Nightly $SPY / $SPX Scenarios for May 2, 2025

🔮 Nightly SPY / SPX Scenarios for May 2, 2025 🔮

🌍 Market-Moving News 🌍

🇺🇸 Rising Unemployment Claims Signal Labor Market Softening
Initial jobless claims increased by 18,000 to 241,000 for the week ending April 26, marking the highest level since late February. Continuing claims also rose to 1.916 million, indicating potential cracks in the labor market.

🏭 Manufacturing Sector Contracts Amid Tariff Pressures
The ISM Manufacturing PMI fell to 48.7 in April from 49.0 in March, indicating a second consecutive month of contraction. Tariffs on imported goods have strained supply chains and elevated input prices, contributing to the downturn.

📉 Construction Spending Declines
Construction spending decreased by 0.5% in March, reflecting reduced investments in both residential and nonresidential projects. This decline suggests caution in the construction sector amid economic uncertainties.

📊 Mixed Signals from Manufacturing Indices
While the ISM Manufacturing PMI indicates contraction, the S&P Global Manufacturing PMI remained steady at 50.2 in April, suggesting stability in some manufacturing segments despite broader challenges.


📊 Key Data Releases 📊
📅 Friday, May 2:

💼 Nonfarm Payrolls (8:30 AM ET)
Provides insight into employment trends and overall economic health.

📈 Unemployment Rate (8:30 AM ET)
Measures the percentage of the labor force that is unemployed and actively seeking employment.

💰 Average Hourly Earnings (8:30 AM ET)
Indicates wage growth and potential inflationary pressures.

🏭 Factory Orders (10:00 AM ET)
Reflects the dollar level of new orders for both durable and nondurable goods, indicating manufacturing sector strength.

⚠️ Disclaimer:
This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.

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