Wall Street ends mixed ahead of big tech earnings

Wall Street ends mixed ahead of big tech earnings

By Stephen Culp and Niket Nishant

Wed April 29, 2026  

I wouldn’t call Wall Street “mixed” today but rather wildly gyrating between big losses on all three indexes (the Dow down over 400, the Nasdaq over 160) and a sudden late session surge in tech that brought both indexes to break-even. Spiking crude prices as well as overall uncertainty with Iran sent everything spiraling down in the morning. Then the modestly good news came that Trump was talking to oil producers like Chevron about how to stablize gas prices while new orders for capital goods jumped 3.3%, the largest increase in nearly six years.  

But the real trigger for the late afternoon rally came with renewed AI confidence at the 11^th hour before the Mag7 was expected to chime in with their Q1. Four of the behemoths did chime in after the bell, which would not have impacted today’s numbers but assumed to be positive since their stocks rose a good chunk in after-hours trading. If that’s true, we should see more of a rally tomorrow. But the emphasis is not so much on whether tech AI reporting goes well as whether the enormous AI capex spending will continue and be justified. Until the big companies do come in, volume remains below the 17.81 average, closing today at 16.37 billion. 

DJ: 49,141.93  -25.86         NAS: 24,663.80  -223.30        S&P: 7,138.80  -35.11             4/28

DJ: 48,861.81  -280.12       NAS: 24,673.24  +9.44           S&P: 7,135.98  -2.82               4/29

Wed 4-29-26 4:35 pm Wall Street ends mixed ahead of big tech earnings | Reuters