Market Brief 28 April, 2025

Good evening, investors and traders! The markets are showing mixed signals today, with the S&P 500 Index (GSPC) up by 0.05% to 5,522.52 and the Nasdaq 100 Index (NDX) down by -0.14% to 19,405.5. Some key news items include the approval of three XRP futures ETFs by the SEC, which has sparked a surge in XRP price, and the announcement of a new dirham-backed stablecoin by Abu Dhabi's ADQ, IHC, and First Abu Dhabi Bank. MicroStrategy continues to make headlines with its latest Bitcoin purchase, adding another 15,355 BTC to its holdings, bringing the total to 553,555 BTC. The US Treasury is projecting a significant increase in net borrowing for the second quarter, reaching $514 billion, while the IMF has confirmed that El Salvador is complying with its plan to move away from Bitcoin despite the country's continued accumulation of BTC. Keep an eye on the upcoming earnings season, as many major companies are expected to report their Q1 results this week.