Forex Analysis & Reviews: 29.04.2025 - Stock Market for April 29th:...

InstaForex - Official partner of Dragon Racing

This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.

Become Trader

Account Opening

See also

Trading Conditions

Forex Analytics

Charts

This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.

Start as Beginner

How to start trading

Useful information

Training and recordings

InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.

Become Investor

PAMM System

ForexCopy System

Passive investments

OYS account

Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.

Become Partner

Main Page

Partner Area

Advantages for Affiliates

Registration

This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.

All Promo Campaigns

Bonuses

Contests

Events

Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.

Full details

Forums

We are in social networks

Forex humour

Forex Portal

InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.

Learn More

History

Why Choose Us

InstaSport

Regulation

Company News

Awards

InstaForex Stars

InstaForex Offline

Headquarters

Key documents

Social Responsibility

InstaForex Loprais Team - Official participant of the Dakar rally

29.04.2025 10:59 AM

Stock Market for April 29th: S&P 500 and NASDAQ Still Have Growth Potential

At the close of the previous regular session, U.S. stock indices ended mixed. The S&P 500 rose by 0.06%, while the Nasdaq 100 fell by 0.10%. The Dow Jones Industrial Average increased by 0.08%.

Asian indices climbed to their highest level in a month amid expectations that President Donald Trump will ease the impact of tariffs and possibly lift some of them — including those on automobiles — boosting hopes for a further reduction in trade tensions.

Futures on the S&P 500 index rose after a White House official announced that import tariffs on cars would be postponed. Hyundai Motor Co. led gains among South Korean automakers. The U.S. dollar index strengthened by 0.2%, while gold fell by 1.1%.

The five-day rally in U.S. equities, which began last week, marks the longest stretch of gains since November of last year. However, this week will be a major test, with upcoming data on the labor market, inflation, and economic growth. Don't forget about earnings reports from some of the largest tech companies. For now, calm prevails as the Trump administration's trade policy appears to be softening.

That said, caution is still advised — especially when it comes to portfolio positioning. Every day brings conflicting news surrounding tariff policy. Therefore, a more cautious and wait-and-see approach is currently the best strategy.

Tariff policy continues to set the tone and direction of the market, frequently appearing in headlines. Recently, Treasury Secretary Scott Bessent stated that the U.S. has put China on the back burner as it seeks trade agreements with 15–17 other countries. He also said that Beijing must take the first step toward de-escalating the tariff battle. Simultaneously, the European Union is actively pursuing trade negotiations with various countries, aiming to diversify its economic ties and strengthen its global position. Issues such as standards, regulations, and intellectual property are becoming key discussion points, shaping the future of international economic relations.

Recently, the Communist Party of China declared that the U.S. must cease its improper actions regarding tariffs. Chinese Foreign Minister Wang Yi also stated that if countries remain silent, compromise, and back down, it will only lead to another deadlock. Chinese authorities believe that the U.S. tariff hikes have disrupted the global air transport market, severely impacting both Chinese airlines and Boeing Co. However, according to Goldman Sachs, Chinese buyers remain rational and have avoided large-scale boycotts of American goods despite the ongoing U.S.-China trade conflict.

In commodities, oil stabilized after a drop caused by signs of strain in the U.S. economy. Gold edged slightly lower ahead of this week's key economic data.

Technical Outlook for the S&P 500

Today, the main goal for buyers is to break through the nearest resistance at $5520. Achieving this would support further growth and open the way for a push toward $5552. An equally important objective for bulls is to gain control over $5586, which would further solidify buyer positions.

In the event of a downward move amid declining risk appetite, buyers must assert themselves near the $5483 level. A break below this level would quickly drag the instrument back to $5443 and pave the way toward $5399.

You have already liked this post today

*Disclaimer: The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.