Stock market today: Dow jumps, Nasdaq surges as Wall Street rallies for fourth day on easing trade tensions

✅ Alphabet’s blowout earnings may mark the peak for this year — but the stock’s still a good buy: Investors have spent the better part of the year dumping high-risk tech stocks in fear of a macroeconomic slowdown. All the while, Alphabet Inc. was riding out a solid first quarter. On Thursday, the Google parent company reported first-quarter earnings per share of $2.81, beating the FactSet consensus of $2.01, while revenue came in at $90.2. MarketWatch reports.

💻 Intel going back to its roots, but latest plans will be costly and stock tumbles on outlook: Intel late Thursday unveiled a turnaround plan that aims to return it to its engineering roots, the first major action under new Chief Executive Lip-Bu Tan, but its stock tumbled on its outlook, which included talk of recession. MarketWatch reports.

📊 S&P 500’s rapid exit from correction territory hinged on Trump’s walk-backs of tariffs and Fed fight: The S&P 500 on Thursday was able to exit correction territory, ending at least 10% above its recent low set in the wake of President Donald Trump’s April 2 “liberation day” tariffs. MarketWatch reports.

💿 IBM slides as federal spending cuts, uncertain economy impact consulting business: Shares of International Business Machines fell nearly 7% in morning trading on Thursday after the company said some of its federal contracts were suspended, while an uncertain economy poses a further threat to its consulting business. Yahoo Finance reports.

🥤 PepsiCo cuts annual profit forecast as tariffs set to drive up costs: PepsiCo on Thursday cut its annual profit forecast as the soda and snacks giant signaled higher production costs and subdued consumer spending due to the uncertainty fueled by U.S. President Donald Trump's expansive tariffs. Yahoo Finance reports. Yahoo Finance reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1) $AGMH: AGM Group Holdings

Total gain: +65.12%

2) $BNT: Brookfield Wealth

Total gain: +50.98%

3) $OMEX: Odyssey Marine Exploration

Total gain: +32.02%

4) $SES: SES AI

Total gain: +30.62%

5) $AZTR: Azitra

Total gain: +27.32%

The closing price of the top three market percent gainers trading near or above $3 on April 24.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) $CEP: Cantor Equity Partners

Total gain: +50.23%

Twenty One Capital announced it has entered into a definitive agreement for a business combination with Cantor Equity Partners. Benzinga reports.

2) $TMC: The Metals Company

Total gain: +45.29%

The stock appeared to be moving on no notable news.

3) $PONY: Pony AI

Total gain: +40.32%

Hesai Group announced that its long-range, automotive-grade AT128 lidar has been selected as the primary lidar solution for all three mass production models of the new seventh-generation Robotaxi unveiled by Pony AI. Benzinga reports.