On May 2, 2025, U.S. stock futures rose as Dow futures surpassed 41,100 points, reflecting the influence of corporate earnings reports and trade developments.

Taiwan • Business • 05/02 11:04
On May 2, 2025, U.S. stock futures rose as Dow futures surpassed 41,100 points, reflecting the influence of corporate earnings reports and trade developments.

On the afternoon of May 2, 2025, U.S. stock index futures rose, with Dow Jones Industrial Average futures rising 254 points to 41,109, S&P 500 futures rising 29.5 points to 5,652.75, and Nasdaq 100 futures rising 60 points to 19,930.75. This rise reflects the market's response to corporate earnings and international trade developments, especially the strong earnings from Microsoft and Meta Platforms and progress in trade policies under the USMCA.

Key Updates

05/03 00:31

The U.S. April non-farm payroll report beat expectations, leading the stock market to recoup its losses.

The April 2025 U.S. non-farm employment report indicated an addition of 177,000 jobs, exceeding the forecasted 130,000, while the unemployment rate held steady at 4.2%. These figures bolstered market confidence, lifting the three major U.S. stock indices, as the S&P 500 index marked its longest nine-day winning streak since 2004, wiping out the early April losses triggered by President Trump's tariff policies. Despite the risks posed by tariffs and an economic slowdown, the labor market's resilience has emerged as a crucial factor in the stock market's rebound.

05/02 23:02

Optimism about the resumption of US-China trade negotiations has driven up US stocks, but Morgan Stanley warns of economic risks.

On May 2, 2025, the U.S. stock market saw gains across the board due to strong employment data and optimism over the resumption of U.S.-China trade talks. The Dow Jones rose by 564.47 points, the S&P 500 and Nasdaq rose by 82.53 and 266.99 points respectively, and the Philadelphia Semiconductor Index rose by 149.40 points. Morgan Stanley warned that stagflation and high U.S. debt may pose risks.

05/02 21:30

May 2025 Wall Street Movers and Shakers: Tech Stocks Lead the Rally, Microsoft and Meta Stand Out, Petros Pharmaceuticals plummets

On May 2, 2025, Wall Street rose for the ninth consecutive trading day, setting the longest winning streak since 2004. Despite slowing economic growth and volatile tariff policies, strong corporate earnings and employment data boosted market confidence. Tech stocks like Microsoft, Meta, and Nvidia performed strongly, while small-cap stocks CaliberCos and Helius Medical surged on specific news. Petros Pharmaceuticals and Block Inc. took a hit due to poor performance. All three major indices climbed, with tech stocks leading the way.

05/02 20:31

US stocks make a strong comeback: The S&P 500 index recovers losses incurred since Trump's tariff policy, marking a record streak of consecutive gains.

On May 2, 2025, the U.S. stock market rebounded, with the S&P 500 index recovering the losses since President Trump announced a large-scale tariff policy on April 2, and marking the longest streak of consecutive gains since 2004. The market recovery was driven by stabilizing economic data, labor market resilience, and positive developments in U.S.-China trade negotiations. Despite the high uncertainty surrounding the tariff policy, investor sentiment improved, and Wall Street overcame panic.

05/02 14:02

U.S. stocks rally across the board: Non-farm employment data beats expectations and easing tensions between the U.S. and China provide a boost, as the Dow Jones index surges more than 450 points.

On May 2, 2025, the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite, the three major U.S. stock indices, rose, with the Dow climbing 488.04 points and the S&P 500 achieving its longest streak of consecutive gains in 20 years. The rally was due to better-than-expected April non-farm payroll data and indications of easing tensions between the U.S. and China over trade. Technology stocks and the semiconductor sector led the gains, with Taiwan Semiconductor Manufacturing Company (TSMC) American Depositary Receipts (ADR) rising 3.74%. Investor confidence rebounded, and riskier assets became more attractive.

05/02 11:04

On May 2, 2025, U.S. stock futures rose as Dow futures surpassed 41,100 points, reflecting the influence of corporate earnings reports and trade developments.

On the afternoon of May 2, 2025, U.S. stock index futures rose, with Dow Jones Industrial Average futures rising 254 points to 41,109, S&P 500 futures rising 29.5 points to 5,652.75, and Nasdaq 100 futures rising 60 points to 19,930.75. This rise reflects the market's response to corporate earnings and international trade developments, especially the strong earnings from Microsoft and Meta Platforms and progress in trade policies under the USMCA.

05/02 10:02

Signs of Easing in US-China Trade Tensions: Hong Kong's Hang Seng Index Up 1.74%, Tech Stocks Lead the Gains, The Renminbi and Risk Currencies Climb Together

On May 2, 2025, signs of easing in the trade tensions between the US and China prompted a recovery in global financial markets. The Chinese Ministry of Commerce is assessing the US's tariff negotiation proposals, resulting in the Hang Seng Index in Hong Kong rising by 385 points, or 1.74%, led by technology stocks. The offshore yuan appreciated by nearly 500 points against the US dollar, and the Australian and New Zealand dollars strengthened in tandem. The US dollar index fell by 0.2%, reflecting an increase in market risk appetite. Nevertheless, investors remain cautious about the global economic outlook, as recent economic data from both the US and China indicate a slowdown in growth.

05/02 00:31

On May 1, 2025, the U.S. stock market ended the day higher: Technology stocks led the rally, as earnings reports from Microsoft and Meta lifted the three major indexes.

On May 1, 2025, the U.S. stock market saw a broad increase as Microsoft and Meta Platforms reported better-than-expected earnings. The Dow Jones Industrial Average, the S&P 500 Index, and the Nasdaq Composite Index all closed higher, extending their rebound. Technology stocks stood out, with strong results from Microsoft and Meta easing worries about a slowdown in AI industry growth and lifting other tech stocks. Market sentiment was also lifted by a relaxation in trade tensions.

05/01 23:02

Microsoft and Meta's earnings reports beat expectations, lifting major U.S. stock indices on May 1, 2025.

On May 1, 2025, the U.S. stock market saw gains across the board as Microsoft and Meta reported better-than-expected earnings, easing concerns over AI investment returns and the economic outlook. The Dow Jones Industrial Average rose 83.60 points, the S&P 500 rose 35.08 points, the Nasdaq jumped 264.40 points, and the Philadelphia Semiconductor Index rose 17.58 points. The strong performance of Microsoft and Meta led the major stock indices to their eighth consecutive day of gains.

05/01 15:03

On May 1, U.S. stocks rebounded strongly as earnings reports from tech giants lifted the market, with tech giants Microsoft and Meta leading the charge.

On May 1, 2025, U.S. stocks surged across the board as Microsoft and Meta's earnings reports exceeded expectations, with Microsoft's stock price soaring more than 9% intraday and Meta climbing over 6%. TSMC ADR and Nvidia shares also advanced, as the Philadelphia Semiconductor Index rose 1.44%. However, data from the U.S. Department of Labor showed that initial jobless claims unexpectedly rose to 241,000, indicating pressure in the labor market.

U.S. Stock Futures Continue to Rise in the Afternoon

According to the latest quotes released by MoneyDJ at 16:32 (Taipei time) on May 2, 2025, the three major U.S. stock futures indices all rose. The Dow Jones Industrial Average futures (DJIA INDEX) increased by 254 points, or 0.62%, to 41,109 points; the S&P 500 futures rose by 29.5 points, or 0.52%, to 5,652.75 points; and the Nasdaq 100 futures climbed 60 points, or 0.30%, to 19,930.75 points.

This wave of gains continued the upward trend from earlier in the day. According to a MoneyDJ report at 12:32, Dow futures once rose to 41,200 points, an increase of 0.84%; S&P 500 futures reached 5,666.5 points, up 0.77%; and Nasdaq 100 futures hit 19,976.75 points, up 0.53%. Although the gains slightly narrowed in the afternoon, they remained in a high range overall.

Review of Morning and Intraday Trends

From the start of the morning session, U.S. stock futures showed a steady rise. According to Markets Insider's quote at 07:50:05 Eastern Time, Dow futures were at 41,021 points, up 206 points, or 0.50%; S&P 500 futures were at 5,643.25 points, up 31.5 points, or 0.56%; and Nasdaq 100 futures were at 19,918.25 points, up 119.25 points, or 0.60%.

This trend mirrored the previous trading day's spot market performance. According to Yahoo Finance, at the close of U.S. stocks on May 1, the Dow Jones Industrial Average rose 83.60 points to 40,752.96 points; the S&P 500 index increased by 35.08 points to 5,604.14 points; and the Nasdaq index surged 264.40 points to 17,710.74 points. This marks the eighth consecutive trading day of gains for the Dow and S&P 500, indicating continued bullish market sentiment.

Impact of Earnings and Policy News on Market Sentiment

Recent corporate earnings significantly impacted market sentiment. Strong earnings reports from Microsoft and Meta Platforms have boosted the performance of tech stocks, becoming a key driver of the Nasdaq futures' rise. According to reports from Zhitong Finance, the performance of these two tech giants exceeded market expectations, lifting the overall tech sector.

In addition, the latest developments in trade policy have also injected confidence into the market. On May 1, the U.S. Customs and Border Protection confirmed that auto parts manufactured in Canada and Mexico will be included in the USMCA agreement, exempting them from the 25% tariff set to take effect on May 3. This news alleviated market concerns about rising supply chain costs, providing support for Dow and S&P 500 futures.

International Markets and Other Asset Performance

In global markets, major European stock markets also experienced gains. According to Markets Insider, as of 07:45 European time, Germany's DAX index rose 401.25 points to 22,898.23 points, an increase of 1.78%; France's CAC 40 index increased by 116.93 points to 7,710.80 points, up 1.54%; and the UK's FTSE 100 index rose 100 points to 8,559 points, up 1.18%.

In Asian markets, the Nikkei 225 index rose 1.04% to 36,830.69 points; Hong Kong's Hang Seng index increased by 1.74% to 22,504.68 points. These gains reflect global investors' optimism about a potential easing of U.S.-China trade tensions.

In the commodities market, according to Markets Insider quotes, gold futures were at $3,262.65 per ounce, up $21.65, or 0.67%; Brent crude oil futures were at $61.77 per barrel, down slightly by $0.10, or 0.16%.

Forex Market Dynamics

The U.S. dollar index rose 0.78% on May 1, closing at 100.246. According to Zhitong Finance, the dollar rose to 145.68 against the yen, to 0.8316 against the Swiss franc, and to 1.3848 against the Canadian dollar. These exchange rate changes reflect market adjustments in expectations regarding the U.S. economy and interest rate policy.

References

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