On the trading floor of the New York Stock Exchange, activity was noted on April 29, 2025.
NYSE
U.S. stock futures took a dip on Sunday evening, despite a successful week for Wall Street.
Futures linked to the S&P 500 decreased by around 0.4%, while the Dow Jones Industrial Average Futures and NASDAQ-100 Futures experienced a 0.3% drop each.
On Friday, the Broad Market Index gained nearly 1.5%, achieving its ninth consecutive day of gains—the longest winning streak since November 2004. This rally helped it recover losses incurred since April 2, when President Donald Trump announced retaliatory tariffs. The high-tech Nasdaq composite also climbed 1.5% that day, with the Dow Industrials increasing nearly 1.4%.
Optimism surrounding a potential U.S. trade agreement with major trading partners has bolstered recent market sentiment. Chinese officials have indicated they are considering commencing trade negotiations with the U.S. A report from the Wall Street Journal suggests that Beijing may be receptive to these trade discussions, though no actual trade deals have been announced yet.
“We are happy to confirm our commitment to customer support,” stated Ryan Dickmans, Chief Investment Officer at Dunham & Associates.
On the economic front, Wall Street is focused on the Federal Reserve’s upcoming two-day policy meeting starting Tuesday. Current trading suggests a 3.2% probability of interest rate cuts, according to the CME Group FedWatch Tool. Nonetheless, traders are closely watching comments from Fed Chairman Jerome Powell regarding the economic outlook, especially with rising uncertainties from the ongoing trade war.
Looking ahead to earnings, Tyson Foods and the insurance company Loews are set to report their quarterly results before Monday’s market opening.
