May 2, 2025
Stocks close sharply higher, lifted by Microsoft, Meta earnings
U.S. stocks rallied, with the Dow and S&P 500 posting their eighth straight session of gains after strong results from megacaps Microsoft and Meta eased concerns about artificial intelligence spending.
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May 2, 2025
Amazon forecasts quarterly revenue above estimates, cloud growth lags
Amazon.com forecast second-quarter revenue largely above estimates, in a reassuring sign the e-commerce giant would navigate tariff-related uncertainty, but growth in its closely watched cloud unit lagged.
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May 2, 2025
US manufacturing sectors slump deepens in April as PMI drops to 5-month low
U.S. manufacturing contracted further in April while tariffs on imported goods were straining supply chains, keeping prices paid for inputs elevated. Manufacturing PMI dropped to a five-month low of 48.7 last month.
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April 30, 2025
U.S. stocks advance, oil drops amid trade talks
Wall Street stocks advanced while crude and gold prices slid as investors juggled corporate earnings, signs of progress in U.S. President Donald Trump’s tariff negotiations, and increased odds of a global recession.
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April 30, 2025
Gold falls as trade tensions soften, US data on tap
Gold fell nearly 1% as signals of easing U.S.-China trade tensions reduced some safe-haven demand, while investors braced for key economic data this week to gauge the Federal Reserve’s policy outlook.
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April 30, 2025
Trump set to soften auto tariffs after industry pushback
U.S. President Donald Trump will soften the blow of his auto tariffs through an executive order mixing credits with relief from other levies on parts and materials, after automakers pressed their case with the administration.
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