S&P 500 and Nasdaq set records

The S&P 500 and Nasdaq closed at fresh records on Monday, April 27, even as oil climbed and the Dow slipped. (cnbc.com) The S&P 500 added 0.12% to 7,173.91, and the Nasdaq Composite gained 0.20% to 24,887.10. The Dow Jones Industrial Average fell 62.92 points to 49,167.79. (cnbc.com) Nvidia led the tape again, rising 4.00% to $216.61 after touching $216.83 intraday. Trading Economics listed Alphabet at $350.34, up 1.72% on the day. (stockanalysis.com) (tradingeconomics.com) The setup now shifts to earnings. Alphabet, Microsoft, Amazon and Meta are all scheduled to report on Wednesday, April 29, in one of the heaviest weeks of the quarter. (tickeron.com) Those companies sit at the center of the artificial-intelligence trade because they buy the chips, rent the cloud capacity and sell the ads and software tied to new AI tools. Investors are watching cloud growth, ad demand and capital spending for proof that the revenue is catching up to the spending. (tickeron.com) Monday's gains came with a geopolitical drag in the background. CNBC reported that stalled U.S.-Iran talks and fresh tension around the Strait of Hormuz pushed West Texas Intermediate crude to $96.37 a barrel and Brent to $108.23. (cnbc.com) Even with that pressure, investors kept buying the market's biggest technology names. Trading Economics showed Nvidia, Alphabet, Microsoft, Amazon and Meta among the largest components driving the benchmark higher. (tradingeconomics.com) That leaves little room for disappointment on April 29. After records on Monday, Wall Street's next test is whether Big Tech can turn the AI boom into numbers. (cnbc.com) (tickeron.com)