Dow, Nasdaq Add Over 450 Points As Tech Stocks Rally

A megacap tech rally powered Wall Street's gains on Thursday, with all three major indexes extending their win streaks to three days. The Dow and Nasdaq each added more than 450 points, brushing off remarks from China noting that no trade talks were happening with the U.S. The S&P 500 also rallied, after comments from Amazon.com (AMZN) and Nvidia (NVDA) indicated artificial intelligence (AI) data center demand remains strong.

Meanwhile, Treasury Secretary Scott Bessent said a trade agreement with South Korea could come “as soon as next week.” Traders also unpacked dismal existing home sales data for March and a slew of earnings reports before tomorrow's jobs data. Missing out on today's rally, the Cboe Volatility Index (VIX) marked a third-straight loss and slipped back below 30.

Closing Index Summary April 242025

NYSE and Nasdaq April 242025

Earnings April 242025

Unusual Options April 242025


OIL, GOLD PRICES EDGE HIGHER 

Oil prices settled slightly higher on Thursday, as investors weighed a potential output hike from the Organization of the Petroleum Exporting Countries and its allies (OPEC+), mixed tariff news, and Russia-Ukraine war updates. June-dated West Texas Intermediate (WTI) crude rose 16 cents, or 9.3%, to finish at $62.43 per barrel.

Gold prices also finished higher as the greenback eased, with all eyes on China-U.S. trade comments. June-dated gold added 1.7% to settle at $3,348.60 an ounce.


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