From Nasdaq: 2024-04-29 18:13:48

US stock indexes closed moderately higher, with the S&P 500 and Nasdaq 100 at 2-week highs. Tesla surged after meeting key data-security and privacy requirements in China. Domino’s Pizza also rose on Q1 earnings, as did Apple after an upgrade. Megacap tech stocks, however, limited overall gains. Investors await Fed meeting and earnings reports from Amazon and Apple. Bond yields fell, boosting interest rates. European economic confidence dropped, prompting ECB caution on July rate cuts. US bond prices rose, but T-note gains slowed due to increased Treasury debt sales. Overseas markets were mixed. Tesla, Boeing, and Albemarle led gainers. Megacap tech stocks, including Alphabet and Meta Platforms, declined. Intel struggled after forecasting weak Q2 revenue. Dollar Tree faced challenges from tornado damage. Analysts cut targets on AON. Southwest Airlines was downgraded. Earnings reports scheduled for 4/30/2024 include Amazon, AMD, Coke, PayPal, and more.



Read more at Nasdaq: Stocks Finish Higher on Solid Q1 Earnings Results