Market Updates
AI-Driven Tech Stocks Lead Gainers On Wall Street
Barry Adams
29 Apr, 2026
New York City
Stocks in New York traded sideways as investors reviewed another batch of earnings.
The S&P 500 Index and the tech-heavy Nasdaq Composite stayed close to the flatline, and investors awaited the release of quarterly results from leading tech companies.
The Federal Reserve is widely expected to hold the Fed funds rate unrevised between 3.5% and 3.75% for the third consecutive meeting in April, as policymakers assess the impact of ongoing conflict in the Middle East.
With oil prices continuing to rise, reigniting inflationary forces, the outlook for the economy remains uncertain, despite the labor market and broader economic indicators remaining resilient.
U.S. Movers
Starbucks rose 5% to $102.0 after the coffee chain operator's quarterly results surpassed market expectations and the company raised its outlook.
Seagate Technology PLC soared 17% to $682.01 after the digital storage company reported strong third-quarter results and the company raised its outlook for the quarter.
NXP Semiconductors soared 18% to $272.00 after the company provided a strong second-quarter outlook.
Yum Brands Inc. increased 0.6% to $157.26 after the fast food company reported strong quarterly results, driven by an 8% rise in same-store sales at Taco Bell.
Annual Returns
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Earnings
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