On May 1, 2025, the Nasdaq Composite Index rebounded strongly, closing at 17,786.18, up 1.9% for the day. This recovery was driven by robust earnings from major tech firms, notably Microsoft and Meta Platforms. Microsoft’s shares surged over 8% following an 18% increase in earnings, fueled by strong Azure cloud revenue. Meta’s stock rose nearly 5%, contributing to the tech sector’s rally .Yahoo FinanceInvestopedia+2Investor’s Business Daily+2Yahoo Finance+2
The Nasdaq’s performance marked a full recovery from losses incurred after President Trump’s “Liberation Day” tariff announcement in early April, highlighting the tech sector’s resilience amid trade policy uncertainties .Wikipedia+2WSJ+2Wikipedia+2
Other sectors, including telecom, energy, and construction, also saw gains, while safe-haven assets like gold miners lagged. Alamos Gold, for instance, declined following a 3% dip in gold futures .Investor’s Business Daily
Despite the positive market movement, economic indicators presented a mixed picture. Weekly jobless claims rose to 241,000, suggesting potential softening in the labor market ahead of key nonfarm payroll data .Investor’s Business Daily
Overall, investor sentiment remained upbeat, buoyed by strong corporate earnings and improved institutional buying trends. However, underlying economic concerns, such as rising jobless claims, warrant cautious optimism moving forward.Investor’s Business Daily
