On Thursday, U.S. stocks advanced, with the S&P 500 gaining 74.29 points (1.04%) to close at 7,210.24 points, and the Nasdaq Composite rising 223.15 points (0.90%) to 24,890.36. The Dow Jones Industrial Average saw a significant increase of 796.27 points (1.63%), ending at 49,658.08. This rally was fueled by robust corporate earnings, particularly from major tech companies like Alphabet, Amazon, Meta Platforms, and Microsoft, which reported strong quarterly results despite concerns regarding artificial intelligence expenditures. Economic data indicated the U.S. economy grew by 2.0% in the first quarter of 2026, and initial jobless claims fell to their lowest level since 1969. However, inflation remains a concern, with year-on-year rates above 3% due to rising energy prices, complicating the Federal Reserve's monetary policy decisions. The Fed recently maintained its key interest rate amid uncertainties related to ongoing geopolitical tensions in the Middle East, particularly with Iran. Eli Lilly's stock surged after the company raised its annual profit forecast, and Caterpillar shares reached a record high due to increased demand for its products.