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Stock impact report

Wall Street rises on signs of China's tariff relief, upbeat Alphabet results [Yahoo! Finance Canada]

Phillips 66 (PSX) 
Last phillips 66 earnings: 5/1 07:00 am Check Earnings Report
Meanwhile, Google-parent Alphabet reported upbeat first-quarter results, easing investor worries about returns on hefty artificial intelligence-focused investment. Shares of the firm - one of the "Magnificent Seven" group of heavyweight stocks - jumped 5.6% in premarket trade. Other social media companies rose after strong Google ad revenue, with Meta Platforms up 3.9% and Pinterest gaining 4.9%. At 5:25 a.m. ET, Dow E-minis were up 26 points, or 0.06%, S&P 500 E-minis were up 23 points, or 0.42% and Nasdaq 100 E-minis were up 75.5 points, or 0.39%. Wall Street's main indexes were set for strong weekly gains after signs of a possible detente in U.S. President Donald Trump's trade war with China and his backtracking on threats to fire the head of the Federal Reserve, as well as some upbeat corporate results. Indexes rose for the third consecutive session on Thursday, the best winning streak for the S&P 500 since Trump's April 2 "Liberation Day" tariff announcement. The S&P 5 Show less Read more
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