Wall Street Extends Rally as Jobs Data Surprises

🔹 U.S. Jobs: April payrolls +177K (vs. 130K est), unemployment steady at 4.2%. Rate cut bets trimmed; 3 now expected.
🔹 Markets: S&P 500 up 1.47% Friday, 9-day win streak. Tech led by Microsoft (+11.08%) & Meta (+9.09%).
🔹 Commodities: Oil -7.5% on week as OPEC+ preps June hike. Gold fell >2.5% to $3,226; ANZ sees buying zone. Silver firmed on weak USD, demand hopes.
🔹 Crypto: Quiet day. Traders waiting for macro clarity.

📈 Wall Street Rally Rolls On, Apple Crushes Earnings, Bitcoin Tops $96K

🔹 U.S. Markets: Stocks rose for the 8th straight session—S&P 500 +0.63%, NASDAQ +1.52%. Microsoft +7.63%, Meta +4.23%.

🔹 Earnings:
• Amazon: Beats on Q1, but weak guidance hit stock -5% AH
• Apple: $95.36B revenue, beats across products, $100B buyback
• Microsoft/Meta: Strong beats continue to lift tech

🔹 Macro: ISM Manufacturing remained below 50 (48.7), signaling contraction. Construction spending fell -0.5% in March.

🔹 Commodities: Gold slid sharply, -$70 amid easing trade fears. Oil rebounded to $58 on Trump’s Iran oil warnings.

🔹 Crypto: BTC above $96K, 85% of supply in profit. ETH steady, DOGE ETF chatter builds.

Market Rebounds on Earnings Strength, GDP Miss Raises Eyebrows

🔹 U.S. Wrap: Stocks reversed early losses to close mixed; Dow rallied +0.35%. Q1 GDP shrank -0.3%, the first contraction in three years. Core PCE held at +2.6% y/y, while personal spending rose +0.7%.

🔹 Earnings Pulse:
• Microsoft & Meta beat big, lifting tech sentiment after-hours
• Visa: Solid quarter, no signs of consumer slowdown
• Pending Home Sales: +6.1%, crushing estimates

🔹 Canada: GDP fell -0.2% in February. Markets watching how PM Carney reshapes U.S. ties after his call with Trump.

🔹 Crypto: Bitcoin steadied near $95K. ETF adoption by major Wall Street firms forecasted by year-end. Ethereum demand holds despite mixed futures sentiment. DOGE ETF filing gains traction.

📈 Markets Climb Again, Bitcoin Steady — Plus: After-Hours Earnings Recap

🔹 U.S. Markets: Stocks advanced across the board — Dow +0.75%, S&P 500 +0.58% (sixth straight gain), Nasdaq +0.55%. Gold fell to $3,313 on softened tariff fears. Dallas Fed Index plunged to -35.8, fueling concern ahead of key data (GDP, NFP, Fed decision).

🔹 Canada: No major data, but focus remains on PM Mark Carney’s trade stance post-election. CAD firmed slightly on cautious optimism.

🔹 Commodities: Crude dropped -2.63% to $60.42 as demand fears resurfaced. Silver traded near $33.30, supported by trade headlines. Gold weakened on lower safe-haven demand.

🔹 Global Markets: Europe mixed; Italy surged +1.09% on auto strength amid tariff hopes. China waived ethane tariffs, but stepped up anti-U.S. rhetoric. ECB rate cut chatter continues.

🔹 Crypto: Bitcoin held near $95K, market cap below $3T. Ethereum proposed a gas limit boost. Monero jumped +50% after a major privacy-linked transaction. Fear & Greed Index at 60.

📈 Markets Mixed, Gold Rises, Bitcoin Breaks $95K

🔹 U.S. Markets: Major indices closed mixed—Dow (+0.28%), S&P 500 (+0.06%), Nasdaq (-0.10%). Heavy earnings week ahead with Apple, Amazon, Meta, Microsoft reporting. Treasury borrowing projections surged to $514B.

🔹 Canada: Markets remained muted amid U.S. earnings focus. Trump stirred political rhetoric with “51st State” comments. CAD weakened slightly against the USD.

🔹 Commodities: Gold rallied to $3,338 on recession fears. Crude oil fell -1.54% to $62.05. European gas prices dropped to a nine-month low. Copper demand surged as Chinese inventories fell sharply.

🔹 Global Update: Eurozone sentiment softened; ECB policy in focus. China affirmed its 5% GDP growth target and pledged stimulus. Japan’s trade talks with the U.S. slowed amid tariff tensions.

🔹 Crypto: Bitcoin cleared $95K, pushing total crypto market cap above $3.1T. Crypto ETFs saw $3.4B inflows. Monero (XMR) spiked 15%, and XRP advanced 3% after SEC approval for futures ETFs.

📊 Wall Street rallied, Crypto Rallies, Fed Highlights Global Trade Risks

🔹 U.S. Markets: The NASDAQ led with a weekly gain of +6.73%, followed by the S&P 500 (+4.59%) and Dow (+2.48%). Tech stocks surged—Tesla, Palantir, and MicroStrategy saw major rebounds.

🔹 Canada: Retail sales came in flat, falling -0.4% in February, while ex-auto sales rose +0.5%. Rig count dropped by 6, with oil rigs leading the decline. Canadian equities mirrored U.S. optimism despite political and trade overhangs.

🔹 Commodities: Gold dipped under $3,300 to close at $3,294 on dollar strength and ongoing U.S.-China tariff tensions. Oil ended lower for the week at $63.02 amid OPEC+ uncertainty. Silver slipped toward $33, supported at $32.60.

🔹 Global Snapshot: European indices wrapped the week higher—Germany’s DAX gained +4.86%. UK retail sales beat estimates at +0.4%. In Asia, messaging misalignments on U.S.-China talks created market jitters. Tokyo CPI jumped to 3.4% y/y.

🔹 Crypto: Bitcoin surged to $95K, hitting a 60-day high as risk sentiment improved. SUI led altcoin gains, up +72% for the week. NFTs saw renewed attention with Pudgy Penguins spiking +47.5%.

📈 Tech Surge Lifts Markets, Bitcoin Consolidates, Gold Regains $3,300

🔹 U.S. Markets: Nasdaq (+2.74%) led the charge as S&P 500 and Dow cleared key technical levels. Alphabet and Intel reported earnings; Alphabet soared post-market, while Intel slipped on weak guidance.
🔹 Commodities: Gold jumped back above $3,300 on safe-haven demand, copper rallied on Peruvian supply risks, and oil edged higher but stayed range-bound.
🔹 Global Landscape: Europe gained on stronger German data and ECB cut hopes. Asia was mixed—China liberalized investment, South Korea’s GDP contracted, and Japan’s inflation persisted.
🔹 Crypto: Bitcoin hovered near $92.4K, while altcoins dipped. Trump Token surged +31.7% as traders pivoted back to risk. FBI reported $9.3B in crypto fraud losses for 2024.
🔹 Looking Ahead: Markets await clarity on U.S.-China trade talks, OPEC+ decisions, and Friday’s key inflation data.