Stock market news for April 30, 2026
CNBC • • general
Key Points:
- The S&P 500 closed at a record high of 7,209.01, up 1.02%, driven by strong earnings from Caterpillar and Alphabet, while concerns over U.S.-Iran tensions eased.
- Caterpillar shares surged nearly 10% after reporting better-than-expected quarterly results and raising its annual revenue outlook, signaling optimism for the U.S. economy despite modest GDP growth.
- Alphabet's stock rose 10% following a revenue beat and an increased 2026 capital expenditure guidance of up to $190 billion, contributing to broader market gains.
- Meta and Microsoft shares declined 8.6% and 3.9% respectively due to raised capital expenditure forecasts and concerns over user growth and high memory costs.
- Despite mixed tech earnings, April saw strong market performance with the S&P 500 up 10.4%, Nasdaq rising 15.3%, and the Dow gaining 7.1%, marking their best monthly gains in several years.
