Stock Market Update Tuesday April 29, 2025

Stock Market Update Tuesday April 29, 2025 Bullish momentum underpinned a robust equity rally, as markets overcame early-session volatility to close higher. The S&P 500 appreciated by 0.6%, narrowing its year-to-date correction to 5%. Investors are bracing for a pivotal end-of-month session tomorrow, featuring key macroeconomic data releases—GDP and PCE inflation metrics—alongside earnings reports from heavyweights Microsoft and Meta post-market.

Daily Performance Snapshot:

- S&P 500 (SPX): +0.6%

- Nasdaq 100 (QQQ): +0.6%

- Russell 2000 (IWM): +0.6%

Away From Stocks: U.S. Treasurys sustained their upward trajectory, with yields on the 2-year and 30-year notes contracting by 2 and 5 basis points, respectively, settling at 3.65% and 4.64%. In commodities, WTI crude depreciated further, declining to $60 per barrel, while gold softened to $3,320 per ounce amid waning demand. Bitcoin exhibited range-bound trading, stabilizing near $95,000. The CBOE Volatility Index (VIX) continued its descent, lingering above 24, reflecting diminishing expectations of near-term market turbulence.

Tomorrows Macro Data:

• April 30 — 8:30 AM ET

  • Q1 Employment Cost Index (ECI) QoQ

    • Actual: 0.9%

    • Consensus: 0.9%

  • Q1 GDP (Advance) QoQ

    • Actual: 0.3%

    • Consensus: 2.4%

• April 30 — 10:00 AM ET

  • March PCE Inflation MoM

    • Actual: 0.0%

    • Consensus: 0.3%

  • March Core PCE Inflation MoM

    • Actual: 0.1%

    • Consensus: 0.37%

  • March PCE Inflation YoY

    • Actual: 2.2%

    • Consensus: 2.5%

  • March Core PCE Inflation YoY

    • Actual: 2.6%

    • Consensus: 2.79%

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