US Tech Giants Gain in Afterhours

2026-04-29 20:14 By Andre Joaquim 1 min. read

US equities closed mixed on Wednesday after the Federal Reserve held rates unchanged and presented a split outlook, while markets positioned ahead of hyperscaler earnings.

The S&P 500 closed flat, while traditional sectors pressured the Dow with a 0.5% loss and tech pushed the Nasdaq 100 to a 0.5% gain.

The Fed held rates but regional Fed presidents dissented against an easing bias to underscore concerns of inflation.

Visa gained 8% and AbbVie jumped 3% after posting strong results for the last quarter.

Also, defensive stocks fell amid the impasse in the Middle East.

Microsoft surged 4% before dropping in afterhours despite beating its AI and cloud revenue estimates.

Meanwhile, Alphabet jumped over 3% after also beating its cloud computing estimates, while posting strong Gemini AI figures.

Meanwhile, Amazon was flat in afterhours despite significantly beating its earnings consensus in the March quarter.

In contrast, Meta plunged 7% amid skepticism on its surging AI capex outlook.



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