Nasdaq 100: Microsoft, Meta Lift Tech—Amazon and Apple Earnings Up Next

Microsoft and Meta Power Nasdaq Surge as Big Tech Delivers

Stocks rallied Thursday, fueled by strong earnings from Microsoft and Meta Platforms that reignited interest in AI and tech growth. Despite economic worries, investor sentiment improved as key names delivered solid results and guidance.

Meta and Microsoft Revive AI Optimism

Meta jumped 4% after topping estimates and highlighting ad strength. The company raised its capex outlook, signaling continued investment in data infrastructure.

Microsoft surged 8% as Azure revenue and overall results beat forecasts. Bullish full-year guidance focused on AI and cloud helped restore confidence in the sector.

Nvidia also added 4%, piggybacking off the renewed AI enthusiasm. Tesla gained 1% after denying rumors of a leadership shakeup, helping to stabilize sentiment in the EV space.

Eli Lilly Tanks While CVS Soars on Diverging Health Sector Plays

CVS rose nearly 6% on a beat-and-raise quarter. Adjusted EPS of $2.25 topped estimates, and the company raised its full-year outlook.

Eli Lilly sank 10% despite strong revenue. The company cut its profit forecast due to charges linked to a cancer drug deal, which rattled investors.

Organon collapsed 26% after slashing its dividend, citing the need to strengthen its balance sheet. Becton Dickinson dropped 15% after trimming guidance due to tariff impacts.

Carrier and Quanta Deliver Surprise Upside

Carrier Global rallied 11% after raising its full-year EPS forecast above Wall Street estimates. Strong demand and margin outlooks boosted the stock.

Quanta Services matched that 11% move after posting revenue and earnings beats. Traders applauded its exposure to infrastructure and utility projects.

Wayfair rose 2% after turning a surprise profit. Align Technology also gained over 2%, noting minimal exposure to China in its clear aligner production.

Indexes Bounce as Traders Brush Off Soft GDP, Jobless Spike

The Dow rose 266.98 points, or 0.66%. The S&P 500 climbed over 1%, while the Nasdaq led with a more than 2% gain.

Investors shrugged off weak Q1 GDP, which showed a surprise 0.3% contraction, and a jump in jobless claims to 241,000—above the 225,000 estimate.

Renewed tech strength helped the indexes rebound from recent volatility tied to tariffs and soft economic data.

Traders Eye Amazon and Apple for After-Hours Confirmation

Next up: Amazon and Apple report earnings after the close. Amazon’s early 3% gain came after announcing a $4 billion rural delivery investment.

Strong results from either could reinforce the tech rebound. But if Friday’s payrolls miss expectations, traders may have to brace for renewed downside.

Keep an eye on guidance and capex commentary—especially around AI and consumer demand—as potential catalysts.

More Information in our Economic Calendar.