On Tuesday, April 29, U.S. markets closed higher as investors weighed strong corporate earnings, evolving U.S.-China tariff developments, and growing recession concerns.

The Dow led the gains, while oil and gold prices declined. Canada pushed back against Trump's trade stance, and China eased certain tariffs. Market sentiment remained sensitive to political shifts, with upcoming earnings from major AI-focused tech firms and weak U.S. consumer data in focus.

On the economic front, U.S. job openings fell to 7.19 million in March, missing expectations. Wholesale inventories rose 0.5% to $908 billion, suggesting stronger stockpiling. Meanwhile, the goods trade deficit widened sharply to $162 billion, exceeding forecasts and indicating increased import demand.

Most S&P 500 sectors closed higher, led by financials, materials, and consumer staples. Energy stocks lagged, closing lower and diverging from the broader market trend.

The Dow Jones Industrial Average rose 0.75% to 40,527.62, the S&P 500 gained 0.58% to 5,560.83, and the Nasdaq climbed 0.55% to 17,461.32.

Asia Markets Today

Eurozone at 05:45 AM ET

• The European STOXX 50 index was up 0.24%.
• Germany's DAX index gained 0.51%.
• France's CAC 40 rose 0.55%.
• U.K.'s FTSE 100 index traded higher by 0.13%.

Commodities at 05:45 AM ET

U.S. Futures at 05:45 AM ET

Dow futures were up 0.05%, S&P 500 futures declined 0.13%, and Nasdaq 100 futures slid 0.27%.

Forex at 05:45 AM ET

• The U.S. Dollar Index rose 0.23% to 99.44, USD/JPY was up 0.56% to 143.06, and USD/AUD fell 0.18% to 1.5638.
• The dollar firmed slightly Wednesday but was still heading for its weakest month since November 2022, as investors fled U.S. assets amid tariff fears.

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