🚀 Wall Street Surges for 3rd Day! 🚀
Thursday saw a powerful rally as major indices soared. The Dow climbed 486 points (1.2%), S&P 500 up by 2%, and the Nasdaq shot up 2.7%, with small-cap Russell 2000 gaining 2%.
🔍 Tech and communication stocks led the charge as 10 out of 11 S&P 500 sectors rose. Only consumer staples dipped, down around 1%.
In a standout, Alphabet (GOOGL) jumped nearly 4% post-earnings, beating expectations with strong internet ad growth.
On the economic side, U.S. durable goods orders rocketed 9.2% in March, crushing analyst predictions. Meanwhile, volume eased on Nasdaq and NYSE, with the 10-year Treasury yield nudging down to 4.3%.
🌍 Trade Watch: President Trump may adjust tariffs on China and automakers, keeping the market on its toes.
🚀 Major Market Movers 🚀
ServiceNow $NOW soared 15.49%! Crushing Q1 estimates and raising guidance thanks to AI-driven transformation. 🌐 📈
Meanwhile, IBM $IBM dipped 6.58%, with the CEO cautioning on spending pauses amid economic uncertainty.
Hasbro $HAS surged 14.58% after a stellar earnings beat, reassuring investors despite tariff concerns.
Texas Instruments $TXN rose 6.56%, boosting semiconductor sentiment with strong Q2 guidance despite China's market exposure.
Chipotle $CMG faced its first comparable sales drop since 2020, blaming food inflation and weakening consumer spending. A historic moment according to Evercore! Ahead of earnings
Alphabet $GOOGL holds a Buy rating from Guggenheim, despite ad-spend worries.
Microsoft $MSFT’s price target lowered by Goldman to $450, but they still expect an earnings win!
Tesla $TSLA saw European registrations fall, yet Musk gets a nod from Trump.
Amazon $AMZN’s AWS confirms soaring AI demand, with growth on the horizon.
Nvidia $NVDA echoes strong AI demand, even as chip exports to China are restricted.
In airlines, American, Delta, and Southwest $LUV retract guidance, $AAL CEO resists aircraft price hikes.
Consumer giants like Tractor Supply $TSCO and Procter & Gamble $PG scale back outlooks amid tariff fears, while PepsiCo $PEP faces a 10% tariff on Irish imports.
Tech takes a stand! Lam Research $LRCX beats expectations and Rocket Lab $RKLB secures a DoD contract.
Defense struggles as Northrop Grumman $NOC faces its toughest week since 2009 due to bomber cost issues.
Elsewhere, Weight Watchers $WW may face bankruptcy, tightening its belt in the weeks ahead.
Stay informed, stay ahead.
What's your take on these moves? 🎯📊
