"Pfizer gained around 2% premarket after adjusted EPS of $0.66 topped the $0.57 estimate and revenue topped estimates; CEO Albert Bourla said '2026 will be an important year rich in key catalysts.'"
"Anheuser-Busch InBev jumped 6% on Q1 EPS of $0.97 versus $0.91 expected, with revenue of $15.27 billion up 12% year over year and organic growth of almost 6%."
"Pinterest rallied 16% on double-digit sales growth and bullish second-quarter guidance, indicating strong market performance and investor confidence."
"Palantir posted Q1 revenue of $1.63 billion against a $1.53 billion consensus, with adjusted EPS of $0.33 beating the $0.28 estimate, showcasing robust financial health."
The S&P 500 is experiencing gains after a 9% market rebound last month, driven by a pullback in crude oil prices and positive first-quarter earnings. WTI crude futures fell 2% while Brent dropped 1%. The Pentagon confirmed a fragile cease-fire in the Mideast, contributing to market stability. Earnings reports from companies like Pfizer, Anheuser-Busch, and Pinterest exceeded expectations, further boosting market confidence. The CBOE Volatility Index decreased, and Treasury yields remained stable amid geopolitical uncertainty.
Read at 24/7 Wall St.
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