Hua Er Jie Jian Wen·2025-05-01 23:10Market Overview - S&P 500 has achieved an eight-day winning streak, marking its longest in eight months, while the Nasdaq rose over 1% [2] - Microsoft and Meta were significant contributors to the rise in U.S. stocks, with Microsoft up nearly 8% and Meta up over 4% [2] - Apple and Amazon reported earnings after the market closed, with Apple initially dropping over 4% and Amazon down 5% [2] - The two-year U.S. Treasury yield hit a three-week low following initial jobless claims data, while it briefly rose over 10 basis points after the ISM manufacturing PMI data [2] - The dollar index rose for three consecutive days, reaching a near three-week high, while the Japanese yen fell nearly 2% after the Bank of Japan decided not to raise interest rates [2] Company News - Apple reported earnings that slightly exceeded expectations and announced a $100 billion buyback, but tariffs are expected to increase costs by $900 million, leading to a 4% drop in stock price post-announcement [4][10] - Amazon's Q1 profit margin reached a new high, but its profit guidance was disappointing, warning of tariff impacts, resulting in a 5% drop in stock price post-announcement [4][10] - Tesla's board is searching for a new CEO as Elon Musk appears fatigued with car manufacturing, with analysts suggesting the need for a leader akin to Tim Cook [11] - Microsoft is inviting Musk's Grok AI to join Azure, potentially straining its relationship with OpenAI [11] - Eli Lilly's stock fell over 11% despite a 45% increase in Q1 revenue, as a major pharmacy chain decided to prioritize a competitor's drug over its own [12] Economic Indicators - The U.S. ISM manufacturing PMI for April showed the largest contraction in five months, with the output index hitting its lowest since May 2020 [13] - Initial jobless claims in the U.S. were significantly higher than expected, with the number of continuing claims reaching the highest level since 2021 [13] - The Bank of Japan decided to maintain interest rates due to concerns over tariffs impacting economic growth expectations [5][14]