Overview
- The S&P 500, Dow Jones, and Nasdaq posted gains, with the S&P 500 rising 0.4% and the Dow adding 317 points, driven by strong earnings from companies like Mattel and Amgen.
- Mattel's stock surged 15.3% after exceeding profit expectations, driven by Hot Wheels sales, while Amgen rallied 6.5% on robust growth for its cholesterol drug Repatha.
- Alphabet's shares dropped 7.3% despite better-than-expected profits, as investors focused on slowing cloud revenue growth and a $75 billion capital expenditure plan for AI development.
- Asian markets mostly rose, with Japan's Nikkei 225 and South Korea's Kospi gaining, though trade tensions and U.S. tariff policies continue to weigh on global economic sentiment.
- Bond yields fell as data showed weaker-than-expected U.S. service sector growth, while oil prices and the U.S. dollar showed minor fluctuations in trading.