š NASDAQ Composite
ā¢ Last Close (May 1, 2025): 17,710.74, up 264.40 points or +1.52%
ā¢ Today's Performance (May 2, 2025): NASDAQ futures rose about 0.6% in pre-market trading, reflecting market optimism over potential tariff negotiations between the US and China
ā¢ Driving Factors: The rally was driven by hopes for an easing of trade tensions between the US and China, as well as positive performance by big tech stocks such as Microsoft and Meta Platforms
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š S&P 500
ā¢ Last Close (May 1, 2025): 5,604.14, marking an eight-day winning streak, the longest streak since August 2024
ā¢ Today's Performance (May 2, 2025): S&P 500 futures rose about 0.8% in pre-market session, driven by positive sentiment on potential tariff negotiations and big tech earnings reports
ā¢ Drivers: Market optimism on easing trade tensions, as well as strong performance of the technology sector, were the main drivers of the index's rise
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ā¢ Tariff Negotiations: Statements from China's Ministry of Commerce expressing openness to tariff negotiations with the US have boosted global market sentiment
ā¢ Corporate Earnings: Positive performance from big tech companies, such as Microsoft and Meta Platforms, has provided additional support to major indices
