In today’s evening market roundup, the focus shifts to upcoming economic indicators and the continued performance of major sectors, particularly in tech and industrials. The much-anticipated jobs report for April is set to be released at 8:30 a.m. ET, with coverage on CNBC’s “Squawk Box” featuring insights from notable hosts such as Becky Quick, Andrew Ross Sorkin, and Joe Kernen. Analysts predict that the Dow may report around 55,000 jobs created in April. Current betting trends reveal that roughly 61% of participants believe the number will exceed 50,000, while a notable 43% think it could surpass 80,000.
In the realm of technology, the S&P 500’s tech sector has seen an impressive uptick in performance, gaining over 4% in just four days. Notably, Alphabet has hit new highs, appreciating 30% in the past month. Apple also marked its first 52-week high, remaining flat for the day, yet still boasts a 13.4% increase over the last month. Other tech giants like Intel and Qualcomm have witnessed significant surges as well, with Intel soaring 107% in the past month and Qualcomm seeing gains of 63%.
Meanwhile, the S&P 500 industrials sector has enjoyed a solid 6% increase over the past month, despite a slight decline from its March peak. Companies like Howmet, Caterpillar, Cummins, and Generac have all reached new highs, reflecting a robust industrial environment, with Caterpillar rising 23.6% and Generac soaring approximately 40% in the past month alone.
Turning to international markets, Toyota will release its earnings early Friday morning. The automaker has struggled recently, with shares down 22.6% over the past three months, reflecting an ongoing downward trend since February.
In the fast-food sector, McDonald’s shared its latest quarterly results and same-store sales figures today. However, despite solid earnings, the stock has dipped to its lowest point since January 2025.
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