Trump Calls for Interest-Rate Reduction

Trump Calls for Interest-Rate Reduction

Adviser Investments Senior Vice President Chris Keith has the market analysis for Tuesday, April 30. The Dow Jones Industrial Average and S&P 500 each ticked up 0.1%, while the NASDAQ Composite fell 0.8% as the tech-heavy index felt the impact of Alphabet’s nearly 8% after-hours declines. In other news, President Trump called for Federal Reserve action in the form of an interest-rate decrease and quantitative easing measures. Chris emphasized the ongoing strength of economic fundamentals—including strong earnings and low unemployment—and President Trump’s positive statements regarding first-quarter GDP rate of 3.2%. Meanwhile, Apple’s stock climbed 5% after-hours surge as the company’s first-quarter earnings beat expectations.

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