Market Watch: Stock Market Surges as Tech Leads Rally on April 28, 2025

Share

Major Indexes Continue Positive Momentum Amid Trade Uncertainty

The stock market continued its upward trajectory today, Monday, April 28, 2025, extending last week’s gains as investors navigate ongoing trade tensions while focusing on a packed week of earnings reports from tech giants. The S&P 500 rose 0.5% to 5,552.75, while the tech-heavy Nasdaq Composite added 0.9% to 17,438.62. The Dow Jones Industrial Average lagged slightly but still managed to gain 0.2% to 40,193.80.

This positive performance builds on last week’s strong showing, where the S&P 500 gained 4.6% and the Nasdaq climbed an impressive 6.7%. The Dow, while underperforming its peers, still advanced 2.5% last week.

Tech Stocks Lead the Way as Investors Eye Big Earnings

Technology stocks continued to drive market gains, with several notable movers today. Nvidia (NVDA) surged 4.3% to $111.01, extending its impressive year-to-date performance. Tesla (TSLA) continued its momentum from Friday, rising another 2.1% to $291.05, building on last week’s 9.8% jump following positive news about self-driving regulations.

Palantir Technologies (PLTR) also showed strength, gaining 4.6% to $112.78, while SoFi Technologies (SOFI) advanced 4.6% to $12.88.

Investors are closely watching this week’s packed earnings calendar, with tech heavyweights set to report. Microsoft (MSFT) and Meta Platforms (META) will release their quarterly results on Wednesday, while Apple (AAPL) and Amazon (AMZN) are scheduled to report on Thursday.

Trade Tensions and Economic Uncertainty

Markets continue to navigate the evolving global trade landscape, particularly the ongoing tensions between the U.S. and China. Recent data shows cargo shipments from China to the U.S. have plummeted by as much as 60% since the U.S. raised tariffs to 145% in early April. Analysts warn this reduction could soon impact American consumers, potentially leading to inventory shortages and higher prices by mid-May.

President Donald Trump, approaching his 100th day in office on Wednesday, has maintained a firm stance on trade policy while also calling for interest rate cuts from the Federal Reserve. In recent comments published in Time magazine, Trump stated he would consider it a “total victory” if the U.S. has high tariffs of 20% to 50% on foreign countries a year from now, though he also suggested announcements on trade deals could be coming “over the next three to four weeks.”

Upcoming Market Events to Watch

This week brings a slew of important economic data and corporate earnings that could significantly impact market direction:

– **Monday (Today)**: Earnings from Welltower (WELL), Waste Management (WM), Cadence Design Systems (CDNS), Roper Technologies (ROP), and others.

– **Tuesday**: Key economic reports including advanced trade balance, retail and wholesale inventories, S&P Case-Shiller home price index, consumer confidence, and job openings. Major earnings from General Motors (GM), Visa (V), Coca-Cola (KO), Pfizer (PFE), Starbucks (SBUX), and PayPal (PYPL).

– **Wednesday**: Microsoft (MSFT) and Meta Platforms (META) earnings, along with Qualcomm (QCOM) and Caterpillar (CAT).

– **Thursday**: Apple (AAPL) and Amazon (AMZN) earnings, alongside Mastercard (MA), McDonald’s (MCD), and Airbnb (ABNB).

– **Friday**: Exxon Mobil (XOM) and Chevron (CVX) earnings.

Market Volatility Eases but Remains Elevated

Market volatility, as measured by the VIX index, has continued to ease, falling to 24.84 on Friday, down 6.16% for the day. This represents a significant decrease from the spike seen earlier this month following the announcement of new tariffs.

However, analysts caution that upcoming events, including the April jobs report and the Federal Reserve’s preferred inflation gauge, could rekindle market swings. The convergence between implied and realized volatility suggests markets are stabilizing, but remain sensitive to trade and economic developments.

Looking Ahead: What Investors Should Watch

As we move through this busy week, investors should keep a close eye on several key factors that could drive market performance:

1. **Tech Earnings**: Results from Apple, Microsoft, Meta, and Amazon will provide crucial insights into the health of the technology sector and could significantly impact overall market sentiment.

2. **Economic Data**: The April jobs report and inflation data will be closely scrutinized for signs of economic strength or weakness, particularly as they relate to potential Federal Reserve actions.

3. **Trade Developments**: Any announcements regarding U.S.-China trade negotiations could trigger significant market movements, given the ongoing uncertainty in this area.

4. **Federal Reserve Commentary**: With President Trump increasing calls for interest rate cuts, any comments from Fed officials will be closely monitored for hints about future monetary policy.

The market’s resilience in the face of trade tensions suggests investors remain optimistic about corporate earnings and economic fundamentals. However, the path forward remains uncertain as global trade policies continue to evolve and major economic data points loom on the horizon.

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.