Overview

• The S&P 500, Dow Jones, and Nasdaq all posted gains on May 1, marking an eight-day rally for U.S. markets, their longest winning streak since 2023.
• Technology stocks led the charge, with Microsoft shares rising 8.6% and Meta climbing over 4% after both companies beat quarterly earnings expectations.
• Bitcoin surged past $97,000, its highest level in over two months, further boosting investor sentiment in the crypto sector.
• Economic data reflected ongoing challenges, including a second month of contraction in manufacturing activity and rising price pressures linked to April's tariff measures.
• McDonald’s reported weaker-than-expected revenue, highlighting continued caution among consumers grappling with economic uncertainty.