U.S. Equity Markets Close Higher, Boosted by Tech Rally – April 24, 2025

U.S. Equity Markets Close Higher, Boosted by Tech Rally – April 24, 2025

Market Performance:

Nasdaq Composite: +2.7% → 17,166.04

S&P 500: +2% → 5,484.78

Dow Jones Industrial Average: +1.2% → 40,093.40

Top Performing Sectors: Technology (+3.5%), Industrials

Lagging Sector: Consumer Staples (only sector in the red)

Treasury Yields:

10-Year Yield: ↓ 7.8 bps → 4.31%

2-Year Yield: ↓ 7 bps → 3.79%

Commodities:

Crude Oil (WTI, June): +0.8% → $62.77 per barrel

Gold: +1.9% → $3,357.20 per troy ounce

Silver: +0.02% → $33.56 per troy ounce

Top Movers – Company Highlights

Top Gainers:

ServiceNow (NOW): +16%

Reported strong Q1 results exceeding expectations, driven by demand for AI solutions.

Hasbro (HAS): +15%

Beat Q1 estimates and extended its licensing partnership with Walt Disney (DIS).

Top Losers:

LKQ Corporation (LKQ): -12%

Q1 adjusted earnings declined YoY; revenue missed analyst projections.

Procter & Gamble (PG): -3.8%

Lowered full-year outlook due to market volatility; Q3 sales came in below estimates.