The main American technology names reported their results in the first quarter on Thursday, offering markets something more for chewing except all the messages related to the tariff.
Stock indexes in the USA: DOW regained the level of 40,000, and S&PC and NASDAQ recorded profits of over 2%.
While Tech seems to be at the forefront of investors, trade tariffs and tensions are still lurking in the shade, with Intel CFO David Zinsner warning that tariffs and retaliation from other countries have increased the probability of recession.
In addition, the optimism that both the US and China intends to calculate the trade war, was divorced by China, saying that there were no ongoing commercial talks with the USA
US President Donald Trump overthrew China's claims, saying that commercial talks are underway, but refused to disclose all details about the nature of the talks, which increases trade uncertainty.
Well, it seems that this is a case he said, she said – only at the highest level of diplomacy between the greatest hosts in the world. This must keep markets on tents.
– Lim Hui Jie
What you need to know today
Alphabet shares climb better than expected results
AlphabetGoogle and YouTube parent company, reported a stronger increase in the first quarter On Thursday after the bell. Alphabet search and advertising units still show a strong increase despite heating AI competition, according to its earnings in the first quarter report. The company's overall revenues increased by 12% year -on -year, higher than 10% Wall Street. Actions increased by more than 5% in trade after hours.
Intel also publishes results, but warns against tariff influence
Intel Reported The results of the first quarter Thursday, which defeated the estimates of analysts, but also issued disappointing tips. The company warned that revenues from the second quarter will appear below estimates due to the increased uncertainty driven by the macro environment. Separately, Intel Cfo David Zinsner said President Donald Trump Tariffs and retaliation from other countries Increased the probability of recession.
Trump claims that commercial talks with China are underway
US President Donald Trump on Thursday Rejected the claims of China That there was no constant discussion between Beijing and Washington. “They had a meeting this morning … It doesn't matter who they are. We can reveal it later, but this morning they had meetings and we met with China ” Trump told journalists. The statement took place after the denial of any talks with the USA and calls for the abolition of “unilateral” tariff funds to solve commercial problems.
South Korea calls for “calm, orderly” conversations with the USA
South Korea asked Fr. “Calm” and “Organized” discussions From the USA in commercial issues, because the fourth largest economy of Asia is supposedly trying to work out a contract from the USA to July to avoid tariffs. According to Yonhap from Korea KoreaThe Minister of Finance of South Korea Choi Sang-Mok told journalists that further conversations would focus on four categories: tariff and non-tariff agents; Economic security; Investment cooperation; and monetary policy.
Tech is gaining energy markets
Actions jumped on Thursday Thanks to strong profits in the names of Megacap technology. . S&P 500 2.03%ended, while technologically heavy NASDAQ composite 2.74%added. . Industrial average Dow Jones The remaining two indexes were delayed, but still added 1.23%, and for the first time from April 15 it recovered 40,000 characters. In Asia, Markets have increased, and Japanese Nikkei 225 increased by almost 2% and leading profits.
(Pro) Mag 7 is not so powerful anymore
Leading market technological supplies Don't keep the same rocking They once did it, which can change the ingredients needed to rally on Wall Street. . Roundhill Magnifent 7 ETF (MAGS) – which has MAG 7 shares in more or less equal to the measure – it fell by 17% during the year. It is more than twice as much as a decrease by almost 7% in S&P 500.
And finally …
The view of drones shows a freight ship in Kwai Tsing container terminals in Hong Kong, April 16, 2025.
Tyrone Siu Reuters
China denies that tariff conversations are pending
On Thursday, China announced that there were no ongoing discussions from the USA about tariffs, despite the White House's indications this week, that there would be some help in Beijing.
“Currently, there are absolutely no negotiations on the economy and trade between China and the USA,” said spokesman of the Ministry of Trade, told journalists in Mandarin, translated by CNBC. He added that “all sayings” regarding progress in bilateral conversations should be rejected.