U.S. Stock Futures Fall Up to 2.6% Before Rebounding; S&P 500, Nasdaq, Dow Close Higher Supported by Tech, Dollar, Crude Gains

U.S. stock index futures experienced notable declines on April 30, 2025, with the Nasdaq 100 E-minis falling as much as 2.6%, the S&P 500 E-minis down by up to 1.4%, and the Dow Jones E-minis declining by 0.37%. The losses were attributed to worsening market sentiment following economic data releases. However, on May 1, 2025, the market reversed course with strong gains across major indices. The S&P 500 rose by approximately 1%, closing up 0.6% at 5,602.48 points, the Nasdaq 100 increased by 1.54%, closing at 17,714.77 points, and the Dow Jones Industrial Average advanced by 0.23%, closing at 40,764.23 points. The market rally was supported by strength in technology stocks and was accompanied by gains in the U.S. dollar and crude oil prices, while U.S. Treasuries declined. Despite the gains on May 1, Nasdaq futures showed some pullback later in the day.