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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SPX
S&P 500 Index
6827.42
6827.42
6827.42
6899.86
6801.80
-73.58
-1.07%
--
DJI
Dow Jones Industrial Average
48458.04
48458.04
48458.04
48886.86
48334.10
-245.98
-0.51%
--
IXIC
NASDAQ Composite Index
23195.16
23195.16
23195.16
23554.89
23094.51
-398.69
-1.69%
--
USDX
US Dollar Index
97.950
98.030
97.950
98.500
97.950
-0.370
-0.38%
--
EURUSD
Euro / US Dollar
1.17394
1.17409
1.17394
1.17496
1.17192
+0.00011
+ 0.01%
--
GBPUSD
Pound Sterling / US Dollar
1.33707
1.33732
1.33707
1.33997
1.33419
-0.00148
-0.11%
--
XAUUSD
Gold / US Dollar
4299.39
4299.39
4299.39
4353.41
4257.10
+20.10
+ 0.47%
--
WTI
Light Sweet Crude Oil
57.233
57.485
57.233
58.011
56.969
-0.408
-0.71%
--

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Pentagon Says Two USA Army Soldiers And One Civilian USA Interpreter Were Killed, And Three Were Wounded In Syria

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Israel Says It Kills Senior Hamas Commander Raed Saed In Gaza

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Ukraine's Navy Says Russian Drone Attack Hit Civilian Turkish Vessel Carrying Sunflower Oil To Egypt On Saturday

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Israeli Military Says It Put Planned Strike On South Lebanon Site On Hold After Lebanese Army Requested Access

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Norwegian Nobel Committee: Calls On The Belarusian Authorities To Release All Political Prisoners

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Norwegian Nobel Committee: His Freedom Is A Deeply Welcome And Long-Awaited Moment

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Ukraine Says It Received 114 Prisoners From Belarus

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USA Embassy In Lithuania: Maria Kalesnikava Is Not Going To Vilnius

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USA Embassy In Lithuania: Other Prisoners Are Being Sent From Belarus To Ukraine

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Ukraine President Zelenskiy: Five Ukrainians Released By Belarus In US-Brokered Deal

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USA Vilnius Embassy: USA Stands Ready For "Additional Engagement With Belarus That Advances USA Interests"

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USA Vilnius Embassy: Belarus, USA, Other Citizens Among The Prisoners Released Into Lithuania

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USA Vilnius Embassy: USA Will Continue Diplomatic Efforts To Free The Remaining Political Prisoners In Belarus

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USA Vilnius Embassy: Belarus Releases 123 Prisoners Following Meeting Of President Trump's Envoy Coale And Belarus President Lukashenko

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USA Vilnius Embassy: Masatoshi Nakanishi, Aliaksandr Syrytsa Are Among The Prisoners Released By Belarus

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USA Vilnius Embassy: Maria Kalesnikava And Viktor Babaryka Are Among The Prisoners Released By Belarus

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USA Vilnius Embassy: Nobel Peace Prize Laureate Ales Bialiatski Is Among The Prisoners Released By Belarus

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Belarusian Presidential Administration Telegram Channel: Lukashenko Has Pardoned 123 Prisoners As Part Of Deal With US

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Two Local Syrian Officials: Joint US-Syrian Military Patrol In Central Syria Came Under Fire From Unknown Assailants

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Israeli Military Says It Targeted 'Key Hamas Terrorist' In Gaza City

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          Conflict Spreads As India, Pakistan Fight With Drones And Missiles

          Michelle

          Political

          Summary:

          Pakistan and India accused each other of launching drone attacks on Thursday, and Islamabad’s Defence Minister said further retaliation was “increasingly certain”, on the second day of major clashes between the nuclear-armed neighbours.

          Pakistan and India accused each other of launching drone attacks on Thursday, and Islamabad’s Defence Minister said further retaliation was “increasingly certain”, on the second day of major clashes between the nuclear-armed neighbours.

          Pakistan said it shot down 25 drones from India, while India said it air defences had stopped Pakistani drone and missile attacks on military targets, dashing hopes they would soon bow to pressure to end their worst confrontation in more than two decades.

          World powers from the U.S. to Russia and China have called for calm in one of the world's most dangerous, and most populated, nuclear flashpoint regions. The U.S. Consulate General in Pakistan's Lahore ordered staff to shelter in place.

          Thursday's reported exchanges came a day after India said it hit nine "terrorist infrastructure" sites in Pakistan in retaliation for what it says was a deadly Islamabad-backed attack in Indian Kashmir on April 22.

          Pakistan says it was not involved and denied that any the sites hit by India were militant bases. It said it shot down five Indian aircraft on Wednesday, a report the Indian embassy in Beijing dismissed as "misinformation".

          Pakistani retaliation "is increasingly becoming certain now," Pakistan's Defence Minister, Khawaja Muhammad Asif, told Reuters. "I will still refrain from saying it is 100%. But the situation has become very difficult. We have to respond."

          The relationship between India and Pakistan has been fraught with tension since they gained independence from colonial Britain in 1947. The countries have fought three wars, two of them over Kashmir, and clashed many times.

          The countries that both claim Kashmir in full and rule over parts of it separately acquired nuclear weapons in the 1990s.

          TRADING HALTED

          Trading was halted on Pakistan's benchmark share index (.KSE), opens new tab after the index slumped 6.3% on news of the drone attacks. Pakistan's international bonds extended their losses with the 2036 bond down 2.4 cents to bid at 72.4 cents.

          Indian equities, rupee and bonds fell sharply in late afternoon trading after the Indian defence ministry statement, with the stock market benchmark Nifty 50 (.NSEI), opens new tab settling 0.58% lower in the most volatile trading session in a month.

          Pakistan shot down 25 Israeli-made drones from India at multiple locations, including the two largest cities of Karachi and Lahore, and their debris is being collected, Pakistan military spokesperson Ahmed Sharif Chaudhry said.

          One drone was also shot down over the garrison city of Rawalpindi, home to the Pakistan army's heavily fortified headquarters, he added.

          One drone hit a military target near Lahore and four personnel of the Pakistan army were injured in this attack, Chaudhry said.

          "Indian drones continue to be sent into Pakistan airspace...(India) will continue to pay dearly for this naked aggression," he said.

          The Indian defence ministry said Pakistan attempted to engage a number of military targets in northern and western India from Wednesday night into Thursday morning and they were "neutralised" by Indian air defence systems.

          In response, Indian forces targeted air defence radars and systems at a number of locations in Pakistan on Thursday, the ministry said. The "Indian response has been in the same domain with the same intensity as Pakistan," it added.

          The Indian ministry accused Pakistan of increasing the intensity of its firing across the ceasefire line, the de facto border, in Kashmir. Sixteen people, including five children and three women, were killed on the Indian side, the statement said.

          Graphic: Graphics showing the military power of India and Pakistan

          Pakistan says at least 31 of its civilians were killed and about 50 wounded in Wednesday's strikes and in cross-border shelling across the frontier in Kashmir that followed, while India says 13 of its civilians died and 59 were wounded.

          On Thursday, Indian government ministers told a meeting of political parties in New Delhi that the strikes on Pakistan had killed more than 100 militants and that the count was still ongoing, government sources said.

          Pakistan's Information Minister Attaullah Tarar told parliament that Pakistani forces had killed 40-50 Indian soldiers on the de-facto border in Kashmir and "blown" Indian military installations.

          Reuters could not independently verify claims of both countries.

          Blackout drills were conducted in India's border regions on Wednesday night.

          Local media reported panic buying in some cities in the Indian state of Punjab which shares a border with Pakistan, as people hoarded essentials fearing a Pakistani retaliation to the Indian strikes.

          Indian Foreign Minister Subrahmanyam Jaishankar said New Delhi did not intend to escalate the situation. "However, if there are military attacks on us, there should be no doubt that it will be met with a very, very firm response," he said at a India-Iran Joint Commission Meeting.

          His Pakistani counterpart, Ishaq Dar, told Reuters that there have been contacts between the offices of the national security advisers of the two countries and the hotline between their heads of military operations was also working. He did not give more details.

          Source: Reuters

          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
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          The Fed will 'wait and see' if something bad happens in US economy

          Adam

          Economic

          Central Bank

          Time and again, the chair came back to the idea that the Fed has an ability, and an obligation, to wait and see how developments evolve on tariff policy and any economic distortions that follow.
          The first distortion, as the Fed noted in its policy statement, came from export data that dragged down first quarter GDP. Powell also noted survey data reflects considerable uncertainty among businesses and households. And ongoing trade negotiations make the outlook hard to peg too.
          "For the time being, we're well-positioned to wait for greater clarity before considering any adjustments to our policy stance," Powell said in prepared remarks Wednesday. And as the Fed chair's Q&A evolved, the theme recurred.
          But what began as an insistence toward patience eventually announced itself as the outlines of a plan, in the end, not to be preemptive but reactive. Specifically, the central bank will wait and see if things get worse in the US economy. And only then will it be compelled to move.
          Back in 2019, Powell noted the economy showed some signs of weakening and, with inflation running below the Fed's 2% target, the central bank cut rates three times to stave off a further slowdown. Before the pandemic rocked the global economy, the Fed and markets enjoyed what some called one of the "easiest years ever for investors."
          In 2025, the central bank is in no such situation.
          Today, inflation is running above the Fed's 2% target. The prospect of tariffs likely lifts inflation — even if temporarily — further away from that goal. Powell also acknowledged that some are making forecasts for a weakening economy, even a recession.
          "My gut tells me that uncertainty about the path of the economy is extremely elevated, and that the downside risks have increased," Powell said during his press conference.
          In its policy statement, the central bank noted that since March, "Uncertainty about the economic outlook has increased further." It added, "The Committee is attentive to the risks to both sides of its dual mandate and judges that the risks of higher unemployment and higher inflation have risen."
          Still, attentiveness does not create an ability to anticipate.
          "In any case, [the current economy is] not a situation where we can be preemptive because we actually don't know what the right response to the data will be until we see more data," Powell said.
          Just moments before the Fed's announcement on Wednesday, President Trump said he had no plans to pare back 145% tariffs on China.
          And as economic developments effectively speed up, Powell argued the Fed's approach must be to slow down. Markets still expect the Fed to cut rates three times this year, but the prospects of a rate cut next month dimmed further on Wednesday.
          "We'll know more with each week and month that goes by about where tariffs are going to land," Powell said. "And we'll know what the effects will be when we start to see those things. So we think we'll be learning. I can't tell you how long it will take, but for now it does seem like it's a fairly clear decision for us to wait and see and watch."

          Source: finance.yahoo

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          Spot gold trades at $3,350/oz after U.S. weekly jobless claims fall to 228k

          Adam

          Commodity

          Gold prices are holding near-term support above $3,350 per ounce following the release of better-than-expected labor market data after the number of Americans filing new claims for unemployment benefits came in below economists’ forecasts.
          Initial claims for state unemployment benefits came in at seasonally adjusted 228,000 for the week ending May 3, the Labor Department announced on Thursday. The number was slightly better than expectations, as consensus estimates forecasted a reading of 230,000 claims. The previous week’s figure was unrevised at 241,000.
          Spot gold sold off overnight, hitting a session low of $3,320.38 just before 3 a.m. EDT, but has been climbing steadily since. Spot gold last traded at $3,350.80 per ounce for a loss of 0.40% on the session.
          Spot gold trades at $3,350/oz after U.S. weekly jobless claims fall to 228k_1
          Meanwhile, the four-week moving average for new claims – often viewed as a more reliable measure of the labor market since it flattens week-to-week volatility – came in at 227,000 against expectations for a 230,000 reading, and following the previous week's unrevised average of 226,000.
          Continuing jobless claims, which represent the number of people already receiving benefits, were at 1.879 million during the week ending April 26, lower than the expected 1.890 million reading and also below the previous week’s downwardly revised 1.908 million level.

          Source: kitco

          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          EU Prepares for Trade Retaliation if Negotiation with US Fails

          Warren Takunda

          Economic

          China–U.S. Trade War

          A new series of US products has been targeted for potential EU tariffs including aerospace champion Boeing, in case negotiations with the US administration end in deadlock, the European Commission announced on Thursday.
          “We believe there are good deals to be made for the benefit of consumers and businesses on both sides of the Atlantic,” Commission’s president Ursula von der Leyen said in a statement adding, however: “At the same time, we continue preparing for all possibilities.”
          Since mid-March the US has imposed 25% tariffs on EU aluminium and steel, 25% on cars and a 10% blanket tariff on all EU imports.
          US products that could be hit by the EU include agri-food products such as processed fruits, nuts, vegetables, as well as fish, industrial products such as automotives, electrical equipment, engines and machinery. The list also targets Boeing and Bourbon Whiskey.
          The new retaliatory measures, if used by the EU, will add to the list of US products already hit by EU tariffs which were suspended after US President Donald Trump announced a 90-day pause in the war waged against his trading partners around the world after threatening them with so-called "reciprocal" tariffs on 2 April, which would have hit EU imports with 20% tariffs.
          US tariffs now cover 70% of EU exports to the US and could rise to 97% if further US investigations into pharmaceuticals, semiconductors and other products result in more tariffs.
          The list of US products targeted by the EU will now be open to consultation by EU industries until 10 June, before approval by EU member states, as well as possible restrictions on certain EU exports of steel scrap and chemical products to the US worth €4.4 billion.
          The level of EU tariffs that could hit the new list of US products will be decided at a later date.
          On Thursday, the Commission also announced it will challenge the 10% blanket tariffs and tariffs on cars before the WTO.
          US services are not threatened by Thursday’s proposed EU countermeasures, but an EU official said that all “options were on the table” if negotiations with the US fails.
          EU top officials were in Washington on Tuesday and Wednesday, led by Sabine Weyand, chief of DG trade at the Commission, to meet their US counterparts. The discussion appear to have been fruitless, as no deal has been announced.
          The EU official said that the EU was not presenting a “retaliation” package but was looking for a “rebalancing” of the trade relation with the US, if no deal was reached.

          Source: Euronews

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          EU to File Dispute Against US Tariffs With World Trade Organization

          Glendon

          Economic

          Forex

          The European Union is taking formal steps to challenge the United States over its tariff policies, announcing Thursday that it will file a case with the World Trade Organization. The dispute centers around the US’s imposition of tariffs on cars and car parts from the EU, which Brussels sees as a “clear violation of international trade rules.”

          According to a statement from the European Commission, the bloc will initiate the process by formally requesting consultations with the US through the WTO’s dispute settlement mechanism.

          The Commission claims that US tariffs have breached WTO rules, vowing to “reinstate” the legitimacy of multilateral trade agreements.

          “It is the unequivocal view of the EU that these [US] tariffs blatantly violate fundamental WTO rules,” the Commission stated. “The EU’s objective is thus to reaffirm that internationally agreed rules matter, and these cannot be unilaterally disregarded by any WTO member, including the US.”

          Tariff dispute escalates, EU prepares countermeasures

          The Trump administration has threatened a 20% reciprocal tariff on all imports from the EU and implemented a 25% tariff on all imported vehicles, directly affecting European automakers.

          European Trade Commissioner Maros Sefcovic said at a press conference Wednesday that the EU could negotiate for a resolution, but it is preparing for “any scenario.”

          In parallel with the WTO filing, the Commission has opened a public consultation on a list of US products that could be hit with countermeasures if talks fail. The targeted goods span industrial and agricultural sectors and are valued at €95 billion ($107.4 billion).

          The bloc drew up a 200-page list of more than 4,800 US products that could face tariffs, including passenger cars, medical devices, chemicals, plastics, and agricultural products. Bourbon and other American spirits have also reappeared on the list, reportedly after pressure from France and Italy, which had earlier lobbied to exclude them to avoid provoking a stronger response from Trump on their own wine exports.

          According to Eurostat data, European bloc imports of the targeted goods totaled over €109 billion ($123 billion) in 2024. Among them, aircraft accounted for the largest share at more than €13 billion, followed by automobiles at €7 billion.

          In addition to retaliatory tariffs, it is weighing restrictions on exports of scrap steel and certain chemical products to the US, which could affect roughly €4.4 billion ($5 billion) in trade.

          As reported in late April by Cryptopolitan, the union temporarily suspended some of its retaliatory measures introduced earlier in April to give diplomatic efforts a chance. That package targets €21 billion ($24.1 billion) worth of US goods with potential 25% tariffs, affecting sectors like agriculture and textiles.

          Commission President Ursula von der Leyen reiterated that the bloc prefers diplomacy. “The EU is ready to find negotiated outcomes with the US. We believe there are good deals to be made for the benefit of consumers and businesses on both sides of the Atlantic,” von der Leyen said in a Thursday statement.

          EU eases car emission rules to boost domestic industry

          The European bloc approved an initiative this week that involves loosening emissions regulations to give carmakers flexibility in meeting carbon targets.

          Under a scheme proposed in March by Commission President von der Leyen, manufacturers will now be able to average vehicle emissions over a three-year period from 2025 to 2027. Previously, companies faced fines if they missed the emissions target in any single year. The change was approved in Strasbourg with a majority of 458 to 101 votes.

          The European Automobile Manufacturers’ Association (ACEA) said the reform was a “much-needed flexibility” in meeting CO2 targets in their transition toward zero-emission mobility.

          “This is incomprehensible. It is yet another step back in the fight against climate change,” said Bricmont, who represents Belgium.

          Source: CryptoSlate

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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          Dow Jones Futures Rally On Trump's 'Major Trade Deal'; Nvidia Partner Arm Dives On Earnings

          Adam

          Stocks

          Futures for the Dow Jones Industrial Average and other major stock indexes rallied Thursday, as Wall Street cheered President Donald Trump's "major trade deal" with the United Kingdom. Meanwhile, Nvidia (NVDA) partner Arm Holdings (ARM) plunged on earnings.
          Ahead of the opening bell, Dow Jones futures rose 0.5%, or more than 200 points. S&P 500 futures gained 0.7% as tech-heavy Nasdaq 100 futures moved up 1.1%.
          The 10-year Treasury yield ticked higher to 4.3% early Thursday. Meanwhile, oil prices rose, as West Texas Intermediate futures traded near $59.10 per barrel.
          Among exchange traded funds, the Invesco QQQ Trust (QQQ) gained 1.1%, while the SPDR S&P 500 ETF (SPY) moved up 0.7% ahead of the open.
          Arm stock plunged more than 6% Thursday premarket after the Nvidia partner beat estimates for its fiscal fourth quarter but came up short with its guidance. Nvidia stock was up 1.4% in pre-market moves. Shares of the artificial intelligence giant have moved decisively above their 50-day moving average over the last few trading sessions.

          Stock Market Today: Trump's 'Major Trade Deal'

          President Trump Thursday morning confirmed a new "full and comprehensive" trade deal with the U.K on Truth Social.
          "The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come. Because of our long time history and allegiance together, it is a great honor to have the United Kingdom as our FIRST announcement. Many other deals, which are in serious stages of negotiation, to follow!"
          Late Wednesday, President Trump said on Truth Social that he would announce a trade deal Thursday morning.
          "Big News Conference tomorrow morning at 10:00 A.M., The Oval Office, concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY. THE FIRST OF MANY!!!"
          In other economic news, the Labor Department's weekly unemployment claims fell more than expected, down to 228,000. They were expected to drop to 232,000 vs. 241,000 in the previous week.

          Earnings Movers: AppLovin, Shopify

          In stocks, Thursday's earnings movers include AppLovin (APP), Carvana (CVNA), Dutch Bros (BROS), Fortinet (FTNT) and LandBridge (LB), along with MercadoLibre (MELI), Life Time (LTH), Planet Fitness (PLNT) and Shopify (SHOP).
          AppLovin surged 14% in morning trading, while Carvana stock rallied more than 6%. Dutch Bros climbed 1.6%, but Fortinet stock plunged more than 7%. LandBridge shares edged higher as MercadoLibre leapt 9%.
          Life Time shares surged more than 4%, and Planet Fitness moved down 1.2%. Finally, Shopify tumbled 6.5% in premarket moves.

          Dow Jones Bounces

          On Wednesday, blue chips on the Dow Jones Industrial Average moved up 0.7%, or nearly 285 points, while the S&P 500 gained 0.4% and the Nasdaq rose 0.3%.
          Due to current market volatility, now is an important time to read IBD's The Big Picture column for how to handle the current market and to track the updated exposure level.
          Among the best companies to watch in the current stock market are Booking (BKNG), Commvault (CVLT) and Sea Limited (SE).
          Along with Apple (AAPL) and Nvidia, Dow Jones components also making notable moves this week were Amazon.com (AMZN), Microsoft (MSFT) and Boeing (BA).
          Check out IBD MarketSurge's "Breaking Out Today" list for top growth stocks that are moving above correct buy points. Investors also can find potential breakouts on the "Near Pivot" list. To find additional stock ideas, check IBD Stock Lists like IBD 50, Big Cap 20 and Stocks Near A Buy Zone.

          Dow Jones Stocks: Boeing Hits Buy Point

          Shares of Dow Jones component Boeing climbed 0.7% Thursday, further above a double-bottom entry at 184.40, according to MarketSurge chart analysis.
          Outside the Dow, IBD SwingTrader stock Booking is rapidly approaching a 5,282 buy point in a double bottom. Booking stock moved up 1% in premarket action.
          Recent IBD Stock Of The Day Commvault closed Wednesday just above a 174.58 double-bottom entry. Commvault shares tacked on more than 1% early Thursday.
          Finally, shares of Sea Limited are inching toward a 147.73 consolidation pattern entry, after having already rallied 115% over the past 12 months. Sea stock was up 1.1% Thursday morning.

          Dow Jones Leaders: Amazon, Apple, Microsoft

          Magnificent Seven stocks are rebounding from lows as Wall Street reacts to the fallout from President Trump's tariffs. One of them, Dow Jones component Amazon, is attempting to regain its 50-day line for the first time since Feb. 14. Amazon stock rose 1.6% in premarket action on Thursday.
          IPhone maker Apple extended a losing streak to four sessions Wednesday following last week's earnings report. But Apple shares rebounded 0.6% early Thursday.
          Microsoft stock shot up last week, retaking its 200-day line for the first time since Jan. 29. The software giant tacked on 0.6% Thursday morning.
          Finally, Tesla (TSLA) rebounded 1.2% in early action Thursday, still continuing to see stout resistance at the long-term 200-day moving average. Led by Chief Executive Elon Musk, the electric-vehicle maker remains around 42% off its record high of 488.54, reached on Dec. 18.

          Source: investors

          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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          Jobless Claims Drop Below Forecast, But Labor Market Softness Keeps Traders Cautious

          Adam

          Economic

          U.S. Jobless Claims Fall, But Labor Market Signals Remain Mixed

          Initial jobless claims in the U.S. declined by 13,000 to 228,000 in the week ending May 3, marking a return to trend following a recent uptick. However, the four-week moving average ticked up slightly to 227,000, underscoring a broader pattern of mild labor market softening without signaling significant stress.

          Insured Unemployment Drops but Remains Elevated

          The number of continuing claims, or insured unemployment, dropped to 1.879 million for the week ending April 26, down 29,000 from the prior week. The associated insured unemployment rate edged down to 1.2%, offering some reassurance about labor market health. However, the four-week average of continuing claims rose to 1.874 million, suggesting that while layoffs may be slowing, re-employment remains sluggish in some segments.

          Unadjusted Claims Show Larger Drop than Expected

          Unadjusted initial claims fell to 206,937—a sharper 7.6% drop than the 2% seasonal expectation. This outpaced last year’s level of 210,050. The decline in raw numbers points to genuine improvement in layoff activity, particularly when considered alongside the drop in unadjusted insured unemployment, which fell 2.8% to 1.846 million.

          State-Level Data Highlights Sectoral Layoff Pressures

          New York saw the largest weekly increase in initial claims (+15,418), largely due to layoffs in transportation, warehousing, public administration, and education. Massachusetts also reported a surge (+3,301), centered on the educational sector. Conversely, states like Michigan (-1,436) and Rhode Island (-1,850) saw significant declines due to fewer manufacturing and education-related layoffs, respectively. The data suggests sector-specific dislocations rather than widespread labor weakness.

          Federal Claims Stable, Extended Benefits Unused

          Claims from federal employees and newly discharged veterans were relatively flat, while total continued claims across all programs rose modestly to 1.927 million. Notably, no states triggered extended benefits, indicating that unemployment durations are not yet severe enough to require additional support layers.

          Market Forecast: Neutral-to-Bearish on Labor Conditions

          Despite the weekly improvement, the rising four-week average for both initial and continued claims indicates latent softness. While the labor market is not deteriorating rapidly, the inability to sustain momentum in re-employment may temper risk sentiment. Traders should view this data as a modest labor cooling signal—neutral for now, but with a slight bearish tilt if hiring fails to accelerate in coming weeks.

          Source : fxempire

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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