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 Apparently he rejected the claims of ChinaSaying that commercial talks were underway, but they refused to reveal any details about the nature of the talks, which increases the uncertainty of trade.
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 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.
Retail deficiencies from the trade war will go to American consumers at the stage
Warnings about empty store shelves I recorded headers, as indicated by many press reports Directors General of the best retail stores in America told President Trump that the prolonged trade war would lead to deficiencies. Already a decrease in production orders from China and a decrease in the reservations of Chinese freight ships and cruises to the USA are given to the national supply chain closer to the turning point.
The finish releases VR employees actually Labs Division
Finish has dismissed employees in his Reality laboratories The division, which is designed to develop a virtual reality, augmented reality and related wearing devices. The cuts influenced the indefinite number of employees working in the Oculus Studios branch, which develops VR and AR games and content for Headsets Meta Quest VR, said a spokesman for CNBC. As the spokesman said, he said that it influenced employees working on a supernatural VR training application.
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 he rated 40,000.
(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 …
Cfoto Future publishing house Getty images
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.