U.S. equities edged higher on Monday, April 28 as investors awaited a wave of first-quarter earnings reports and key economic signals. The S&P 500 saw its fifth consecutive gain, inching up 0.1% and marking its longest winning streak since November 2024. The Dow Jones Industrial Average rose 0.3%, while the Nasdaq composite dipped slightly by 0.1%.

In fixed income, the 10-year U.S. Treasury yield declined by 4.9 basis points to 4.2%, continuing a downward trend.

U.S. equities continued their gains on Tuesday after news of America’s first trade deal of the year improved investor sentiment. The S&P 500 rose 0.6%, with its longest streak since March 2022, despite logging the weakest first 100 days under a new president in 50 years. The Dow climbed 0.7% and the Nasdaq added 0.5%, reflecting broader investor optimism. Treasury yields slipped again, with the 10-year yield down 3.4 basis points to 4.2%, trading near multi-week lows. 

Momentum drew back on Wednesday because of a weaker-than-expected GDP report. In the first quarter of 2025, the U.S. economy contracted at an annualized rate of 0.3%, marking the first decline in GDP since early 2022. The S&P 500 edged up 0.1%, logging its seventh straight daily gain. The Dow rose 0.3%, while the Nasdaq slipped 0.1%.

On Thursday, U.S. stocks rallied as investors digested a wave of significant corporate earnings. The S&P 500 rose 0.6%, the Dow added 0.2% and the Nasdaq surged 1.5%, leading gains across significant indexes. Despite the recent rebound, the S&P 500 closed out April with a third straight monthly decline, highlighting investor caution.

Meanwhile, bond markets reacted to stronger-than-expected factory data, pushing the 10-year Treasury yield up 4.8 basis points to 4.2%, as traders slightly scaled back expectations for interest rate cuts.

U.S. equities surged on Friday after a stronger-than-expected jobs report helped ease recession fears. The labor market showed resilience, adding 177,000 non-farm payroll jobs, surpassing expectations of 133,000. The unemployment rate remained steady at 4.2%. The S&P 500 and the Nasdaq each climbed 1.5%, while the Dow gained 1.4%, capping a second straight week of gains for all three major indexes and rebounding from post-Liberation Day losses.

Strong corporate earnings and a resilient labor market led markets to rebound, with the S&P 500 rising for nine consecutive sessions. Despite a rise in concerns around weak GDP growth, robust market sentiment allowed U.S. equities to recover, erase post-Liberation Day losses and end the week on a high note.