P-500 and Nasdaq composite climbing 0.8 and 1.7 percent. “Wall Street faces an increase because buds of May optimism develop, supported by the strength of the large technology companies,” says Marktsrategin Susannah Street from Hargreaves Lansdown.

Weak weekly labor market data and a disappointing, unusual second reading of the shopping manager index for the processing industry, investors are reminiscent of the fact that the customs issue is by no means over at all. The ISM shopping manager index of the manufacturing trade slid deeper into the contraction area, although economists had feared even worse things. The data weaker by the bank seamlessly lined up into a series of unusual economic data – a result of US President Donald Trump’s customs policy. After the recent shift, the tariffs are mainly to come into force in July – but they are already throwing their shadows ahead.

The positive atmosphere in shares overlaps to the pension market and presses the quotes into the minus. The yield of ten-year-old US state bonds thus turns into plus and climbs by 5 basis points to 4.22 percent. Previously, the cloudy economic prospects had once again been associated with possible interest reductions-especially since US Finance Minister Scott Bessent indirectly asked the US Federal Reserve.

The dollar increases to a new two-week high with the attractive market interest rates, the dollar index wins another 0.8 percent. Of all things, the weak economic data could support the greenback, said foreign analyst Thu Lan Ngyuen from Commerzbank the day before. Because President Trump could be forced to withdraw his tariffs when the US economy is harmful to customs policy. Dealers see the thesis underpinned by hopes for a “deal” with China.

The gold price is on the withdrawal, the troy ounce is reduced by 2.3 percent – also burdened by the fixed dollar and rising market interest. Since the beginning of the year, however, the precious metal has still been up to 20 percent, which is why retailers also speak of persistent profit.

The oil prices stabilize according to their latest price slip, but remain weak. The oil market suffers from a weaker global demand growth and a robust offer with a large overhang, as Mufg assesses.

Reporting season makes courses

In addition to Meta and Microsoft, Qualcomm has also presented considerable business figures in the technology sector. The profit forecast for the current quarter, however, missed market expectation. The course drops by 8.4 percent. Ebay (-1.3%) earned a little more in the first quarter than expected. The outlook is within the framework of expectations. In addition, the US group receives a new financial officer, which causes some unrest.

McDonald’s deliver by 1.2 percent after the fast food giant has reported a 3 percent drop in profit for the first quarter. Sales and guests in the restaurants decreased compared to the previous year. Net profit and sales of MasterCard (-0.3%) rose in the first quarter due to an increased spending volume and the growth of the connected dealers of the credit card group. However, discounts and incentives had to be significantly increased.

According to the Wall Street Journal, the board of the electric car manufacturer Tesla (+0.6%) started looking for a successor to CEO Elon Musk last month. The tensions in the company had increased. Sales and profits went back rapidly. According to Wedbush, the electric car maker should no longer be looking for a new CEO.

Amazon (+2.8%) wants to invest $ 4 billion in order to expand its delivery network in rural areas of the United States to over 200 delivery stations of small towns. General Motors (-0.1%) has reduced its annual forecast in order to take into account expected loads from import duties to the automotive industry of $ 4 to $ 5 billion. GM had only put the previous winning forecast on hold a few days ago.

CVS Health jump up by 6.2 percent after convincing business figures. Eli Lilly, on the other hand, fall by 11.1 percent in the health sector after a lowered outlook. Moderna fall by 5 percent after a loss card.

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· Index last +/- % absolutely +/- % ytd

· DJIA 40,816.43 +0.4% 147.07 -4.7%

· S & P -500 5,613.74 +0.8% 44.68 -5.5%

· Nasdaq Comp 17,748.45 +1.7% 302.11 -9.7%

· Nasdaq 100 19.834.56 +1.3% 263.55 -6.9%

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· Last +/- % 0:00 Tue, 5:10 p.m. % YTD

· EUR/USD 1.1284 -0.4% 1.1329 1.1401 +9.5%

· EUR/JPY 164.1110 +1.3% 161,9645 162.0620 -0.5%

· EUR/CHF 0.9383 +0.3% 0.9359 0.9388 +0.1%

· EUR/GBP 0.8504 +0.0% 0.8502 0.8507 +2.8%

· USD/JPY 145.4110 +1.7% 142.9595 142.1595 -9.1%

· GBP/USD 1.3270 -0.4% 1.3328 1.3402 +6.4%

· USD/CNY 7.1870 +0.0% 7.1870 7.1873 -0.3%

· USD/CNH 7,2797 +0.1% 7.2698 7.2688 -0.9%

· From/USD 0.6368 -0.5% 0.6402 0.6387 +3.5%

· Bitcoin/USD 96,964.95 +2.7% 94,449.95 95.120.25 +1.2%

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· Raw oil last VT closing +/- % +/- USD % YTD

· WTI/NYMEX 58.12 58.19 -0.1% -0.07 +1.6%

· Brent/ICE 60.94 61.04 -0.2% -0,10 -18.4%

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· Metals last the last day +/- % +/- USD % YTD

· Gold 3213.80 3288.78 -2.3% -74.98 +25.3%

· Silver 28.46 28.80 -1.2% -0.34 +3.1%

· Platin 852.66 857.64 -0.6% -4.98 -2.0%

· Copper 4.58 4.56 +0.3% 0.02 +12.7%

· YTD based on the final score of the previous day

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(End) Dow Jones Newswires

May 01, 2025 12:37 ET (16:37 GMT)