Tech Titans Propel Nasdaq as Google, Intel Smash Earnings—Dow Rides the Wave
Another quarter, another ’beat’—Wall Street’s favorite dopamine hit. Google and Intel just handed traders their fix, sending the Nasdaq into its predictable victory lap while the Dow Jones hitched a ride. Because nothing says ’healthy market’ like two megacaps carrying the entire index on their backs.
Behind the numbers: Alphabet’s ad revenue machine keeps printing, while Intel’s foundry pivot shows early promise (or at least, enough to distract from last year’s flops). Cue the analyst upgrades and CNBC victory laps.
The cynical footnote: Watch the retail traders pile in post-earnings—because chasing tech giants at ATHs always ends well. Just ask the 2021 meme-stock brigade.
Markets Rally Amid Softer Dollar and Positive Trade Rhetoric
Despite a weaker US dollar, the mood on Wall Street was anything but bearish. Bond yields continued to ease, pushing prices higher and reinforcing Optimism across markets. Major US stock indices notched their third consecutive day of gains, helped along by remarks from President Donald Trump, who hinted at progress in the US-China trade negotiations, mentioning a meeting held earlier in the day with Chinese officials.
NASDAQ and S&P Surge Past Key Technical Levels
The NASDAQ Composite led the charge, rising 2.74% on the day, while the S&P 500 also posted a gain of over 2%.
Notably, the Nasdaq Index broke above the 20-daily moving average (gray) for the first time since February — a key technical milestone that could signal renewed buyer confidence, while the Dow Jones Industrial Average is still facing that moving average.
Main US Stock Indices – Closing Summary
Dow Jones Industrial Average (DJIA)
▸ Gained +86.83 points, a rise of +1.23%
▸ Closed at a fresh high of 40,091.40 points
▸ Strength was broad-based, led by gains in industrials and financialsS&P 500 Index
▸ Jumped +108.93 points, advancing +2.03%
▸ Finished the session at 5,484.79 points
▸ Tech, communication services, and consumer discretionary sectors were key driversNASDAQ Composite Index
▸ Surged +457.99 points, up +2.74%
▸ Closed at 17,166.04 points, marking one of its strongest days in months
▸ Boosted by earnings optimism, particularly in big tech names like Alphabet and NVIDIA
Markets rallied firmly across the board, led by a powerful tech surge on the NASDAQ and broader support across sectors in the S&P. The Dow’s more modest gain suggests selective optimism in more traditional sectors, while the sharp rise in the NASDAQ reflects growing risk appetite and upbeat sentiment in growth stocks.
With the S&P and NASDAQ pushing into new territory and the Dow maintaining strength above the 40,000 mark, investor confidence appears to be regaining steam, bolstered by earnings surprises and easing concerns over macro headwinds.
Alphabet Alphabet (GOOGL), Google’s Parent Company Lifts Tech Sentiment with Strong Q1
- Revenue: $90.23 billion, beating estimates of $89.2 billion
- Earnings per Share: $2.81, well above forecasts of $2.01
- Dividend Increase: 5% hike announced, adding to investor cheer
Shares of Alphabet jumped 5.12% in after-hours trading, reinforcing the day’s tech-led rally.
Intel Impresses on Q1, But Weak Forecast Weighs
- Intel (INTC) also posted stronger-than-expected results for the first quarter:
- EPS: $0.13 vs $0.00 expected
- Revenue: $12.7 billion vs $12.2 billion forecast
However, its disappointing forward guidance cast a shadow over the upbeat numbers. Shares fell -3.82% to $20.67 in extended trading as investors digested the less-than-stellar outlook.
Conclusion: Cautious Optimism Creeping Back In
With falling yields, encouraging words on US-China relations, and strong earnings from tech giants, market sentiment appears to be improving — at least for now. That said, cautious optimism prevails as investors balance short-term gains against mixed corporate forecasts and macro uncertainties.
