The Dollar, Oil, and Treasury Yields roll over while April jobs data slows – Stock Market Analysis for May 03, 2024

Welcome back everyone to Stock Market Weekly Episode #730 for Friday, May 03, 2024 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:

  • U.S. Hiring Slows to 175,000 jobs added in April
  • 10-year yield drops to 4.50%
  • China trade sees follow through
  • Biotech stocks turnaround
  • Was that the low in Bitcoin?

Stocks covered: AAPL AMZN META SBUX IBIT BTC USD

We hope that you enjoyed this week’s episode!

Thanks to our sponsor Investor’s Business Daily for allowing us to showcase some of their stocks and data tables in this video. To get access to IBD’s stock lists and complete Industry Rankings, sign up here.

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