Stock Market Today: Dow, S&P Live Updates for April 26
Apr 26, 2024 - bloomberg.com
Strong earnings reports from Microsoft Corp. and Alphabet Inc sparked a tech rally in after-hours trading, pushing US futures higher. Futures contracts for the S&P 500 and the Nasdaq 100 rose by 0.8% and more than 1% respectively in early Asian trading. This surge helped to offset Thursday's losses of around 0.5% for each benchmark.
The rally was triggered by Microsoft and Alphabet's earnings surpassing Wall Street's profit estimates. Additionally, Snap Inc. saw a late trading surge due to a positive revenue projection. Meanwhile, Japan’s stocks remained rangebound ahead of a monetary policy decision.
Key takeaways:
Stellar earnings reports from Microsoft Corp. and Alphabet Inc triggered an after-hours tech rally that sent US futures higher.
Japan’s stocks were rangebound before a monetary policy decision.
Futures contracts for the S&P 500 rallied 0.8% in early Asian trading, while those for the Nasdaq 100 rose more than 1%.
Snap Inc. also rallied in late trading on a bullish revenue projection.
