Stock Market Update Thursday May 1, 2025
- AlgoTradeAlert
- May 1
- 4 min read
Stock Market Update Thursday May 1, 2025 Robust earnings prints from mega-cap bellwethers Meta and Microsoft underpinned a broadly constructive tone across equities, bolstering risk appetite. However, late-session profit-taking curtailed earlier momentum, paring gains in the S&P 500 to a 0.6% close—well off its 1.5% intraday high.
Index performance on the session: SPX +0.6%, Nasdaq-100 (QQQ) +1.1%, and Russell 2000 (IWM) +0.6%.
Away From Stocks: Treasury markets saw a retracement as yields climbed sharply across the curve—2-year and 30-year notes rose 10 and 8 basis points, respectively, to 3.70% and 4.74%, reflecting a reassessment of rate expectations. Crude oil (WTI) reversed earlier weakness, settling at $59 per barrel amid afternoon buying interest, while gold prices tumbled over 2% to $3,234 per ounce as risk-on sentiment dented demand for safe-haven assets. Bitcoin advanced toward the $97,000 threshold, signaling ongoing speculative strength, while the VIX remained subdued just below the 25 handle, suggesting complacency in volatility expectations.
Want to read more?
Subscribe to algotradealert.com to keep reading this exclusive post.