S&P 500 Gains for Eighth Day After Earnings: Markets Wrap

May 1, 2025, 9:16 PM UTC

Wall Street’s risk appetite raged anew on Thursday as strong tech earnings upended the ‘sell America’ narrative that rocked global markets last month in the grip of the tariff shock.

The S&P 500 rose for eight consecutive days, its longest winning streak since August. The Nasdaq 100 finished 1.1% higher. Microsoft Corp. and Meta Platforms Inc. jumped on upbeat results, boosting both the equities gauges. A report of the US weighing a potential easing of restrictions on Nvidia Corp.’s sales to the United Arab Emirates pushed shares higher during regular trading hours.

Treasury yields rose, with the 10-year rate around ...

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