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Dow and S&P 500 slip as Nasdaq rises after Fed and tech earnings today
Economy
Published on 4 May 2026
Alphabet’s surge flipped futures higher—so why aren’t all indexes following
Wall Street ended mixed as the Dow and S&P 500 fell while the Nasdaq climbed, with traders weighing the Fed decision, oil moves, and standout technology earnings. Energy stocks gained, but utilities and materials lagged. After the close, futures rose following a sharp jump in Alphabet shares, shifting sentiment—but tomorrow’s direction now hinges on inflation data and corporate outlook amid global tensions.
- Dow and S&P 500 fell while Nasdaq rose despite the same drivers
- Oil strength lifted energy, while utilities and materials weakened
- Futures turned higher after Alphabet surged post-close
- Next moves depend on inflation readings and corporate guidance
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times