On Thursday, May 2, the U.S. stock markets closed higher as investors evaluated the Federal Reserve’s dovish rate guidance and mixed earnings. All three indexes closed higher. According to economic data, the U.S. trade deficit narrowed to $69.4 billion in March from $69.5 billion in February. Initial jobless claims remained steady at 208,000 for the week ending April 27, against an expected 212,000. Most sectors on the S&P 500 closed higher, with consumer discretionary, real estate and tech stocks leading. However, materials and healthcare stocks declined. The Nasdaq rose due to a strong performance from semiconductor stocks after Qualcomm (NASDAQ:QCOM) reported quarterly sales and profits that surpassed ...