US Stocks Inch Higher Despite Mixed Tech

2026-04-30 13:37 By Andre Joaquim 1 min. read

US equities were mostly higher on Thursday after hyperscaler earnings results, energy prices.

The S&P 500, and Nasdaq 100 edged higher while the Dow jumped 300 points.

Alphabet surged over 6% pre-market Amazon jumped over 3% pre-market after beating cloud computing revenues estimates and posting a surge in enterprise client wins for its AI technologies, while Amazon inched higher after significantly beating its earnings expectations.

In turn, Meta plunged 10% after it published a surge in AI capital expenditure projections, triggering concerns that infrastructure development will not meet demand.

Also, Microsoft dropped 4% despite meeting its AI and cloud services consensus.

Fresh data showed that AI spending supported the US GDP to a 2% annualized expansion in the first quarter, offsetting slower consumption as high gas prices dent spending.

Also, Eli Lilly gained 5% after its earnings, but Mastercard fell after results.



News Stream
Dow Gains and Nasdaq 100 Lags on Tech Earnings
US equities were mixed on Thursday as the latest earnings had contrasting impacts on different sectors of the economy. The Nasdaq 100 and the S&P 500 were muted, halting the rally that topped at records this week. Meta sank 10% and Microsoft lost 5% amid skepticism that their surging levels of AI capital expenditure will match demand, even though their Q1 profits were strong. Amazon slipped 2% after its report, while Nvidia fell 4% on the scrutiny from AI investment. Tech losses were limited by the 8% surge for Alphabet on strong enterprise AI client wins, and a 20% surge for Qualcomm. Meanwhile, strength in traditional sectors of the economy lifted the Dow by 600 points. Eli Lilly soared 9% after posting strong results, led by weight-loss drugs, and Caterpillar jumped 11% on better-than expected earnings. Meanwhile, a batch of data backed hawkish dissents from the Fed as the US GDP expanded by 2%, core PCE prices accelerated, and initial unemployment claims sank to a 50-year low.
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The Dow Jones Index Opens 0.83% Higher
The Dow Jones Index is picking up 404 points or 0.83 percent on Thursday. Gains are led by Caterpillar (9.00%), Verizon (2.19%) and Walmart (1.87%). Biggest losers are Microsoft (-4.61%), Salesforce (-4.25%) and Nvidia (-2.55%).
2026-04-30
US Stocks Inch Higher Despite Mixed Tech
US equities were mostly higher on Thursday after hyperscaler earnings results, energy prices. The S&P 500, and Nasdaq 100 edged higher while the Dow jumped 300 points. Alphabet surged over 6% pre-market Amazon jumped over 3% pre-market after beating cloud computing revenues estimates and posting a surge in enterprise client wins for its AI technologies, while Amazon inched higher after significantly beating its earnings expectations. In turn, Meta plunged 10% after it published a surge in AI capital expenditure projections, triggering concerns that infrastructure development will not meet demand. Also, Microsoft dropped 4% despite meeting its AI and cloud services consensus. Fresh data showed that AI spending supported the US GDP to a 2% annualized expansion in the first quarter, offsetting slower consumption as high gas prices dent spending. Also, Eli Lilly gained 5% after its earnings, but Mastercard fell after results.
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