Stock Market Update: S&P 500 and Nasdaq Dip Amid Earnings Rush and Auto Tariff Relief

Reported about 14 hours ago

On April 29, 2025, US stocks experienced fluctuations but ultimately closed higher after the Dow extended its winning streak. The S&P 500 and Nasdaq rose by approximately 0.6% and 0.5% respectively, buoyed by positive earnings reports and President Trump's executive order to halt new tariffs on imported cars. However, consumer confidence continued to decline, and job openings fell to a four-year low, suggesting a cooling labor market amidst concerns regarding trade tensions and inflation.

Source: YAHOO

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