U.S. Markets Extend Gains as Tech Leads Rally
The three major U.S. stock indexes closed higher on April 29, with both the Dow Jones Industrial Average and the S&P 500 recording six consecutive days of gains. Investor sentiment remained strong, fueled by optimism in large-cap tech and stable macroeconomic conditions.
- Dow Jones Industrial Average: ▲ 300.03 points (+0.75%) to 40,527.62
- S&P 500 Index: ▲ 32.08 points (+0.58%) to 5,560.83
- Nasdaq Composite: ▲ 95.18 points (+0.55%) to 17,461.32
Tech Sector Performance
Large-cap technology stocks mostly advanced:
- Tesla (TSLA) and Netflix (NFLX): ▲ over 2%
- Apple (AAPL): ▲ more than 1%
- Microsoft (MSFT), NVIDIA (NVDA), Meta (META): ▲ slight gains
- Google (GOOGL), Amazon (AMZN): ▼ marginal declines
Chinese Stocks: Mixed Momentum
Popular U.S.-listed Chinese stocks experienced mixed performance.
The Nasdaq Golden Dragon China Index ▼ 0.3%.
- Xpeng Motors: ▼ more than 6%
- Shell, NIO, Baidu: ▼ over 1%
- New Oriental: ▲ more than 4%
- Futu Holdings, Bilibili, Overlord Tea Princess: ▲ over 2%
- Ctrip, JD.com, Vipshop, Tencent Music: ▲ modest gains
European Markets
Performance in European stock markets was mixed:
- FTSE 100 (UK): ▲ 46.12 points (+0.55%) to 8,463.46
- DAX (Germany): ▲ 154.16 points (+0.69%) to 22,425.83
- CAC 40 (France): ▼ 17.89 points (–0.24%) to 7,555.87
Commodity Market Highlights
Oil Prices:
- U.S. crude (NYMEX June): ▼ $1.63 (–2.63%) to $60.42/barrel
- Brent crude (ICE June): ▼ $1.51 (–2.33%) to $63.28/barrel
Gold Prices:
- COMEX June gold futures: ▼ $14.10 (–0.42%) to $3,333.60/oz
Conclusion
Global markets continued to show strength led by U.S. tech giants, while commodities like oil and gold fell sharply. European equities posted mixed results, and Chinese ADRs remained volatile amid sector-specific headwinds.
Brought to you by PickMyTrade — delivering smart tools, automation, and insights for the modern trader.
