🧠 Big Tech Rallies, Economy Wobbles: May Kicks Off in Mixed Fashion

Microsoft and Meta power Nasdaq to new highs, but weak jobless data, tariff fallout, and a fragile consumer keep recession whispers alive.

⚡ From Cloud Surge to Consumer Squeeze: Markets Push Higher

Tech bulls took the reins Thursday as strong earnings from Microsoft and Meta lit up the Nasdaq. The S&P 500 rose +0.63%, the Nasdaq jumped +1.52%, and the Dow posted a modest +0.21% gain to stretch its 8-day win streak—the longest of 2025.

AI optimism trumped macro fears for now, with investors brushing aside weak labor data and ongoing tariff tremors.

📊 Market Snapshot:
S&P 500: +0.63% 🟢
Nasdaq: +1.52% 🚀
Dow Jones: +0.21% 📈 (8-day win streak)

💻 Tech Flex: Microsoft & Meta Spark the AI Trade

The Magnificent Seven are proving they’re not all built the same—but MSFT and META delivered when it mattered.

🟩 Microsoft (MSFT)
EPS: $3.46 vs. $3.21 est.
Revenue: $70B vs. $68.4B est.
Cloud strength, Azure AI drives results
📈 Stock +7.63%

🟩 Meta (META)
EPS: $6.43 vs. $5.25 est.
Revenue: $42.3B vs. $41.3B est.
Ad revenue: $41.39B (beat)
Reality Labs loss: -$4.21B
📈 Stock +4.23%

Chip stocks followed suit:
💡 Nvidia +4.3%, AMD +1.3%, Micron +2.7%
Meta & MSFT reaffirm $100B+ in AI capex this year 💥