Day Traders Diary

4/24/25

The major averages closed higher for a third straight day following better than expected earnings and more optimism regarding trade tariffs. The Dow Jones Industrial Average closed up 486 points even as components like IBM weighed on the average. The S&P 500 rose 108 points or 2% while the Nasdaq rose 457 points or 2.7%.

Better than expected earnings from the likes of ServiceNow, Texas Instruments and Lam Research are leading the sector higher. Nvidia, Meta, Amazon, Tesla and Microsoft are all higher today. IBM is the biggest dog down 6% following earnings.

A number of stocks lower following earnings are blaming the tariffs and possible ramifications. PG and Pepsi are both down over 3% on tariff concerns.

The 10-year Treasury yield fell 8 basis points to 4.30%, while the 2-year Treasury yield was down 7 basis points to 3.78%. Yields are lower as investors continue to weigh the latest development on the global trade front, as well as President Donald Trump backtracking on plans to fire the Federal Reserve chief.

Oil closed higher. Gold was up nearly 2% still near all time highs while bitcoin was modestly higher still above $90,000.

The major averages are working on a great week, but for the month, the S&P 500 slipped 3.5% since April 2. The Dow has declined 5.3%, while the Nasdaq has lost 2.8%.