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Stock Market News, April 30, 2026: Dow rises 790 points, S&P 500 and Nasdaq close at records as GDP data shows the U.S. economy continues to grow; Big Tech slips; oil falls back from four-year high; Alphabet shares jump as Meta falls. Stocks ended April on a high note with the S&P 500 and Nasdaq Composite logging their best monthly performance since 2020.
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A pivotal moment for the artificial intelligence trade driving the U.S. stock market to all-time highs arrives on Wednesday with quarterly reports from four massive companies at the heart of the investment boom behind the new technology. Results are due after the market closes from Microsoft (MSFT.O), opens new tab, Alphabet (GOOGL.O), opens new tab, Amazon (AMZN.O), opens new tab and Meta Platforms (META.O), opens new tab -- four "hyperscalers" expected to spend over $600 billion this year on data centers and other AI-related infrastructure. Those heavyweight companies represent more than $10 trillion in market capitalization and 17% of the S&P 500.
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U.S. mortgage rates rose last week for the first time in a month, with the average 30-year fixed-rate mortgage up 2 basis points to 6.37% for the week ended April 24, the Mortgage Bankers Association said on Wednesday. Mortgage applications dropped 1.6% from a week earlier, driven by a 4% decline in refinancing, the MBA said. Still, purchase applications increased 2%, a sign that potential homebuyers are "moving forward this spring and taking advantage of the more favorable inventory conditions in most parts of the country," MBA Chief Economist Mike Fratantoni said.
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A few days ago, oil prices spiked by around 5% on Monday after Iran said it had turned back a U.S. warship trying to enter the Strait of Hormuz, though the U.S. denied Iranian reports it had been struck by missiles. That came after President Donald Trump said the U.S. would begin
U.S. inflation has been above the Federal Reserve's target for so long that many observers believe policymakers have implicitly accepted a higher level. The worry now is that it just keeps rising. Businesses, consumers, and investors could be forgiven for thinking that
* The only way is ... up?
If you thought AI capex forecasts couldn't go any higher, think again. Analysts at Morgan Stanley and Goldman Sachs have significantly revised up their outlooks, potentially raising the stakes even higher for stock markets, energy and commodity prices,
The Dow falls over 550 points, the S&P 500 declines, Nasdaq snaps its three-day winning streak as Iran tensions lift oil. Monday was rough, but not nearly as bad as the press made it out to be. Check out my latest podcast. https://zurl.co/WIJYe
Oil prices jumped further above the $100-a-barrel mark on Monday as Iran tightened its grip on the Strait of Hormuz, despite U.S. efforts to free up shipping, which pushed U.S. Treasury yields higher and dragged stocks lower. Inflation has been above the Fed's 2% target for so
U.S. inflation has been above the Federal Reserve's target for so long that many observers believe policymakers have implicitly accepted a higher level. The worry now is that it just keeps rising. Businesses, consumers and investors could be forgiven for thinking that
US manufacturing growth in 2026 has managed to hang on despite war-induced spikes in energy and other input costs. This, according to the Institute for Supply Management, a non-governmental organization that reported the US expansion extended into April. The news comes despite
The US-Israel war with Iran and the calamity it’s triggered in global energy markets has been sharply felt by nations from Southeast Asia to Europe. In the US, however, the price for consumers flowing from Donald Trump’s decision to attack has been about $1.40 more for a gallon
The Iran ceasefire is set to end tomorrow. Apple gets a new CEO. Fed Chair nominee Kevin Warsh testifies. There is no storage of things for investors to watch today. Early on, they are tilting bullish. Stocks are headed for a higher open after falling yesterday. The Nasdaq broke
