Weekly Market Recap: April 28 – May 2

Key Points

• S&P 500 recovers post-'Liberation Day' losses
• US Q1 GDP contracts 0.3% due to import front-loading
• China confirms U.S. outreach for trade talks
• U.S. adds 177K jobs in April; unemployment at 4.2%
• Consumer confidence drops to 86.0, hitting a five-year low
• Bessent say, trade deal with India may be near
• Microsoft, Meta rally on strong earnings
• Nvidia jumps on possible easing of UAE export curbs and AI spend confirmation from big-tech earnings
• Apple warns on tariffs as China sales fall
• Amazon sees lower profit amid trade uncertainty, AWS growth stalls

Fri, 2nd May

• Market Wrap: Wall Street Extends Gains Amid Optimism Over US - China Trade Talks and Strong Jobs Report
• U.S. Non-farm Payrolls (April)
• • Forecast: 138k | Previous: 228k | Actual 177k
• U.S. Unemployment Rate (April)
• • Forecast: 4.2% | Previous: 4.2% | Actual 4.2%

Thu, 1st May

• Market Wrap: Wall Street’s winning streak extended as investor optimism grew around tech earnings
• Initial Jobless Claims
• • Forecast: 226k | Previous 222k | Actual 241k
• ISM Manufacturing PMI (April)
• • Forecast: 47.8 | Previous: 49.0 | Actual 48.7

Wed, 30th April

• Market Wrap: Q1 GDP Shrinks 0.3%; S&P 500 Marks 7-Day Rally as Meta, Microsoft Beat Estimates
• ADP Employment Report (April)
• • Forecast: 110,000 | Previous: 155,000 | Actual 62,000
• GDP (Q1 2025)
• • Forecast: 0.4% | Previous: 2.4% | Actual -0.3%
• Core PCE Price Index (March)
• • Forecast: 0.1% | Previous: 0.4 % | Actual 0.0%

Tue, 29th April

• Market Wrap: S&P 500 Raises For Sixth Straight Day - Tuesday, April 29th
• JOLTS Job Openings (March)
• • Forecast: 7.48M | Previous 7.568M | Actual 7.192M
• Consumer Confidence (April)
• • Forecast: 87.7 | Previous: 92.9 | Actual 86.0

Mon, 28th April

• Market Wrap: Wall Street Rebounds, Earnings, Trade Talks and Economic Data in Focus - Monday, April 28th