empty
28.04.2025 09:06 AM
Stock Market Update for April 28th: S&P 500 and NASDAQ Pause Their Advance

In the previous regular session, U.S. stock indices closed higher. The S&P 500 gained 0.74%, the Nasdaq 100 rose 1.26%, and the Dow Jones Industrial Average edged up by 0.05%.

This image is no longer relevant

Asian indices started the week cautiously, with investors holding off on riskier bets as they awaited progress in U.S. trade negotiations and signs of further stimulus from China. Futures contracts in Europe showed little change. Gold fell 1.6% as traders trimmed positions amid indications that the rally may have gone too far, too quickly. Meanwhile, yields on 10-year U.S. Treasury bonds rose by 1 basis point.

This week, investor focus will turn to key economic data releases: the Bank of Japan's interest rate decision, the U.S. employment report, and GDP figures. These will help gauge whether recent market stability can continue as trade tensions ease. Traders are also taking some comfort in the prospect that the Federal Reserve could lower interest rates sooner than previously expected. While sentiment has become more optimistic in recent weeks, the market remains cautious, with domestic policy decisions and political maneuvers exerting a strong influence. Overall, conditions are likely to stay highly uncertain and volatile, particularly given ongoing tariff and geopolitical risks.

This week, four companies from the so-called "Magnificent Seven" — Microsoft Corp., Apple Inc., Meta Platforms Inc., and Amazon.com Inc. — are due to report earnings. Analysts expect the group, which also includes Alphabet Inc., Tesla Inc., and Nvidia Corp., to deliver average profit growth of around 15% in 2025 — a forecast that has remained largely unchanged since early March, despite escalating trade tensions.

Investors are also closely monitoring any signs of progress in U.S. trade talks after President Trump indicated that another delay in imposing higher tariffs is unlikely. Asian economies — particularly those facing some of the highest "reciprocal" U.S. tariffs — are leading their Western counterparts in trade discussions with the U.S. administration. To facilitate the next steps, Trump's team has developed a framework for negotiations with approximately 18 countries, outlining key topics for discussion.

U.S. Treasury Secretary Scott Bessent recently stated that the administration is working on bilateral trade deals with 17 key partners, excluding China. Bessent reiterated the administration's view that Beijing will ultimately be forced back to the negotiating table, unable to withstand the latest 145% tariffs imposed on Chinese goods.

This image is no longer relevant

Technical Outlook for S&P 500

Today, buyers will aim to break through the immediate resistance at $5,520. A successful breakout would strengthen bullish sentiment and open the path toward the next target at $5,552. Maintaining control above $5,586 would further reinforce buyers' positions.

If risk appetite weakens and the index moves lower, it will be critical for buyers to defend the $5,483 support level. A break below this zone could push the S&P 500 down toward $5,443 and possibly extend the decline to $5,399.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Navigating dollar surge and tech turmoil: key entry points for traders

Volatility has returned to financial markets. The dollar staged a sharp rally, driving down the yen, euro, and Swiss franc, but beneath the surface lies a web of unsettling signals

Аlena Ivannitskaya 11:44 2025-05-28 UTC+2

Update on US stock market on May 28

S&P500 US stock market is showing buoyant growth Snapshot of major US stock indices on Tuesday: Dow Jones: +1.8% NASDAQ: +2.5% S&P 500: +2.1% S&P 500 at 5,921

Jozef Kovach 10:38 2025-05-28 UTC+2

Stock Market on May 28th: S&P 500 and NASDAQ Continue Their Rapid Rally

Following the most recent regular session, U.S. stock indices closed with strong gains. The S&P 500 rose by 2.00%, while the Nasdaq 100 added 2.47%. The Dow Jones Industrial Average

Jakub Novak 09:43 2025-05-28 UTC+2

S&P 500 Forecast for May 28, 2025

The U.S. stock index, the S&P 500, has completed the correction that began on May 20. A sign of its completion is the price breakout above the inner boundary

Laurie Bailey 05:08 2025-05-28 UTC+2

Domestic Demand and Attractive Prices

The wave structure on the 24-hour chart for the #SPX instrument is generally easy to interpret. The global five-wave pattern doesn't even fit within the terminal window at the smallest

Chin Zhao 11:56 2025-05-27 UTC+2

Stock Market Update for May 27th: S&P 500 and NASDAQ Still Have Growth Potential

Following the most recent regular session, U.S. stock indices closed lower. The S&P 500 fell by 0.67%, while the Nasdaq 100 lost 1.00%. The industrial Dow Jones dropped by 0.61%

Jakub Novak 11:08 2025-05-27 UTC+2

Update on US stock market on May 27. Market picking up steam

S&P500 Snapshot of key US stock indices on Monday: Dow: -0%, NASDAQ: -0%, S&P 500: -0%, S&P 500 at 5802, with a trading range of 5400–6200. On Monday, US index

Jozef Kovach 10:40 2025-05-27 UTC+2

Trump changes his rhetoric, USD loses ground

The world is changing faster than the markets can blink. The dollar is rapidly losing ground amid a pause in the US-EU trade war. Nvidia is being forced

Аlena Ivannitskaya 13:05 2025-05-26 UTC+2

Stock Market Outlook for May 26th: S&P 500 and NASDAQ Return to Growth

During the previous regular session, U.S. stock indices closed lower. The S&P 500 fell by 0.67%, the Nasdaq 100 lost 1.00%, and the Dow Jones Industrial Average declined by 0.61%.However

Jakub Novak 11:50 2025-05-26 UTC+2

Update on US stock market on May 26

S&P500 US stock market turning higher Snapshot of major US stock indices on Friday: Dow -0.6%, NASDAQ -1%, S&P 500 -0.7%, S&P 500 at 5,802, range 5,400–6,200. Importantly, on Monday

Jozef Kovach 10:35 2025-05-26 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.