US Market News Digest for May 1

US market rebounds despite GDP decline

The US stock market weathered notable volatility in April, but a successful rally helped major indices recoup losses. Despite data showing a 0.3% contraction in US GDP for the first quarter, the market showed resilience as investors shifted their focus to encouraging signals from the labor market and stable consumer demand.

Additional support came from White House commentary framing the GDP dip as temporary, pointing to rising imports as an indication of sustained domestic activity. Follow the link for details.

Indices edge higher on tariff optimism and consumer strength

Despite the decline in GDP, equity benchmarks, including the S&P 500, posted gains bolstered by expectations that the US administration might roll back certain trade tariffs. This renewed investor confidence in a future economic recovery.

Reports showing increases in personal income and spending also supported US stock indices, boosting equity interest and temporarily easing recession fears. Follow the link for details.

As a reminder, InstaForex offers top-tier conditions for trading stock indices, equities, and bonds, enabling you to profit from changing market dynamics.