Amazon and Apple Earnings Reports Help Stock Market Tick Upward

By: fxleaders|2025/05/02 13:15:01

U.S. stocks are still climbing after a week of economic reports and Magnificent Seven quarterly earnings reports, which is good news for those worried about an impending recession. The Nasdaq climbed the most on Thursday with a 1.52% gain. The S&P 500 added 0.63%, and the Dow Jones gained 0.21% as trading continued to improve across all stock indices. These indices were given a boost by promising earnings reports from Amazon ( AMZN ) and Apple ( AAPL ). Amazon stock jumped 3.13% after the company issued its quarterly report, and the company showed significant growth in its advertising business, which increased by 19%. The company managed to beat estimates for both the top and bottom lines, however, its guidance for the current quarter was pulled back slightly with tempered expectations. Apple managed to beat the estimates from Wall Street with its quarterly earnings report, and the company’s stock gained 0.39% on Thursday. In Friday’s premarket trading, however, the stock price fell 3.24%. The company is looking at massive tariff expenses around $900 million, and their Services division did not meet expectations. The current week may end a little low for the stock market as earnings reports and economic reports are digested. Tariffs will continue to impact companies across the stock market, with many fearing higher tariffs in the near future, after the 90-day pause on new tariffs is over. Even if the stock market manages to climb back up to where it was at the beginning of the year before Trump’s tariffs took effect, it will likely shoot back down as soon as the tariff pause is done. The Chamber of Commerce is asking Trump for a reprieve from heavy tariffs, with their request aimed particularly to help small businesses which will suffer the most from the taxes. This request notes that irreparable harm could happen to the U.S. economy if a reprieve is not granted, and it speaks of the fears of many businesses about how they will be impacted by Trump’s ongoing trade war with China and his plans to tax imports heavily until tariffs have evened out.

Federal Reserve Chairman Waller clearly stated at the ECB forum that the Fed will abandon forward guidance on interest rates, with future decisions relying entirely on real-time economic data. He noted that inflation risks in the U.S. have decreased over the past four weeks, but the ultimate impact ...

Robinhood launches its own blockchain, no longer wanting to be a tenant on others' chains

While laying off employees and issuing bonds, it is the predictive market business that temporarily supports the income.

Why Tokenized Stocks Are Booming in 2026 While Crypto Is Still Struggling

Why are tokenized stocks booming while the crypto market struggles? Explore the latest 2026 data, institutional adoption, and what it means for traders.

Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?

A programmer from a big tech company bought hard drives on Pinduoduo and, following clues, managed to accurately capture the sixfold rising stock Seagate using the "finding daily anomalies + 13F institutional verification" framework, making a wild profit of $400,000 and achieving financial freedom.

MiCA reshuffle begins, Binance temporarily bids farewell to the EU

What Binance leaves behind is not scattered retail investors, but a whole batch of high-value users who are forced to liquidate and have almost nowhere to go.

How does Gate redo "buying and selling stocks" from the cryptocurrency world to the stock market?

The competition logic of exchanges has changed.

Visa and Mastercard join 140 giants to launch a new stablecoin, but the impact on the market landscape may still be limited

As an important milestone event in the stablecoin landscape, OUSD is likely to change the existing stablecoin landscape and significantly increase the adoption rate of stablecoins in the global financial system.

Circle CEO responds to OUSD's challenge: Stablecoins are a winner-takes-all business, and we will not slow down

OUSD was jointly launched by more than 140 giants, causing Circle's stock price to plummet in a single day. Circle's CEO personally wrote a response, clarifying USDC's moat from three aspects: network effects, liquidity, and regulation, and dismantling OUSD's three selling points of "free redemption...