Stock Market Update Monday April 28, 2025
- AlgoTradeAlert
- Apr 28
- 4 min read
Stock Market Update Monday April 28, 2025 Stock Market Update Monday April 28, 2025 Equities opened higher but quickly lost momentum, turning negative by midday. However, a late-session rally helped major indices claw back losses to close essentially unchanged. Despite operating within a relatively tight trading range compared to recent weeks, intraday volatility underscored how swiftly market sentiment can pivot — particularly with a heavy slate of corporate earnings and critical economic data releases on the horizon.
Index Performance:
S&P 500 (SPX): +0.06%
Nasdaq-100 (QQQ): -0.03%
Russell 2000 (IWM): +0.38%
Away From Stocks: Treasuries rallied in a classic bull-steepening move, as the 2-year and 30-year yields declined by seven and five basis points, respectively, settling at 3.67% and 4.69%. In commodities, WTI crude oil slipped below the $62 per barrel mark, while gold prices rebounded sharply to $3,348 per ounce. Bitcoin hovered just below the $95,000 threshold. Meanwhile, the CBOE Volatility Index (VIX) eased back to near 25 after briefly spiking to 27 during the midday selloff.
Tariffs and Trade Negotiations
Treasury Secretary Scott Bessent indicated on Sunday's political talk shows that negotiations with several important U.S. trading partners are progressing well. While trade tensions with China are still receiving the most media attention, the U.S. might finalize agreements with South Korea, India, the European Union, or other allied countries first. These initial agreements are intended to act as models for future negotiations, establishing a structure for wider trade improvements.
Key April macroeconomic data scheduled for release this week:
March JOLTS – Tuesday, 10:00 AM ET
Q1 2025 GDP – Wednesday, 8:30 AM ET
April ISM Manufacturing – Thursday, 10:00 AM ET
April Jobs Report – Friday, 8:30 AM ET
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