Day Traders Diary

4/25/25

The major averages closed in the green following strong gains the last three days after almost retesting the April lows on Monday. The Dow Jones Industrial Average opened lower, but then closed in the green, up 20 points. The S&P 500 rose 40 points while the Nasdaq rose 216 points following strong tech earnings.

A volatile week following plenty of trade tariff news and a plethora of earnings. On the week, the S&P 500 rose over 4%, while the Nasdaq has climbed more than 6%. The Dow has underperformed but is still headed for a one-week advance of more than 2%.

On the earnings front, Alphabet was higher following strong earnings and ad revenue. The company also increased their share buyback and dividend. All the big cap techs look good today. Tesla rose 9% and up nearly 20% on the week following earnings and new autonomous rules from the Department of Transportation. Nvidia rose 3% and over 10% on the week.

The major averages are headed for sharp weekly gains. The S&P 500 is up more than 4%, while the Nasdaq climbed more than 6%. The Dow has underperformed but is still headed for a one-week advance of more than 2%.

Outside the tech space, AbbVie is up 3% on earnings. Gilead, on the other hand, is down nearly 3% on earnings. Erie Indemnity and T-Mobile are both down 11% following earnings. Eastman Chemical is down 6% on earnings. Phillips 66 and Schlumberger are modestly lower on earnings.

Interest rates are coming back down on hopes of a US-China trade deal. The 10-year Treasury yield fell 4 basis points to 4.26%, while the 2-year Treasury yield fell 3 basis points to 3.76%.

Gold has also pulled back modestly on reduced trade tariff tensions. Oil was higher while bitcoin jumped nearly 2% above $95,000.