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The focus of the long and short debate in the U.S. stock market: 5500 and 4800.
Wall Street Analysts are analyzing the next steps of the S&P 500 Index through chart analysis. Analysts believe that 5,500 points are a key resistance level for the bullish-bearish turning point, while 4,800 points serve as a potential resistance. Market Technical Indicators show ample rebound space, but caution is needed for the risk of retesting the bottom.
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Express News | Tech giants extend gains in overnight trading, Google soars 5% as Q1 income beats and it announced a $70 billion buyback plan; Nvidia, Amazon and Tesla rise 2%. Intel drops 5% on outlook, despite Q1 results beating.
Alphabet Inc. (GOOG) Q1 2025 Earnings Call Transcript Summary
U.S. to loosen rules on Tesla, other automakers to develop self-driving cars
U.S. stocks closed: The Federal Reserve wields the flag of interest rate cuts, and the S&P has risen for three consecutive days, approaching a key resistance level.
1. Federal Reserve officials discuss the outlook for a June interest rate cut, with the Nasdaq rising over 2% for three consecutive days; 2. Analyst: Pay attention to the key resistance level of 5,500 points for the S&P; 3. Switch 2 causes a global frenzy, impacting records in the Consumer Electronics market; 4. Apple's AI head loses power again, as a mysterious Siasun Robot&Automation team shifts under the Hardware supervisor.
'Yahoo Is Ready to Buy Chrome Browser If Google Is Forced to Sell'- Bloomberg
Google's advertising business remains strong, with Net income increasing by 46%. It will continue to expand capital expenditures, and the stock price rose 6% after hours | Earnings Reports insights.
Alphabet, Google's parent company, announced its first-quarter results after the market close on Thursday, showing that its revenue and profit exceeded Analyst expectations due to the strong performance of its search advertising business, which partially offset the impact of slowing growth in its Cloud Computing division. Additionally, with a significant increase in capital expenditures in the first quarter, the company indicated that it would continue to substantially raise capital expenditures, stimulating the stock price to rise temporarily by 6% after hours.
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