Wall Street rose on Wednesday night after crushing Microsoft and Meta platforms with quarterly profits and turned over the market momentum. The recovery came quickly and difficult after futures in all fields climbed.
About merchants, who were shook earlier due to the weak numbers of gross domestic product and the confusion of the White House, their attention to large technology. They pushed up Futures to 138 pointsOr 0.3 %, while the S&P futures increased by 0.8 %, and the future NASDAQ 100 % has detonated 1.3 %. Each of these movements is installed on the profits.
Meta, which published the Q1 results after hours, gained more than 5 % in extended trading. Quarter revenues came in the above estimates. Microsoft rose to the top, getting nearly 7 % after overcoming both revenues and profit for the third fiscal quarter.
What caught the attention of the investor was Azure. Its cloud unit provided strong growth again, and the company gave instructions forward that left the buyers satisfied.
Meanwhile, Tesla’s shares did the exact opposite. They have decreased more than 3 % in the hours of trading hours on Robinhood after reports that the council is now looking for someone to take over from Elon Musk as CEO. No alternative was called, but the research alone was sufficient to send the sliding stocks.
Merchants ignore the shrinkage of GDP, and buying a market reflection
Earlier in the day, the market was not confident. Wall Street started the session of chaos. By mid -morning, the S&P 500 decreased more than 2 %, and Dow decreased over 780 points.
Then everything was reflected. Through the closing bell, both indexes ended in green, and it was not dependent on solid basics as well. It was panic first, then buy Dip.
Part of this panic came from new data from the Trade Department. Another reading showed the gross domestic product showed 0.3 % on an annual basis. This is the first quarter of negative growth since early 2022.
Dow Jones analysts were looking for a 0.4 % increase. They did not get it. Instead, the economy slipped back. But the merchants ignored them, and instead chose to chase the names that were struck at the closure.
This volatility is the final trading day of April, which was brutally. The stocks shook after President Donald Trump shook a “mutual” identification declaration on April 2. And later secret to the harshest, but the damage has already happened.
At one point, the S&P 500 decreased more than 20 % of its record in February, which is enough to qualify as a bear market. The month’s index closed a 9 % of its height.
Dow and S&P 500 did not recover enough to save the month. Dow loses 3.2 %, while the S&P fell 0.8 %. Nasdak’s compound only fled with gains, as April ended a 0.9 % increase.
Federal reserve expectations are shifted during the delay in trading volume
On the Federal Reserve Front, traders now expect the central bank to reduce interest rates at a full percentage before the end of the year. However, the recent notes of President Jerome Powell and other federal reserve officials indicate that they will be very slow to behave. There is no guarantee that these cuts will occur any time soon.
On Wednesday, the 100th day of Trump’s return to the White House celebrated Wednesday. Since he took office, he canceled his commercial policies, identification threats, and uncomfortable political exciting, any early hope in abolishing the measurement or tax exemptions. Whatever the support markets you felt after winning in November, it is completely evaporated. The fluctuation is what remains.
The numbers confirmed the extent of the session, even if it ends in green. On the New York Stock Exchange, the declining shares on ADVANCERS won 1.19 to 1. On the Nasdaq Stock Exchange, it was worse -1.28 to 1. S & P 500 has won 10 new levels for 52 weeks and 3 lower levels. But the Nasdaq compound had 39 new levels and 85 amazing new levels.
And size? under. The total number of trading via US stock exchanges reached 16.97 billion shares, less than the average of 20 days of 19.57 billion. This is not exactly a sign of confidence. It only proves the extent of everyone, even with a gathering on the blackboard.
Cryptopolitan Academy: Tired of market fluctuations? Learn how Defi can help you build a fixed negative income. Score
