Microsoft and Meta Earnings Propel Nasdaq Rally—Wall Street Breathes (For Now)

Tech titans flex their earnings muscles—just in time to distract from another shaky macro week. Nasdaq climbs as Microsoft’s cloud numbers and Meta’s ad rebound paper over lingering rate fears.

Because nothing soothes jittery traders like a couple trillion-dollar companies hitting their numbers. Never mind the 12 other economic time bombs ticking in the background.

Bonus finance jab: ’Earnings season—the quarterly ritual where Wall Street pretends forward guidance matters more than the Fed’s printer.’

Market looks to Apple and Amazon

Investors are now watching for earnings from Apple and Amazon, which report after the close. Both companies face headwinds from the White House’s trade policies.

Amazon recently assured it wouldn’t pass on tariff costs to consumers, while Apple is pushing to move iPhone production away from China.

Meanwhile, McDonald’s cited weaker consumer demand and tariff-related pressure in its Q1 miss, with U.S. sales slipping and shares falling 2%.

On the geopolitical front, Beijing has indicated that Washington may be seeking to restart trade talks, although the Trump administration insists that China must act first. 

A fresh round of trade deals could be imminent, according to White House sources.