Market Recap: Wall Street Extends Rally as Tech Stocks Lead Gains on April 25, 2025

By / / Market Update

Major Indexes Continue Upward Momentum

The U.S. stock market extended its winning streak on Friday, April 25, 2025, with major indexes posting solid gains for the week. The S&P 500 closed at 5,494.35, adding 9.58 points or 0.17%, while the tech-heavy Nasdaq Composite advanced 111.17 points or 0.65% to finish at 17,277.21. The Dow Jones Industrial Average bucked the trend, slipping 182.12 points or 0.45% to 39,911.28.

This marks the fourth consecutive day of gains for the S&P 500 and Nasdaq, as investors continue to recover from the steep sell-off experienced earlier in April. For the week, the S&P 500 has gained nearly 4%, while the Nasdaq Composite surged more than 5% and the Dow added over 2%.

Tech Stocks Lead Market Recovery

Technology stocks continued to drive the market’s recovery, with several “Magnificent Seven” companies posting significant gains. Tesla (TSLA) was among the day’s biggest winners, surging 9.03% to $282.95, extending its weekly gain to more than 17%. NVIDIA (NVDA) also performed strongly, rising 3.63% to $110.29.

Alphabet (GOOGL), Google’s parent company, gained 1.37% following better-than-expected first-quarter results announced after Thursday’s close. The tech giant reported earnings of $2.81 per share on revenue of $90.23 billion, handily beating analyst expectations of $2.01 EPS and $89.12 billion in revenue.

However, Intel (INTC) faced significant pressure, dropping 7.45% to $19.89 after disappointing investors with weaker-than-expected guidance for the current quarter and announcing plans to reduce both operational and capital expenses.

Market Movers and Notable Earnings

Beyond the tech sector, several companies made significant moves following earnings reports. T-Mobile (TMUS) shares plunged 11.08% after the company’s wireless subscriber additions fell short of Wall Street estimates. Saia (SAIA), a shipping company, saw its stock plummet 33.73% after first-quarter results missed estimates and showed a slowdown in March.

On the positive side, American Airlines Group (AAL) shares rose 3.1% after reporting a narrower-than-expected first-quarter loss. Boston Beer (SAM) also gained over 1% following better-than-expected quarterly results, though the company cautioned that tariffs could impact full-year earnings.

Trade Tensions and Economic Outlook

The market’s recent rally has been fueled by optimism surrounding potential easing of trade tensions between the United States and China. President Donald Trump indicated earlier this week that tariff rates on Chinese imports “will come down substantially. But it won’t be zero.” However, China stated on Thursday that no trade talks were currently taking place and called for the cancellation of “unilateral measures on China.”

Despite the lack of clarity on trade negotiations, investors remain optimistic about the potential for reduced tariffs from their current level of 145% on Chinese imports.

Upcoming Market Events

Investors are now turning their attention to next week’s earnings calendar, which features several high-profile technology companies. Meta Platforms and Microsoft are scheduled to report their quarterly results after market close on Wednesday, while Amazon and Apple will release their earnings after the bell on Thursday.

Market strategists believe these upcoming earnings reports could provide further momentum for major indexes. Anthony Saglimbene, chief market strategist at Ameriprise, noted: “If we get some pretty decent earnings reports over the next couple days and over the next week, that might be an actual catalyst to kind of keep some of the momentum in major averages moving a little bit higher.”

Additionally, investors will be closely watching the consumer sentiment data for April, which is expected to be released at 10:00 a.m. ET on Monday. Economists polled by Dow Jones anticipate the reading to remain unchanged from the previous month at 50.8.

As the market continues to navigate trade uncertainties and corporate earnings season, the focus remains on whether the recent rally can be sustained into May or if volatility will return to Wall Street.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. We are not financial professionals. The authors and/or site operators may hold positions in the companies or assets mentioned. Always do your own research before making financial decisions.