The Dollar Index Rises 0.07% This Week to 96.40Data Talk

The S&P/TSX Composite Index is up 321.00 points or 1.30% this week to 25031.51

• Up for four consecutive weeks
• Up 1838.04 points or 7.92% over the last four weeks
• Largest four-week point gain since the week ending April 17, 2020
• Largest four-week percentage gain since the week ending Nov. 11, 2022
• Longest winning streak since the week ending Dec. 6, 2024, when the market rose for five straight weeks
• Today it is up 235.96 points or 0.95%
• Largest one-day point and percentage gain since Thursday, April 24, 2025
• Snaps a two-trading-day losing streak
• Up 11 of the past 15 trading days
• Off 3.01% from its record close of 25808.25 hit Thursday, Jan. 30, 2025
• Off 0.15% from the Inauguration Day close of 25067.92 on Monday, Jan. 20, 2025
• Highest closing value since Wednesday, April 2, 2025
• Off 3.01% from its 52-week high of 25808.25 hit Thursday, Jan. 30, 2025
• Up 16.33% from its 52-week low of 21516.90 hit Wednesday, June 19, 2024
• Rose 14.05% from 52 weeks ago
• Off 3.01% from its 2025 closing high of 25808.25 hit Thursday, Jan 30, 2025
• Up 11.22% from its 2025 closing low of 22506.90 hit Tuesday, April 8, 2025
• Year-to-date it is up 303.57 points or 1.23%

Source: Dow Jones Market Data, FactSet

The IPC Indice de Precios Y Cotizaciones is down 908.13 points or 1.60% this week to 55811.99

• Largest one-week point and percentage decline since the week ending April 4, 2025
• Snaps a three-week winning streak
• Today it is down 447.29 points or 0.80%
• Down two of the past three trading days
• Off 4.94% from its record close of 58711.87 hit Wednesday, Feb. 7, 2024
• Up 11.18% from the Inauguration Day close of 50201.32 on Monday, Jan 20, 2025
• Today's closing value is the fifth highest this year
• Off 3.52% from its 52-week high of 57846.08 hit Thursday, May 9, 2024
• Up 14.28% from its 52-week low of 48837.72 hit Monday, Dec. 30, 2024
• Down 2.32% from 52 weeks ago
• Off 2.05% from its 2025 closing high of 56980.13 hit Monday, April 28, 2025
• Up 14.00% from its 2025 closing low of 48957.24 hit Friday, Jan. 3, 2025
• Year-to-date it is up 6298.72 points or 12.72%

Source: Dow Jones Market Data, FactSet

The Bovespa Index is up 394.60 points or 0.29% this week to 135133.88

• Up for four consecutive weeks
• Up 7877.88 points or 6.19% over the last four weeks
• Largest four-week point and percentage gain since the week ending March 28, 2025
• Longest winning streak since the week ending Jan. 31, 2025, when the market rose for four straight weeks
• Up seven of the past nine weeks
• Today it is up 66.91 points or 0.05%
• Up eight of the past nine trading days
• Off 1.61% from its record close of 137343.96 hit Wednesday, Aug. 28, 2024
• Highest closing value since Thursday, Sept. 5, 2024
• Off 1.61% from its 52-week high of 137343.96 hit Wednesday, Aug. 28, 2024
• Up 14.01% from its 52-week low of 118532.68 hit Friday, Jan. 3, 2025
• Rose 5.16% from 52 weeks ago
• Up 14.01% from its 2025 closing low of 118532.68 hit Friday, Jan. 3, 2025
• Year-to-date it is up 14850.48 points or 12.35%

Source: Dow Jones Market Data, FactSet

Fed Reviewing Its Secret Ratings for the Nation's Biggest Banks

The Federal Reserve's incoming top banking regulator, Michelle Bowman, is seeking to review confidential ratings of the health of large banks, many of which had poor ratings last year.

Beijing Weighs Fentanyl Offer to U.S. to Start Trade Talks

Addressing the Trump team's concerns over China's role in the fentanyl crisis could let both sides soften trade stance.

Employers Added 177,000 Jobs in April Despite Tariff Uncertainty

The labor market steadily added jobs despite tariff announcements that many economists expect will give way to a slowdown later this year.

Dow Rallies on Jobs Report, Potential Beijing Offer

Stocks extended their gains after better-than-expected jobs numbers and signs of a potential thaw between the U.S. and China.

U.S. Factory Orders Rose in March

Orders from U.S. factories grew in March, rising for a third straight month, the Commerce Department said.

Week Ahead for FX, Bonds: Fed to Hold Rates, Could Signal Possible Cuts Ahead

A decision by the Federal Reserve will be the highlight of the coming week, with rates expected to be left on hold and markets expected to focus on the likelihood of rate cuts in coming months as trade tariffs take their toll on the economy.

Trump Proposes Slashing $163 Billion in Government Programs, While Boosting Military Spending

The president's budget wish list would cut health research, climate and education programs.

Apollo Invested More Than $100 Billion With Eye on Tariff-Driven Tumult

As it announced first-quarter results, the firm also said it saw opportunities to finance acquisitions by other private-equity firms amid market upheaval.

Eurozone Inflation Holds Close to Target, Lining Up New Rate Cuts to Counter Tariffs

Consumer-price inflation in the eurozone remained just above the ECB's target, teeing up more interest-rate cuts as policymakers anticipate a hit to growth from higher U.S. tariffs.

Asia Factory Activity Sputters as Trump Tariffs Hit

The first set of S&P Global's purchasing managers indexes since the Trump administration announced sweeping tariffs on dozens of countries signaled a pullback in manufacturing in the region last month.

The Standard & Poor's 500 index rose 2.9% this week as April jobs data came in above expectations.

The market benchmark ended Friday's session at 5,686.67.

The S&P slipped 0.8% in April, marking its third-consecutive monthly decline. The index is down 3.3% for the year on worries about the impacts of the Trump administration's economic policies, particularly the ongoing trade war with several countries including China.

Data released Friday by the Bureau of Labor Statistics showed total nonfarm payrolls rose by 177,000 in April, surpassing the consensus estimate compiled by Bloomberg for a 138,000 increase. The unemployment rate was steady at 4.2% in April, in line with the market view.

By sector, industrials had the largest percentage increase of this week, climbing 4.3%, followed by a 4.2% rise in communication services and a 4% advance in technology. Financials and real estate were also strong, up 3.6% and 3.4%, respectively.

Carrier Global had the largest weekly percentage increase among industrials, climbing 19% as the company posted Q1 adjusted earnings per share and revenue above analysts' mean estimates. Carrier Global also boosted its 2025 adjusted EPS outlook and said it now sees full-year sales at the top end of its prior guidance range.

In communication services, Meta Platforms was the top gainer. The Facebook parent's shares rose 9.1% as the company, which also owns WhatsApp and Instagram, reported stronger-than-expected first-quarter results and projected revenue growth for the ongoing three-month period on a sequential basis.

Energy was the lone sector that posted a weekly decline, slipping 0.7%. The sector's drop came as crude oil futures fell on the week. Decliners included Targa Resources , whose shares fell 8.9% as the company reported Q1 net income and revenue below consensus views.

Next week's earnings calendar features Advanced Micro Devices (AMD), Uber Technologies (UBER), Walt Disney (DIS), Shopify (SHOP) and ConocoPhillips (COP).

Economic data will include the March trade deficit, consumer credit and wholesale inventories, and Q1 productivity. Also, the Federal Reserve's Federal Open Market Committee will hold a two-day meeting, concluding with a press conference.

In New York, the Dow Jones Index went up by 561 points or 1.38 percent on Friday.

Top gainers were Nike (3.19%), Caterpillar (3.08%) and American Express (2.97%).