Stocks head for higher open after strong earnings and lower oil yields
Updated
Updated · CNBC · Apr 30
Stocks head for higher open after strong earnings and lower oil yields
12 articles · Updated · CNBC · Apr 30
Alphabet rose 8%, Amazon 3.5% and Eli Lilly 6%, while Meta fell 8.5% after lifting capital spending guidance.
Lower oil and Treasury yields improved sentiment after Wednesday's sell-off, when WTI neared $107, Brent topped $118 and the 10-year yield climbed above 4.43%.
The Fed left rates unchanged, with dissent at its highest since 1992, while Qualcomm jumped on data-centre chip plans and AI-driven spending continued to dominate market focus.
Microsoft and Meta's stocks diverged on AI spending news. Which strategy will ultimately win the costly AI infrastructure war?
As tech giants pledge trillions for AI, can a fragile supply chain support their ambitions without derailing the global economy?
AI is projected to reshape over half of US jobs. Is America prepared for the unprecedented workforce disruption ahead?