🔹 Market Performance Recap
U.S. equities extended gains, with the S&P 500 logging its longest daily win streak since 2004. Stocks climbed roughly 3% as investors digested a surprising labor market report and shrugged off April’s trade-driven GDP contraction. Energy prices plunged sharply, while earnings outlooks improved markedly.
🔹 Economic & Financial Highlights
Jobs Report: April payrolls rose by 177,000 vs. 130,000 expected. Unemployment steady at 4.2%.
GDP: Q1 2025 GDP fell -0.3%, largely due to import surges ahead of tariff hikes.
Consumer Confidence: Dropped to 86.0, the weakest in five years.
Crude Oil: Down 18% in April, now hovering near $58.50.
Earnings: S&P 500 earnings now forecast to grow 12.8% vs. 7.0% two weeks prior.
Fed Watch: Rates likely on hold, but futures imply three cuts by year-end.
🪐 Planetary Positions as of May 4, 2025
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