Stocks Jump on Microsoft and Meta Earnings Results
From Nasdaq: 2025-05-01 11:45:00
The S&P 500, Dow Jones, and Nasdaq are all up today, with positive earnings from Microsoft and Meta Platforms driving the market. Weekly unemployment claims rose, pushing T-note yields down. US-China tariff negotiations are in focus. Q1 earnings growth for S&P 500 stocks is at +6.7%. Overseas markets are higher, with Japan’s Nikkei up. Interest rates and bond yields are lower, with the chance of a rate cut by the ECB at 100%.
Stock movers include Microsoft (+9%), Meta Platforms (+5%), IDEXX Laboratories (+9%), Arista Networks (+7%), and Align Technology (+8%). CVS Health is up (+4%), while Beckton Dickinson & Co is down (-12%). Qualcomm, Eli Lilly, Church & Dwight, Confluent, Fortiv Corp, and Air Products and Chemicals are also down. The earnings reporting season is in full swing with many companies reporting today.
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