Stocks finished sharply higher Friday, with the S&P 500 notching its longest winning streak since 2004, as investors reacted to strong monthly employment data and news that China is evaluating the possibility of trade talks with the U.S.
The 澳洲幸运5开奖号码历史查询:S&P 500 and tech-heavy 澳洲幸运5开奖号码历史查询:Nasdaq Composite each rose 1.5%. The 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average added 1.4%. All three indexes advanced for a second straight week, with the Dow up 3%, the S&P 500 rising 2.9% and the Nasdaq Composite adding 3.4%. Stocks were coming off 澳洲幸运5开奖号码历史查询:Thursday gain spurred by better-than-expected earnings reports and big AI spending plans from tech giants 澳洲幸运5开奖号码历史查询:Microsoft (MSFT) and 澳洲幸运5开奖号码历史查询:Meta Platforms (META).
Stocks have rallied—the Dow and S&P 500 entered the day o♉n eight-day winning streaks—as quarterly results from major companies have come in generally strong and investors have fostered hopes that the Trump administration will soften its stance on tariffs. At the same time, investors and executives are concerned about the uncertainty surrounding trade policy and the potential for a significant slowdown in economic activity.
The Labor Department's 澳洲幸运5开奖号码历史查询:April jobs report showed that U.S. employers added 177,000 jobs last month, more than the 133,000 that economists had estimated, while the unemployment rate held steady at 4.2%. The numbers, at least temporarily, alleviated concerns about the toll that tariffs are taking on the economy, which 澳洲幸运5开奖号码历史查询:contracted in the first quarter for the first time in thr🌌ee years according to government data released earlier this week.
On the trade front, a spokesman for China's Commerce Ministry said Beijing is "currently evaluating" U.S. proposals to start trade talks, the first time China has publicly indicated such a willingness since the countries imposed import tariffs of more than 100% on one another.
Technology stocks remained in focus following the release late yesterday of earnings reports from Apple (AAPL) and Amazon (AMZN). Apple shares fell 4% despite 澳洲幸运5开奖号码历史查询:strong results from the iPhone maker as CEO Tim Cook said tariffs, if they remain at current levels, will 澳洲幸运5开奖号码历史查询:cost the company $900 million in the current quarter. Amazon shares ticked lower after the company reported earnings that topped expectations but issued 澳洲幸运5开奖号码历史查询:a disappointing outlook, citing the uncertainty surrounding tariffs.
Other mega-cap tech stocks were higher across the board. Microsoft rose 2% and Meta jumped 4%, while chipmakers Nvidia (NVDA) and Broadcom (AVGO) advanced 2% and 3%, respectively, adding to yesterday's big gains. Alphabet (GOOG) and Tesla (TSLA) both added 2%.
Shares of Chevron (CVX) gained about 2% after the oil major reported profit that topped expectations but missed💃 o▨n revenue. Rival ExxonMobil (XOM) inched higher after beating expectations on both the top and bottom lines. Oil-sector stocks have come under pressure recently as crude oil p🎃rices have fallen to their lowest levels in four years. West Texas Intermediate futures, the U.S. crude oil benchmark, slid 1.3% to $58.45 per barrel.
Gold futures—w♛hich hit a record high early last week of around $3,500 an ounce as investors turned to the traditional safe haven amid concerns about tariffs and the economic🎐 outlook—rose 0.8% to $3,245 an ounce.
The yield on the 10-year Treasury note, which affects borrowing costs on all sorts of loans, 澳洲幸运5开奖号码历史查询:notably mortgages, closed at 4.32%, up from 4.23% at yesterday's close. The U.S. dollar index, which measures the perform❀ance of the dollar against a baskeℱt of foreign currencies, fell 0.2% to 100.
Bitcoin was at $97,100, up from an earlier low of $96,200 and trading at its highest level in more than two months.
The Biggest S&P 500 Movers on Friday
Advancers:
- DexCom (DXCM) shares surged 16.2%, gaining the most of any S&P 500 stock, after the maker of glucose monitoring devices for patients with diabetes 澳洲幸运5开奖号码历史查询:top𝔍ped first-q𝓀uarter revenue estimates. Although profits came in slightly below expectations and the company said that incremental costs could pressure its 2025 gross profit margins, DexCom highlighted strong demand and announced a $750 million stock buyback program.
- The strong jobs report, which helped alleviate concerns about the potential for a sustained economic downturn driven by trade tensions, helped boost the outlook for U.S. travel demand. Shares of numerous companies in the travel industry moved higher. United Airlines Holdings (UAL) shares lifted 7.1%, while Delta Air Lines (DAL) shares advanced 6.6%. Shares of cruise operator Norwegian Cruise Line Holdings (NCLH) were up 6.8%.
- Franklin Resources (BEN) stock added 7.2% following the investment management holding company's quarterly earnings report. While profits came in below estimates, they grew on a year-over-year basis, and revenue in the period exceeded forecasts. Franklin also touted strong inflows for its exchange-traded fund business, which achieved a record high in assets under management.
Decliners:
- Although internet domain and web hosting provider GoDaddy (GDDY) exceeded earnings per share and revenue expectations for the first quarter of 2025, analysts at RBC and Barclays reduced their price target on the stock, citing valuation concerns. GoDaddy shares slipped 8.4% on Friday, suffering the heaviest decline in the S&P 500.
- Shares of public safety, enterprise security, and critical communications company Motorola Solutions (MSI) sank 7.5%. Although the provider of land mobile radio and video security systems exceeded first-quarter sales and profit expectations, it provided relatively muted guidance for sales growth in the second quarter. The company also indicated that potential tariffs could generate cost pressure throughout 2025.
- Take-Two Interactive Software (TTWO) shares fell 6.7% after the video game maker's subsidiary Rockstar Games announced that the release of its highly anticipated Grand Theft Auto VI title would be delayed until May 2026. However, Take-Two indicated that despite the postponed launch, it still anticipates record net bookings in fiscal 2026 and 2027.
What You Need To Know Ahead of Berkshire Hathaway's Annual Meeting Saturday
Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) is slated to hold its annual shareholder meeting and rele🦩ase its first-quarter financial results♎ on Saturday.
The event, dubbed the “澳洲幸运5开奖号码历史查询:Woodstock for Capitalists,” draws tens of thousands of visitors each year, and amid economic uncertainty in the face of President Trump’s 澳洲幸运5开奖号码历史查询:shifting tariff policies, many investors will be watching closely to see what the "澳洲幸运5开奖号码历史查询:Oracle of Omaha" has to say.
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Investopedia / Pꦜhoto Illustration by Alice Morgan / Alison Czinkota / Getty﷽ Images
While the 澳洲幸运5开奖号码历史查询:S&P 500 is down about 3% year-to-date amid heightened market volatility, Berkꦉshire’s꧂ shares have added close to 19%.
UBS a𝓡nalysts recently boosted their earnings and stock price targets for Berkshire Hathaway, calling it a “safe haven in a turbulent environment.”
“While BRK's shares have meaningfully outperformed YTD and are trading near historical high valuations, given its substantial cash position and generally defensive business mix, we believe its shares deserve a premium in the current uncertain economic environment,” they said.
CFRA analysts, however, warned that a 澳洲幸运5开奖号码历史查询:weakening economy “would likဣely dampen demand for many of BRK’s products.” They issued a “hold” rating for Berkshꦑire, in contrast to UBS’ “buy” rating.
CFRA also pointed to Buffett's age, at 94, as a risk factor. While Berkshire has not formally announced a successor yet, Buffett said in his annual letter to shareholders in February that "it won’t be long before Greg Abel replaces me as CEO."
Investors will also focus their attention on Berkshire’s cash pile, which swelled to a 澳洲幸运5开奖号码历史查询:record $334.2 billion at the end of 2024, and how Buffett might deploy it—or keep adding to it. Buffett said last year that “澳洲幸运5开奖号码历史查询:things aren’t attractive,” with a dearth of options that would sati𓆏sfy Berkshire’s criteria.
In the fourth quarter, Berkshire had 澳洲幸运5开奖号码历史查询:entered a new position in Modelo maker Constellation Brands (STZ), while raising its stakes in SiriusXM (SIRI), Occidental Petroleum (OXY), Domino's Pizza (DPZ), Verisign (VRSN), and Pool Corp. (POOL). Berkshire also trimmed its stakes in Bank of America (BAC), Capital One (COF), and Citigroup (C), while exiting Ulta Beauty (ULTA).
D꧂uo🎉lingo Stock Soars To All-Time High on Strong Q1 Results
Duolingo (DUOL) shares soared to an all-time high on Friday, a day after the language education platform topped expectations for the first quarter.
After the 💝bell Thur🏅sday, Duolingo reported earnings per share of $0.72 on revenue that soared 38% year-over-year to $230.7 million, both topping Visible Alpha consensus estimates.
The company saw a 40% jump in paid subscribers to 10.3 million and a nearly 50% annual jump to ꧃46.6 million daily active users (DAUs). Both metꩵrics also topped projections.
Duolingo also lifted its full-year revenue projections to a range of $987 million to $996 million, up from the previous range of $962.5 million to $978.5 million.
Duolingo shares were up 19% to more than $477 in recent❀ trading, and set an intraday record of $480 earlier in the session.
In a note following Thursday's report, JPMorgan analysts maintained their "overweight" rating and lifted their price target to $500 from $360, above the Visible Alpha consensus of roughly $446. The analysts said they see room for Duolingo's DAUs to continue growing from wider adoption of its English lessons, and its non-language-focused material like a chess course, which Duolingo is expected to launch in the coming weeks.
The analysts also said Duolingo's recently announced effort to more than double its language library with 148 new language courses, with an increasing amount of educational content created by generative AI, "will support strong user & paid subscriber growth."
DexCom Stock Rockets Higher to Lead S&🌸;P 500 Gainer🍌s
Shares of DexCom (DXCM) jumped more than 15% to pace the 澳洲幸运5开奖号码历史查询:S&P 500's advancers Friday, a day after the maker of glucose monitoring devices for people with diabetes reported better-than-expected quarterly revenue and announced a $750 million 澳洲幸运5开奖号码历史查询:stock buyback program.
After the closing bell Thursday, San Diego-based DexCom reported first-quarter revenue that grew 12% year-over-year to $1.04 billion. Analysts surveyed by Visible Alpha expected $1.02 billion. Ad🐠justed earnings per share of 32 cents missed estimates by a penny.
Dexcom affirmed its full-year outlook for revenue of $4.6 billion, adjusted 澳洲幸运5开奖号码历史查询:operating margin of approximately 21%, and adjusted 澳洲幸运5开奖号码历史查询:EBITDA margin of about 30%.
However, it lowered its 2025 projection for adjusted 澳洲幸运5开奖号码历史查询:gross profit margin to approxima🥀tely 62% because of "incremental costs related to near-term supply dynam𝔍ics."
Friday's surge moved DexCom shares into positive territory for 2025. At around $81, they're still a bit off Visible Alpha's average analyst price target, which is currently a bit above $98.
Watch These Amazon Sto🧔ck Price Levels After Company Issues Soft Outlook
Amazon (AMZN) wavered between gains and losses Friday after the e-commerce and cloud computing giant 澳洲幸运5开奖号码历史查询:issued a cautious outlook amid uncertainty abou💟t the economy, offsetting stron🅷g quarterly results.
Amazon shares had lost 13% since the start of the year through Thursday's close and dropped 22% from their record high established in early February, weighed down by concerns that the company could get caught in the crosshairs of a protracted 澳洲幸运5开奖号码历史查询:U.S.- China trade war. The stoꩵck was up about 1% at $192 in afternoon trading Friday, recovering from losses earlier in the sess꧒ion.
Since bottoming out last month, Amazon shares have consolidated within a 澳洲幸运5开奖号码历史查询:rising wedge. More recently, the price has rallied toward the wedge’s top trendline and 澳洲幸运5开奖号码历史查询:50-day moving average (MA), a move that has coincided with the 澳洲幸运5开奖号码历史查询:relative strength index (RSI) crossing back into bullish territory.
Let’s identify several key 澳洲幸运5开奖号码历史查询:support and resistance leve🌄ls on Amazon’s chart that will likely gain investors’ attention.
A decisive 澳洲幸运5开奖号码历史查询:breakdown below the rising wedge pattern's lower trendline could see the shares drop to around $170. This area on the chart would likely provide support near the late-April low and the trough of a minor pullback to the 200-day MA last August.
Selling below this level brings lower support at $152 into play. Bargain hunters could seek buying opportunities at a location near last year’s early August sell-off low. This region also roughly aligns with a projected bars pattern downside target that extracts the trend lower that preceded the rising wedge and repositions it from the patte♈rn’s top trendline, speculating where the shares may be headed if a continuation move lower plays out.
A breakout above the rising wedge pattern’s top trendline would likely see the stock test overhead resistance near $199. The shares may run into selling pressure in this area near a 澳洲幸运5开奖号码历史查询:horizontal line that connects a range of corresponding trading 🐬activity on the chart extending back to early July last year.
Finally, a more bullish move higher in Amazon shares could propel a move up to $216. Investors who bought at lower levels may see this as high probability area to place sell orders near the stock’s November peak and January trough.
Five Below Stock Ju�🐲�mps on Strong First Quarter Results
Five Below stock jumped ൩Friday after the retailer said its stores have been performing better than expected.
Five Below (FIVE), a chain known for toys and other inexpensive merchandise, will likely report about $967 million in sales for the current quarter—about 4.5% above the upper end of its prior guidance, the company said Friday. Five Below also anticipates first-qu♕arter compaಌrable sales rising 6.7% year over year, rather than the 2% previously expected. Five Below's fiscal first quarter ends Saturday.
The update comes as analysts and investors try to suss out whether consumers, 澳洲幸运5开奖号码历史查询:who have a dimmer economic outlook because of tariffs, will increasingly 澳洲幸运5开奖号码历史查询:turn to discount retailers. Walmart (WMT), which has seen its business of upper-income shoppers rise while discount chains have seen shoppers 澳洲幸运5开奖号码历史查询:trading down, is slated to release earnings on May 15.
Five Below, which has 1,800 stores, will release its final quarterly figures in early June, according t🍷o the company. The company also expects to elevate director Mike Devine to chair in June, it said, a position that has been held by founder Tom Vellios, who plans to stay on in a🌞n advisory capacity until the end of 2025.
Five Below has also moved quicker on its expansion than anticipated. The company believes it will have added 55, rather than 50, locations when the quarter ends, the🎶 release said.
Shares of Five Below were recently up nearly 12%, though they’ve still lost more thꦐan 40% of their value in the past year.
Wall Street Worried About Tariff Impact on Apple
Apple (AAPL) shares slid Friday amid worries about tariffs after CEO Tim Cook warned they could cost the company 澳洲幸运5开奖号码历史查询:$900 million this quarter.
“The elephant in the room continues to be the tariff tornado with Apple and Cook caught in the eye of the storm,” Wedbush analysts said after the company released its 澳洲幸运5开奖号码历史查询:fiscal second-quarter earnings, which topped analysts' estimates. Still, the analysts remain bullish on the stock and raised their price target to $270 from $250, based in part on Cook’s assertion during Apple’s earnings call that most iPhones sold in the U.S. this quarter will come 澳洲幸运5开奖号码历史查询:from India, rather than China.
Cook’s comments come amid concerns Apple could be particularly hurt by trade tensions with China, where Apple manufactured an estimated 90% of its products until recently. Most Apple products are exempt from President Trump's 125% 澳洲幸运5开奖号码历史查询:"reciprocal" tariffs on Chinese goods, but still affected by the 20%꧋ import tax the White House put in place ear👍lier in the year to combat fentanyl trafficking, Cook noted during Thursday's call.
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Liu Bin / Xinhua / Getty Images
JPMorgan analysts on Friday cut their price target for Apple to $240 from $250, and Bank of America moved to $235 from $240. JPMorg🍸an warned Apple may be able to get ahead of the impact of tariffs by building up inventory, but that benefit will fade the lon꧅ger the levies are in place.
Apple shares were down 4% recently at $205. The stock has lost 🃏nearly a fifth of its value since th🌌e start of the year.
Last week, Trump said he expects tariffs on China 澳洲幸运5开奖号码历史查询:“will come down substantially” in trade negotiations but not drop to zero. This week, a spokesman for China's Commerce Ministry said Beijing is "currently evaluating" U.S. proposals to 澳洲幸运5开奖号码历史查询:start trade talks.
Analysts Remain Bullish on Amazon Despite Tariff Uncertainty
Analysts are staying bullish on Amazon (AMZN) stock even though the online retail and tech giant issued a relatively conservative 澳洲幸运5开奖号码历史查询:second-quarter outlook after the bell Thursday.
Analysts from Wedbush, UBS, Bank of America, and JPMorgan all maintained their "buy" ratings following the report. All 26 analysts tracked by Visible Alpha who cover the stock call it a "buy."
Wedbush, Bank of America, and JPMorgan analysts lifted their price targets to $235, $230 and $ജ225, res🤡pectively, from $225, $225 and $220, bringing each closer to the Visible Alpha consensus of $233.64. UBS analysts, however, reduced their bullish target to $249 from $253.
Amazon shares♒ were down slightly at $189 in recent trading. The stock, a Dow component, has lost about 14% of its value since the start of the year.
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Amazon executives said in Thursday's earnings call that the company has not yet seen any weakness in online shopping, and if anything they have seen increased levels of buying as consumers look to get ahead of the impact of tariffs.
"While we hesitate to call this earnings report an inflection point as we are still in the dark about further tariff/policy moves, we believe we are seeing a tactical buy signal for AMZN shares," UBS analysts wrote.
Wedbush analysts said Amazon has "multiple levers of sustainable margin improvement," including increasing optimization and automation in its retail supply chain.
All four analysts said that the company's Amazon Web Services platform could see strong growth in the second half of this year as it increases compute capacity, as Amazon has said its AWS sales have been limited by supply so far this year. JPMorgan analysts said that "while AWS is bringing on more capacity, that incremental supply is being consumed quickly."
S&P 500 on Track for Longest Winning Streak in Two Decades
The⛄ benchmark U.S. stock index is on track to notchജ its longest winning streak in two decades.
The S&P🎃 500 was up more than 1% in recent trading, putting the index on course to close higher for the ninth consecutive session, which woul⭕d be its longest streak since November 2004.
Friday's rally also put the S&P 500 on track to erase all of its post-"Liberation Day" losses. The index, which in mid-April was down more than 15% from the start of the year, is now down less than 4% year-to-date.
Investors have slowly regained their appetite for risk after President Trump’s “Liberation Day” tariff announcement in early April prompted one of 澳洲幸运5开奖号码历史查询:the worst stock sell-offs in decades. A slew of solid earnings reports and hope for tariff relief have helped the S&P 500 rise nearly 9% in 🅺the last eight sessions, its biggest rally of that length since November 2020 when stocks were buoyed by the completion ofꦇ Covid-19 vaccines.
Block Stock Tumbles on Weak Results, 'Cautious' Guidance
Shares of Block (XYZ) lost more than a fifth of their value in early trading Friday, a day after the payments technology provider🍬 posted worse-than-expected results and guidance as it warned about economic conditions ahead.
The operator of Square and Cash App reported first quarter adjusted earnings per share of $0.56, well short of the $0.92 an𒆙alysts surveyed by Visible Alpha were looking for. Revenue declined 3% year-over-year to $5.77 billion, also missing forecasts.
澳洲幸运5开奖号码历史查询:Gross profit rose 9% to $2.29 billion, and payment volume increased 4.4ꦏ% to $56.80 billion. However, they were below expectations as well.
The results were dragged by falling bitcoin revenue, which slid 16% to $2.30 billion, and CEO Jack Dorsey explained that Cash App didn't perform as anticipated as the company "saw changes to consumer spending as the quarter progressed that we believe drove the majority of our forecast miss."
COO and CFO Amrita Ahuja added that "we're operating in a more dynamic macro environment, so we've reflected a more cautious stance on the macro backdrop into our guidance."
Block sees current-quarter gross profit of $2.45 billion and full-year gro﷽ss profit of $9.96 billion. The Visible Alpha estimates wꦫere for $2.54 billion and $10.18 billion, respectively.
Block shares were down 21% recently, trading aဣt their lowest levels since late 2023.
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Apple Sees Tariffs Taking a Bite Out of Results This Quarter
Apple (AAPL) CEO Tim Cook said the Trump administration’s tariffs, if they remain at their current levels,♛ will cost Apple about $900 million in the current quarter that runs through June.
During the company’s 澳洲幸运5开奖号码历史查询:quarterly earnings call Thursday, Cook said a majority of iPhones sold in the U.S. this quarter will come 澳洲幸运5开奖号码历史查询:from India, rathe꧑r than China, with iPad, Mac, Apple Watch and other products coming mostಞly from Vietnam.
The comments come amid concerns the company could be particularly hurt by trade tensions with China, where Apple manufactured an estimated 90% of its products until recently. Most Apple products are exempt from President Trump's 125% 澳洲幸运5开奖号码历史查询:"reciprocal" tariffs on Chineᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚse goods, but still affected by the 20% import tax the White House put🍒 in place earlier in the year to combat fentanyl trafficking, Cook noted.
Cook also warned the impact of tariffs to Apple's results could change, given the company is “uncertain of potential future actions” the administration could take. Trump has said he expects tariffs on China 澳洲幸运5开奖号码历史查询:“will come down substantially” in trade negotiaꦚtions but not drop to zero.
Apple reported fiscal second-quarter revenue and earnings that 澳洲幸运5开奖号码历史查询:surpassed analysts’ expectations, with higher-than-expected iPhone sales.
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Shares of Apple were dowꦅn about 5% in early trading Friday. The stock has lost about 19% of its value since ꧂the start of the year.
Bitcoin Levels to Watch as $100,000 Back in Sight
Bitcoin (BTCUSD) has surged to ♎its highest point in more than two months, putting it back within reach of the psychological $100,000 le💮vel.
Bitcoin is up about 30% from its early-April low as investors have sought to 澳洲幸运5开奖号码历史查询:diversify their portfolios amid uncertainty surrounding the Trump administration’s trade policies and their potential impact on the economy. Amid recent market turmoil, bitcoin and stocks have occasionally moved in opposite directions, evidence to some investors that the cryptocurrency is finally showing its worth as a safe haven.
After breaking out from a a 澳洲幸运5开奖号码历史查询:descending channel last month, bitcoin’s price rallied sharply before consolidating in a narrow pennant pattern.
In a win for the bulls, the pioneer cryptocurrency staged a breakout above the pennant’s top trendline Thursday, setting the stage for a continuation move higher. Moreover, the 澳洲幸运5开奖号码历史查询:relative strength index confirms bullish price momentum, with the indicator edging toward overbought te🐷rritory.
However, it’s worth pointing out that 澳洲幸运5开奖号码历史查询:trading volumes have been below average during bitcoin’s recent bullish 澳洲幸运5开奖号码历史查询:price action, suggesting larger 🔯market participants may remain on the sidelines.
Investors should watch crucial overhead levels on bitcoin's chart around $100,000 and $107,000, while also eyeing key support near $92,000 and $85,000.
The legacy cryptocurrency was at $97,000 recently, still below its record high of around $109,000 in January but up from last month's low below $75,000.
Read the full 澳洲幸运5开奖号码历史查询:technical analysis piece here.
Major Stock Index Futures Point to Gains
Future﷽s tied to the Dow Jones Industrial Averaౠge were up 0.4%.
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S&P 500 futures also rose 0.4%.
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Nasdaq 100 futures were up 0.2%.
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