Market Highlights 💡 - 28 April 2025

Large-cap stocks surged, S&P 500 $S&P 500(.SPX)$  breaks above 5,500 points

🇺🇸 S&P 500 Index: 0.74% 📈

🇺🇸 Nasdaq Index: 1.26% 📈

🇪🇺 Stoxx 600 Index: 0.41% 📈

🇯🇵 Nikkei 225 Index: 1.90% 📈

🇭🇰 Hang Seng Index: 0.32% 📈

🇨🇳 CSI 300 Index: 0.08% 📈

🇸🇬 Straits Times Index: 0.19% 📈

U.S. stocks closed higher, with the S&P 500 and Nasdaq up 0.7% and 1.3% respectively, as investors continued to focus on the evolving global trade landscape, while major tech stocks were boosted.

The Hang Seng Index and CSI 300 Index rose by 0.3% and 0.1% respectively, unaffected by mixed earnings reports and signs that the U.S., China, and the EU will not reach a trade agreement soon.

The FTSE Composite Index rose 0.2%, despite reports of unauthorized access and trading activities across multiple online trading accounts.

💡 Upcoming Events: 💡

On Tuesday, the market will focus on U.S. JOLTs job openings data and the Consumer Confidence Index.

On Wednesday, attention will turn to Japan's preliminary industrial production monthly rate and retail sales annual rate, China's NBS Manufacturing PMI, NBS Non-Manufacturing PMI, and Caixin Manufacturing PMI, as well as the Eurozone's preliminary GDP quarterly and yearly growth rates, and the U.S. ADP nonfarm employment change, GDP quarterly growth, Employment Cost Index quarterly growth, Core PCE Price Index monthly growth, and personal income and spending monthly rates.

On Thursday, focus will be on the Bank of Japan's policy rate decision, BOJ press conference, consumer confidence index, as well as the U.S. ISM Manufacturing PMI and initial jobless claims.

On Friday, important data include Japan's unemployment rate, Eurozone inflation rate and core inflation rate preliminary figures, Eurozone unemployment rate, and the U.S. nonfarm payrolls and unemployment rate.

💡 Things to Know Today: 💡

1. U.S. Treasury Secretary Scott Bessent said on Sunday that regardless of China's public statements, the U.S. and China are engaging in dialogue on key economic issues.

Scott Bessent 

2. U.S. Secretary of State Marco Rubio stated that President Trump has not yet sanctioned Russia over the ongoing war with Ukraine, as the White House still hopes to end the war through diplomatic means.

Marco Rubio

3. Last week, global financial leaders gathered in Washington seeking clarity on how to mitigate President Trump's multi-layered tariff shocks and their potential impact on the world economy.

4. Apple $Apple(AAPL)$   plans to manufacture most of its iPhones sold in the U.S. at its Indian factories by the end of 2026 and is accelerating this plan to prepare for possible increased tariffs from its main manufacturing base in China.

Apple in India 

5. Intel $Intel(INTC)$  reported its Q1 2025 financial results, with revenue of $12.7 billion. For its second-quarter guidance, Intel expects revenue between $11.2 billion and $12.4 billion, reflecting ongoing market uncertainty.

Intel

✅ Key Takeaways:

Wall Street closed higher this week with solid gains, driven by surging tech giants, offsetting mixed signals from President Trump's trade negotiations.

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