Global Stock Market Update – May 3, 2025 #TradingSignals $XRP
As of May 3, 2025, global stock markets are experiencing a mix of optimism and caution. In the United States, Wall Street has extended its gains to a ninth consecutive day, marking the longest winning streak since 2004. This rally has been fueled by strong earnings reports from major tech companies such as Microsoft and Meta, which have helped the Nasdaq recover from previous losses.
However, concerns remain about the broader economic outlook. A recent report suggests that the S&P 500 could fall another 19%, even if the U.S. avoids a recession. This caution is based on a century-long analysis of U.S. stock market drawdowns, particularly in non-recessionary sell-offs. Current investor optimism, fueled by mega-cap tech earnings and stronger-than-expected job growth in April, might be premature.
In the corporate sector, Berkshire Hathaway's annual meeting is underway, with Warren Buffett addressing shareholders. The company's cash reserves have reached a record high of $347.7 billion, reflecting a cautious approach amid tariff uncertainties.
Meanwhile, mortgage interest rates have increased in response to the April jobs report, with the average 30-year fixed mortgage rate rising by nine basis points. Rising rates could impact both the housing market and consumer spending in the months ahead.
In India, the State Bank of India (SBI) is expected to report a drop of up to 22% in net profit for the March quarter, due to higher provisions. However, net interest income is expected to rise by up to 4%, showing some resilience in core banking operations.
Overall, while certain sectors and companies are showing strong performance, broader economic indicators and geopolitical factors continue to pose risks to the global stock market. Investors remain cautiously optimistic but are advised to keep a close eye on macroeconomic developments.
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Sources:
mariettatimes.com
businessinsider.com
livemint.com
finance.yahoo.com
m.economictimes.com
