S&P 500 Bulls Breaking 7,175 as GDP, Core PCE and AI Momentum Support A May Rally
12-brick Renko chart of the SPX 500 Index
Source: TradingView
The Verdict
Current Trend Direction: Bullish
Bias: Positive
Support Levels: 6,310, 6,920
Resistance Levels: 7,450, 8,150
Medium Term Path: To me this move is looking like a springboard for the S&P 500 The 7,200 level is acting as the immediate breakout zone.
Read MoreHow major US stock indexes fared Thursday 4/30/2026
The U.S stock market motored to more records as profits keep piling up for big businesses.
The S&P 500 rallied 1% Thursday and topped its prior all-time high to finish its best month in more than five years. The Dow Jones Industrial Average jumped 1.6%, and the Nasdaq composite climbed 0.9% to its own record.
» Read more about: How major US stock indexes fared Thursday 4/30/2026 »
Read MoreUS Economy Grows 2% Despite Iran War Oil Shock, But Risks Loom
While rising energy prices did dampen growth somewhat, private investment, consumer spending, and government expenditures remained relatively strong during the period.“On net it’s a solid number. Consumer spending has held up,” said Jason Draho, head of asset allocation for the Americas at UBS. However, he cautioned that this strength “could be fully offset” if higher energy prices persist for the next six months.
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Read MorePlain Talk: 'We haven't gotten better deals' out of Trump's trade war
MINOT — When asked on this episode of Plain Talk about the justification that President Donald Trump’s erratic regime of tariffs is necessary to flex America’s economic might and negotiate better deals, John Bitzan, director of the Challey Institute at North Dakota State University, argued that the strategy has not worked.
“We haven’t gotten better deals out of this,”
Best CD Rates This Week, May 4, 2026: Lock In While Fed Rates Remain Unchanged
The Annual Percentage Yield (APY) is accurate as of 2/1/2026. The base and promotional interest rate and corresponding APY for Axos ONE® Checking is variable and is set at our discretion. The base and promotional interest rate and corresponding APY for Axos ONE® Savings is variable and is set at our discretion. Axos ONE® Savings is a tiered variable rate account.
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Read MoreThe Burst
Is Bitcoin $100,000 Next?
Bitcoin has been on a tear lately, bringing its YTD returns to over 112%. Much of this gain can be attributed to Donald Trump’s support of bitcoin and his electoral victory, which added to an already bullish period for Bitcoin.
Now, the big question is whether the benchmark cryptocurrency could cross the $100,000 mark for the first time in the near future.
» Read more about: Is Bitcoin $100,000 Next? »
Read MoreThe Ivy
Stock Market in Chaos? 1 High-Yield ETF Could Be a Safe Haven
The stock market has gotten off to an extremely rough start in 2025, with highly-valued stocks suddenly selling off on a variety of worries. Both the NASDAQ and S&P 500 entered corrections, erasing trillions in value from the market’s total capitalizations.
Much of this selloff has been driven by threats of sweeping tariffs that would drastically raise costs for American businesses and spur higher inflation.
» Read more about: Stock Market in Chaos? 1 High-Yield ETF Could Be a Safe Haven »
Read MoreThe Spotlight
1 Growth Stock Down 30% You’ll Regret Not Buying The Dip
DigitalOcean is no ordinary cloud computing firm as you’ll see but it is down by 30% over the past 6 months, and yet appears to have significant upside potential from here.
If you’re not familiar with it, the company is like AWS or Google Cloud, but for small to medium-sized businesses (SMBs). Developers like it because of its…