Morgans AM - Wednesday, 30 April 2025

The Dow and S&P 500 extended their rally into a sixth consecutive session after Commerce Secretary Howard Lutnick said the Trump administration has negotiated its first trade deal with an unnamed country - Dow rose +300-points or +0.75%, logging its longest winning streak since the period ended 17 July, 2024. Amazon.com Inc slipped -0.17%, recovering from an earlier decline of more than >2%, after White House Press Secretary Karoline Leavitt called the company's reported plan to highlight the impact of tariffs in its pricing a "hostile and political act." Amazon later said such a plan "was never approved and is not going to happen."