# Strong corporate earnings offset concerns over oil supply shocks and geopolitical tensions.

*business · news · 2026-04-30 · The Economic Times*

## Key points

- Alphabet reported a record quarter for its cloud unit, driving a surge in its stock price.
- Meta and Microsoft shares fell due to concerns over sustained high expenditures on artificial intelligence.
- U.S. jobless claims reached their lowest level since 1969, indicating a strong labor market.
- Federal Reserve held rates steady with its most divided vote since 1992 amid Middle East uncertainty.
- Caterpillar shares hit a record high after reporting strong demand for power generation equipment.

**Companies:** Alphabet, Amazon, Meta Platforms, Microsoft, Apple, Caterpillar, Eli Lilly
**Countries:** United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/us-stocks/news/us-stocks-today-us-market-ends-higher-sp-500-nasdaq-notch-biggest-monthly-gains-in-years/articleshow/130651806.cms)

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