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Market Headlines 👀 

• US Q1 GDP economic output shrank -0.3% annualized, with non-farm payrolls and unemployment data coming out tomorrow morning.

• US President Trump has now held office for 100 days, here are how the markets and macro report is.

• US weekly jobless claims come in higher at 241k; est: 225k.

• Vanguard (VOO) world’s largest ETF had a record month with $21b of inflows in April.

• Microsoft (MSFT) shares having a strong day and on track for its best day in almost five years after earnings yesterday.

• Meta Platforms (META) posts a strong quarter with a beat on sales, also increases capex spend outlook.

• Block (XYZ) shares plunge after hours missing earnings and issuing weaker than expected guidance.

Earnings 💸

• Apple (AAPL)

  • EPS: $1.65 beats ($1.63)

  • Revenue: $95.4b beats (exp. $94.5b)

• Amazon (AMZN)

  • EPS: $1.59 beats (exp. $1.36)

  • Revenue: $155.7b beats (exp. 155b)

• Airbnb (ABNB)

  • EPS: $0.24 meets (exp. $0.24)

  • Revenue: $2.27b beats (exp. 2.26b)

• Mastercard (MA)

  • EPS: $3.73 beats (exp. $3.58)

  • Revenue: $7.25b beats (exp. 7.13b)

• Reddit (RDDT)

  • EPS: 0.13 beats (exp. $0.02)

  • Revenue: $392m beats (exp. 370m)

• Block (XYZ)

  • EPS: 0.56 misses (exp. $0.87)

  • Revenue: $5.77b misses (exp. 6.21b)

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S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

Amazon earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

Meta Platforms earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

Microsoft earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

Employment is slowing but not crashing as we await the supply chain bullwhip effects from Trump’s trade war with China. How much of 2Q consumption and inventory build up was pulled forward in Q1 remains a hot topic for debate.(Contributed by Benjamin Lavine, CIO at Freedom Investment Management).

Market Preview 🎞️ 

• Thursday earnings: Apple (AAPL), Amazon (AMZN), Airbnb (ABNB), Reddit (RDDT)and Mastercard (MA) 

• Friday, May 2nd: Non-farm payrolls; Unemployment rate data; Factory orders

Enjoy reading?👇

That’s all for this week, folks! We’ll be back around the same time Monday with a curated list of important news, economic data and market highlights. 

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