📊 Nifty hits this year's high; closes around flat
Here's how the market panned out today! ⬇️#Nifty #StockMarket pic.twitter.com/BoJSvUklYD
— ET NOW (@ETNOWlive) April 29, 2025
The stock market is poised for a busy week as investors await a flood of earnings reports from major companies and key economic data releases. Futures tracking the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 were all rising in early trading Tuesday, extending recent winning streaks. Today, earnings reports from Coca-Cola, General Motors, and Pfizer will be in focus.
Stock market today, 29 April: Trent top gainer as Nifty, Sensex end flat – Investors turning cautious again? Closing Bellhttps://t.co/HeFT5D3zLf
— ET NOW (@ETNOWlive) April 29, 2025
The earnings parade continues with tech giants Apple, Amazon, Microsoft, and Meta Platforms set to report on Wednesday and Thursday. These results will be crucial in determining if the market’s positive momentum can be sustained. The S&P 500 and Dow are currently experiencing their longest string of daily gains this year, while the Nasdaq narrowly missed another win on Monday.
The recent upturn comes amid a delay in implementing tariffs while trade deals are negotiated. Tuesday also marks the first 100 days of President Donald Trump’s second term.
S&P 500 wrapped up last week with four consecutive days of positive gains…longest streak since mid-January
[Past performance is no guarantee of future results] pic.twitter.com/6O2Xl1oe1z— Liz Ann Sonders (@LizAnnSonders) April 28, 2025
Market performance has been volatile during this period, with stocks initially hitting record highs in February before the introduction of tariffs caused a sharp decline.
S&P 500 stock valuations are still expensive relative to historical averages 🚨🚨 pic.twitter.com/eTrG7gtuuq
— Barchart (@Barchart) April 28, 2025
President Trump is expected to announce changes to his auto tariff policies in Warren, Michigan, around 6 p.m. Eastern time today.
crucial earnings and key data ahead
Investors are also looking ahead to upcoming economic data, including reports on inflation, gross domestic product, and employment later this week.
These reports will provide insights into the state of the economy in the first quarter, although they may not fully capture the impact of April’s announced tariffs. As a result, company forecasts and guidance are gaining particular importance in market assessments. Yields on government bonds were slightly higher after falling yesterday.
The benchmark 10-year Treasury was at 4.239%, compared with 4.258% the previous day. The 2-year note was at 3.719%. The dollar index, which measures the greenback against a basket of peers, was rising, although it remains down almost 9% since the start of the year.
Gold prices retreated, reflecting reduced demand for safe havens when stocks are climbing. Bitcoin stalled in early trading, while XRP saw declines, posing questions about the potential for another rally in the cryptocurrency market. As market dynamics continue to evolve amid ongoing economic and political developments, investors remain cautiously optimistic.
The coming week’s earnings reports and economic data will play a significant role in shaping sentiment and determining the direction of the market in the near term.
