As of today, April 30, 2026, stock indexes are mixed: the S&P 500 is up 0.08%, the Dow Jones Industrial Average is up 0.73%, while the Nasdaq 100 is down 0.18%. Major gains are driven by better-than-expected quarterly earnings from Alphabet and Qualcomm, which saw respective increases of over 5% and 6% in their stock prices after reporting Q1 revenues of $94.57 billion and $10.60 billion, surpassing analyst expectations.
On the economic front, weekly initial unemployment claims fell by 26,000 to a 57-year low of 189,000, significantly lower than expectations of 212,000. Meanwhile, Q1 U.S. GDP growth came in at 2.0%, slightly below the projected 2.3%. Crude oil prices dipped over 1% due to concerns about rising oil prices impacting economic growth and supply disruptions exacerbated by the ongoing conflict in the Middle East. Goldman Sachs estimates crude output in the Persian Gulf has dropped by 14.5 million barrels per day, affecting global stockpiles.
In the tech sector, Meta Platforms saw a significant decline of over 9% following its capital expenditure forecast exceeding expectations. Despite a better-than-expected Q3 earnings report, Microsoft also faced a downturn of more than 3% due to concerns regarding its Azure cloud-computing growth.
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