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Market Headlines 👀 

• US Q1 advanced GDP comes in at 1.6%; est: 2.5%.

• US Treasury issues $180b in t-bills this week and overall has a healthy appetite in the bond markets.

• US weekly jobless claims come in at 215k.

• Alphabet (GOOGL) beats big on earnings and announces its first company dividend ever.

• Meta Platforms (META) beats earnings, but has a higher capex than street expected knocking the stock down billions in market cap.

• Nvidia (NVDA) acquires AI workload management software company Run:ai.

Earnings 💸

• Microsoft (MSFT)

  • EPS: $2.94 beats (exp. $2.84)

  • Revenue: $61.9b beats (exp. $60.9b)

• Alphabet (GOOGL)

  • EPS: $1.89 beats (exp. $1.50)

  • Revenue: $93.5b beats (exp. $91.3b)

• Snapchat (SNAP)

  • EPS: $0.03 beats (exp. $-0.05)

  • Revenue: $1.19b beats (exp. $1.12b)

• Caterpillar (CAT)

  • EPS: $5.60 beats (exp. $4.91)

  • Revenue: $15.8b misses (exp. $16b)

• Intel (INTC)

  • EPS: $0.18 beats (exp. $0.13)

  • Revenue: $12.7b misses (exp. $12.8b)

• SouthWest Airlines (LUV)

  • EPS: $-0.36 misses (exp. $-0.34)

  • Revenue: $6.33b misses (exp. $6.42b)

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S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

Alphabet earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

Microsoft earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

Market Preview 🎞️

• Friday, April 26th: Personal income and spending (PCE); University of Michigan sentiment survey and inflation expectations

• No US Fed speakers they are in blackout period ahead of FOMC meeting next week

Enjoy reading?👇

That’s all for this week, folks! We’ll be back around the same time Tuesday with a curated list of important news, economic data and market highlights. 

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