T&G Market Recap: Dow, S&P 500, Nasdaq Move Higher as Apple Earnings Loom 📊📈

Markets rally ahead of Apple’s earnings, while tech stocks face mixed reactions from recent reports 🔍

Stock Market Recap: Modest Gains Amid Earnings Season 💼

US stocks saw positive momentum on Thursday, with key indices closing higher as investors digested earnings from major tech firms and awaited Apple’s quarterly results.

• S&P 500 rose 0.53%, while the Dow Jones gained 0.38%.

• The Nasdaq Composite finished the day up by 0.25%.

Despite the gains, there was a late afternoon pullback in markets after President Trump hinted at 25% tariffs on Mexico and Canada, causing the US dollar index to spike and briefly hit session lows.

Tech Earnings: A Mixed Bag for Big Tech 💻

As earnings season continues, the first wave of results from Big Tech companies showed both strong performances and concerns over future growth.

• Tesla (TSLA) beat expectations despite an earnings miss, with investors holding faith in the company’s return to growth in 2025.

• Meta (META) surpassed earnings forecasts, lifting shares, while Microsoft (MSFT) dropped 6% after Azure cloud revenue came in below expectations.

The AI boom was questioned following the release of DeepSeek’s cheaper AI model, which rattled assumptions about the sustainability of massive AI investments by companies like Microsoft and Meta.