A trader works on the floor of the New York Stock Exchange on April 30, 2025. Michael M. Santiago/Getty Images
Commentary
Despite many unresolved tariff treaties and the Fed’s foot-dragging on interest rate cuts, the S&P 500 and Russell 2000 gained 2.4% last week, while NASDAQ rose nearly 4%. That’s mainly because the current (second quarter) earnings announcement season is “coming in hot,” as Axon Enterprise (AXON), Kinross Gold (KGC), Paymentus Holdings (PAY) and Palantir Technologies (PLTR) posted better-than-expected sales and earnings last week, while also raising guidance. Then, Niagen Bioscience (NAGE) joined the earnings announcement party after posting a 10% sales surprise and a massive 300% earnings surprise.
