Stock Market Today: Indexes Continue Recovery as Major Earnings Week Begins

Market Indexes Show Positive Momentum on Monday

The stock market opened with cautious optimism on Monday, April 28, 2025, as investors prepare for a week packed with high-impact earnings reports and economic data. The S&P 500 is trading near 5,530, continuing its recovery after gaining 4.6% last week, while the Nasdaq Composite hovers around 17,400, building on its impressive 6.7% advance from the previous week. The Dow Jones Industrial Average is trading near 40,150, looking to extend its 2.5% gain from last week.

Despite recent volatility triggered by President Trump’s tariff announcements earlier this month, the market has shown resilience as traders navigate an evolving global trade landscape. The S&P 500 has recovered significantly but remains down approximately 1.5% for April, while the Dow is still down about 4.5% for the month.

Tech Stocks Lead the Recovery as Tariff Concerns Ease

Technology stocks continue to lead the market recovery, with investors closely watching sector giants ahead of their earnings reports this week. Tesla (TSLA) remains in focus after surging nearly 10% last Friday, while Nvidia (NVDA) and Meta Platforms (META) gained 4.3% and 2.7% respectively. Alphabet (GOOGL) also contributed to the tech rally after reporting strong first-quarter results.

Market sentiment has improved as concerns about the severity of President Trump’s tariffs have somewhat eased. However, uncertainty remains after Trump told Time magazine 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, while also suggesting announcements on trade deals could be coming “over the next three to four weeks.”

Crucial Earnings Week Ahead for Market Direction

This week marks one of the most significant earnings periods of the season, with several market-moving companies set to report. Today’s schedule features Domino’s Pizza (DPZ) and Waste Management (WM).

The earnings calendar intensifies tomorrow with reports from Visa (V), Pfizer (PFE), UPS (UPS), Starbucks (SBUX), PayPal (PYPL), Coca-Cola (KO), and General Motors (GM). Wednesday will bring results from tech giants Microsoft (MSFT) and Meta Platforms (META), along with Qualcomm (QCOM) and Caterpillar (CAT).

Thursday will feature the highly anticipated reports from Apple (AAPL) and Amazon (AMZN), alongside McDonald’s (MCD) and Mastercard (MA). The week concludes with energy giants ExxonMobil (XOM) and Chevron (CVX) reporting on Friday.

Economic Data and Fed Watch

Beyond corporate earnings, investors will closely monitor several key economic reports this week. Tuesday brings the advanced trade balance, Case-Shiller home price index, and consumer confidence data. The Federal Reserve will be watching the April jobs report and the latest inflation data as President Trump has intensified his calls for interest rate cuts.

Market Outlook

Analysts remain cautiously optimistic but warn of potential volatility. According to Wolfe Research, the Nasdaq’s recent three-day rally of 7.9% has historically preceded losses over both one-month and three-month periods in similar market conditions.

As President Trump approaches his 100th day in office this Wednesday, market participants will be watching for any policy developments that could impact trading. With major tech earnings, crucial economic data, and ongoing trade policy developments, this week could set the tone for market direction heading into May.

Investors seeking opportunities in the current market environment should pay particular attention to earnings reports from the “Magnificent Seven” tech companies, as their performance has been a key driver of major indexes. As always, maintaining a diversified portfolio remains prudent during periods of market uncertainty.