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<US> DJIA Surges 790 pts as S&P 500, Nasdaq Hit Record Highs; Alphabet Inc. (GOOG.US), Caterpillar, Inc. (CAT.US) Jump 10% to New Closing Highs
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Investors focused on post-earnings performances of several major technology stocks, while oil prices retreated, supporting a sustained rally in US equities on Thursday. The DJIA once surged as much as 891 points, or 1.8%, and closed up 790 points, or 1.6%, at 49,652. The Nasdaq rose 219 points, or 0.9%, to 24,892, marking a record closing high. The S&P 500 gained 73 points, or 1%, to 7,209, closing above 7,200 for the first time. Alphabet Inc. (GOOG.US) reported 1Q earnings and revenue that beat expectations, with cloud revenue surging 63%. Its shares jumped 10% to USD381.94, a record closing high. Caterpillar, Inc. (CAT.US) also climbed nearly 10% to a new high on strong results, providing support to the DJIA. However, some technology stocks came under pressure after earnings. Meta Platforms, Inc. (META.US) reported 1Q daily active users below expectations, sending its shares down 8.6%. Microsoft Corporation (MSFT.US) said capital expenditure will reach as much as USD190 billion this year, and its shares fell 3.9%. Amazon.com, Inc. (AMZN.US) posted its fastest cloud growth in more than three years for 1Q, lifting its shares 0.8%. Apple Inc. (AAPL.US) is set to report quarterly results after Thursday's close, with its shares edging up 0.4%. NVIDIA Corporation (NVDA.US) dropped 4.6%. Among other earnings plays, Eli Lilly and Company (LLY.US) posted a 1.7x increase in 1Q profit, beating expectations and raising full-year guidance, driving its shares up 9.8%. QUALCOMM Incorporated (QCOM.US) issued weaker-than-expected guidance for the current quarter, yet its shares still surged 15%. For the month, the S&P 500 advanced 10.4%, marking its best monthly performance since November 2020. The Nasdaq soared 15.3%, its strongest monthly gain since April 2020. The DJIA rose 7.1%, recording its biggest monthly increase since November 2024. (sw/t) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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