tion: This document contains information about tariffs.

iffs.

The "Magnificent Seven" megacap stocks all gained.

progress on negotiations with China remains unclear.

expectations of a Fed rate cut also increased after Federal Reserve Bank of Cleveland President Beth Hammack said policymakers could move forward with a cut in June if the economic data is clear and convincing by then.

The latest on Trump's tariffs

GOOG, GOOGL) announced its fiscal first quarter financial results that topped analyst expectations for both revenue and earnings per share. The company also said it is boosting its dividend by 5% and authorized another $70 billion in stock buybacks.

Intel beats on Q1 expectations, but poor Q2 forecast sends stock sliding

INTC) reported its first quarter earnings after the bell on Thursday bearing estimates on the top and bottom lines, but a disappointing outlook sent shares plummeting in afterhours trading.

Google beats Q1 estimates, raises dividend 5% and authorizes $70 billion in buybacks

GOOG, GOOGL) announced its fiscal first quarter earnings on Thursday, beating on the top and bottom lines. The company also said it is boosting its dividend by 5% and authorized another $70 billion in stock buybacks.

Stocks notch third straight day of gains

(^DJI) jumped 1.3%. The benchmark S&P 500 (^GSPC) gained nearly 2.1%, while the tech-heavy Nasdaq Composite (^IXIC) rose around 2.7%. The "Magnificent Seven" megacap stocks all gained.

Google to report first quarter earnings as investors look for signs of trade war impact

Read more on what Wall Street expects here.

Chipotle stock is 'not for the faint-hearted': Analyst

Brooke DiPalma reports on Wall Street's reaction after Chipotle earnings indicated a consumer slowdown:

Read more here.

A new bitcoin trade is soaring

CEP) stock is up more than 63% on Thursday and is a top trending ticker on the Yahoo Finance website. The move comes after a SPAC merger announcement on Wednesday with Twenty One Capital, which is "expected to offer investors a singular vehicle for Bitcoin exposure, pro-Bitcoin advocacy, and Bitcoin-focused content and media with plans to explore future expansion into Bitcoin-native financial products."

Markets may be reassessing ‘sell America’ trade as yields dip, dollar wobbles

"sell America" trade, which saw investors largely sell US assets in favor of global equities, bonds, and commodities, appeared to wane somewhat on Thursday as US stocks roared higher in a three-day rally sparked by optimism over potential trade progress.

investors dumped both US stocks and traditional safe havens, with the 10-year Treasury yield (^TNX) spiking above 4.4% and the US dollar (DX-Y.NYB) sinking to its lowest level since 2022.

pulling back from both risk assets and volatility hedges, is seen as a rare dislocation, with strategists dubbing it the infamous "sell America" trade. But those trends began to reverse this week as investors bought back into US debt and currencies.

GC=F), which had set several records in recent days as investors flocked to non-dollar-denominated, globally recognized stores of value, retreated on Wednesday to around $3,290 per ounce — further signaling that the "sell America" trade was winding down.

which had bounced higher late Wednesday, but returned to around 4.3% levels on Thursday.

Read more here.

Goldman predicts negative growth in first quarter

Despite upbeat consumer spending data for April, economists polled by Bloomberg now expect the economy to contract in the first quarter.

Mortgage rates remain around 6.8% as market volatility lingers

Unfavorable market conditions are preventing lenders from cutting rates for the seventh week in a row.

Read more here.

Dovish comments from Fed's Hammack helping drive stocks higher

^DJI) rose 0.7%. The benchmark S&P 500 ^GSPC) gained 0.8% while the tech-heavy Nasdaq Composite ^IXIC) gained 1.8%.

Trump's meme coin surges over 30% as the president courts crypto backers

TRUMP-OFFICIAL-USD),, soared 33% on Thursday.

announced Wednesday that there will be a gala dinner at the Trump National Golf Club in Sterling, Va., for the 220 biggest holders of the coin. The 25 biggest Trump coin holders will also receive a "special tour" and VIP reception with the president.

DJT), said it will partner with Crypto.com to launch a series of ETFs under the Truth.Fi brand. These ETFs would hold "Made in America" crypto and stocks.

Read more here about Trump's embrace of the crypto industry.

Intel stock rises ahead of crucial earnings reportiShares of Intel (INTC)