S&P500 rips higher: 9-day rally squeezes shorts, fuels bull optimism – Stock Market Weekly for May 02, 2025

Welcome back everyone to Stock Market Weekly Episode #780 for Friday, May 02, 2025 where we will be breaking down the most important trends, price action, and noteworthy moves across financial markets.

As always, we will share extensive analytics on the S&P500 (SPX), Nasdaq 100 (NDX), Russell 2000 (RUT), and current volatility environments.

In this week’s episode:

• Better-than-expected jobs report; unemployment at 4.2%
• Microsoft and Meta lead gains in tech and communication sectors
• China signals intent to begin trade negotiations
• Interest rates pivot meaningfully higher
• Momentum builds after a bullish engulfing week in tech
• Gold pullback showing early signs of potential opportunity

Markets covered: USO GLD IBIT BTCUSD

Indicators discussed: Percent stocks at 1 month highs

We hope that you enjoyed this week’s episode!

Thanks to our sponsor Investor’s Business Daily

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