Sources
Bloomberg — 2026-04-30#
Lead Story#
Big tech earnings stole the spotlight as Alphabet added a historic amount to its market capitalization and Amazon proved the payoff of its artificial intelligence investments, helping push the S&P 500 to another record. The blockbuster results, alongside Apple beating estimates, overshadowed Meta’s spending-induced plunge and demonstrated that the AI growth engine is powering the US economy through war-driven inflation headwinds. This corporate resilience was echoed by macroeconomic data showing US gross domestic product grew an annualized 2% in the first quarter, driven by solid business and consumer demand.