Stock Market News

After a week of record highs led by Apple, U.S. indices eased Monday as a tech-sector rotation and geopolitical jitters near the Strait of Hormuz pressured sentiment. The Dow closed down ~184 points while S&P and Nasdaq retrenched slightly ahead of a heavy earnings calendar.

A sharp Dow sell-off ahead of Fed Chair Powell’s final press conference left the S&P 500 and Nasdaq largely anchored while storage and semiconductor stocks led gains. Seagate, Western Digital and NXP posted strong moves, while Robinhood plunged after a steep crypto-revenue decline.

S&P 500 and Nasdaq closed at fresh highs after Apple beat quarterly expectations, while the Dow 30 lagged. Strong tech earnings and easing oil prices powered gains across major indices, highlighting sector divergence and investor focus on megacaps.

Caterpillar's stronger-than-expected quarter and an upgraded outlook ignited a Dow rally of roughly 730 points, while the S&P 500 and Nasdaq posted modest gains. Heavyweights Meta and Microsoft weighed on tech, even as Apple showed strength in premarket trading. Recent GDP and PCE readings reinforced a mixed but manageable macro backdrop.

On April 30, 2026 the Dow jumped 538 points, driven by strong earnings from industrials and semiconductors. Cooling Treasury yields and select tech wins helped the S&P 500 and Nasdaq push toward record territory despite geopolitical and oil-price headwinds.

On April 28, tech-led profit-taking and a jump in oil sent the S&P 500 and Nasdaq lower while the Dow held relatively steady. Weakness in AI-related names (notably Nvidia and Broadcom), fresh reports about OpenAI’s internal targets, and geopolitical shifts including the UAE’s OPEC move drove the session’s volatility.