{"id":430026,"date":"2026-05-01T00:00:13","date_gmt":"2026-04-30T17:00:13","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/05\/us-stocks-shake-off-the-early-malaise-despite-3-of-4-hyperscalers-falling-on-earnings\/"},"modified":"2026-05-01T00:00:13","modified_gmt":"2026-04-30T17:00:13","slug":"us-stocks-shake-off-the-early-malaise-despite-3-of-4-hyperscalers-falling-on-earnings","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/05\/us-stocks-shake-off-the-early-malaise-despite-3-of-4-hyperscalers-falling-on-earnings\/","title":{"rendered":"US stocks shake off the early malaise despite 3 of 4 hyperscalers falling on earnings"},"content":{"rendered":"<div>\n<p>The S&amp;P 500 has extended today&#8217;s gain to 38 points, or 0.5%. It has been 13 points lower at the lows as the market digests five big earnings reports from late yesterday and one from this morning. The reactions in those names:<\/p>\n<ul>\n<li>MSFT -5.5%<\/li>\n<li>META -8.9%<\/li>\n<li>GOOGL +7.7%<\/li>\n<li>AMZN -1.4%<\/li>\n<li>QCOM +16%.<\/li>\n<li>CAT +10.1%<\/li>\n<\/ul>\n<p>The tech names are truly a mixed bag but I think the chip names are actually more important this point. The hyperscalers are incinerating cash but they increased capex again in the quarter and that&#8217;s a good sign for the $700 billion that&#8217;s flowing downstream from it.<\/p>\n<p>For the broader market, I wonder if Caterpillar wasn&#8217;t a stronger signal.<\/p>\n<p>\u201cWhile there is increased uncertainty due to geopolitical events and elevated energy prices, our end markets have been resilient.\u201d<\/p>\n<p>At the same time, CAT itself cited AI capex as a big driver for its earnings, particularly in power generation.<\/p>\n<p>Another notable name to report was Royal Caribbean Cruise Lines and shares of that company rose 6.7% in a positive view on the consumer.<\/p>\n<p>\u201cConsumers\u2026 remain very healthy, supported by excess cash, strong employment trends and a continued preference for consuming experiences over purchasing things,&#8221; an Jason Liberty, Chairman and CEO. \u201cWe are not turning the corner. We have turned the corner\u2026 the moderation that we saw has turned.\u201d<\/p>\n<p>Even on the war, he said the consumer only briefly dipped.<\/p>\n<p>\u201cThe softer booking trends lasted for a few weeks, but we have now turned a corner,&#8221; Liberty said.<\/p>\n<p>Today we get earnings from Apple, which has generally stayed out of the AI race but could stand to benefit from it if there is a meaningful change in on-device usage. Though some argue that AI could take us away from our phones.<\/p>\n<p>As for the stock market, there is somewhat of a lift today from dipping oil prices, a lower USD and declining Treasury yields. Those are typical moves around optimism that the war is ending, though the headlines today don&#8217;t exactly support that.<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The S&amp;P 500 has extended today&#8217;s gain to 38 points, or 0.5%. It has been 13 points lower at the lows as the market digests five big earnings reports from late yesterday and one from this morning. The reactions in those names: MSFT -5.5% META -8.9% GOOGL +7.7% AMZN -1.4% QCOM +16%. CAT +10.1% The [&hellip;]<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-430026","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/430026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=430026"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/430026\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=430026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=430026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=430026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}