Stock Market Today: Nasdaq Pares Losses, Powell Notes Resilient Economy; Mag 7 Earnings Loom (Live Coverage) - Investor's Business Daily
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- S&P 500 holds above 7,100 points as futures climb after Alphabet and Amazon earnings.
- Nasdaq trims its decline, narrowing losses while extending its longest winning streak since 1992.
- Jerome Powell says the U.S. economy remains resilient despite recent market volatility.
- Google shares rise after Q1 earnings beat, driven by strong cloud revenue and a booming backlog.
- Oil prices surge, pulling down broader indices and contributing to the S&P 500 slip.
Why it matters: Google shareholders gain as Q1 earnings lift the stock, while S&P 500 investors face modest declines from oil‑driven price pressure; the earnings window triggers broader market swings.
