Major Averages Rebound, Nasdaq Up 0.19%

The major averages were broadly higher near noon in a sharp reversal from the previous two trading days as the market figures out how to price strong earnings against a less certain rate outlook. Investors are digesting a wave of mega-cap earnings alongside the Federal Reserve's latest policy signals. The spotlight remains on technology after results reinforced the strength of AI-driven demand, with traders also eyeing Apple's quarterly report after the close.Looking to data, the Commerce Department reported that GDP increased at a 2% annualized pace in Q1, up from 0.5% in the previous quarter but below market expectations of 2.3%, according to a preliminary estimate.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Alphabetreported, increased its dividend 5%, and increased its FY26 capital expenditure guidanceMeta Platformsreported, with family DAP reaching an average of 3.56B in MarchAmazonreportedand provided upbeat Q2 revenue guidanceMicrosoftreported, with Cloud revenue up 29% year-over-yearCaterpillaralso reported better-than-expectedand guided for low-double digit FY26 revenue growth2. WALL STREET CALLS:JPMorganMetaon lack of AI product visibilityQualcommto Buy from Hold at Summit InsightsEtsyto Neutral from Buy at B. RileyAbbVieto Buy at BofA on durable growthOppenheimerbullishon Palantir,with an Outperform3. AROUND THE WEB:Strong demand for Nvidia'sB300 servers in China has doubled its prices, with the equipment costing about $1M each, Reuters reportsUnileverplans to raise prices to soften the hit from higher-than-expected costs driven by the Iran war, with increases in select markets and categories, notably crude oil-exposed home care, and will mainly take effect in the second half of the year, Reuters saysApplehas told suppliers that it will maintain its current production share in India rather than expand, after local sites struggled without China-based teams, Nikkei Asia reportsSoftBankplans to create an AI and robotics company called Roze in the U.S. to build data centers and list it as early as 2026, seeking a $100B valuation, Nikkei Asia saysKKRis exploring the sale of Flora Food Group, the business carved out of Unilever, after increased dairy demand has led the company to abandon a plan to make its entire portfolio plant based, FT says4. MOVERS:Everspin Technologiesgains after executing afor Mil-Aero MRAM applicationsVistance Networksincreases after, announcing a $100M share repurchase program, and agreeing to sell RUCKUS to Belden for $1.846BBandwidthand Novocurehigher in New York afterOption Care Healthand Acadia Healthcarelower afterWaystarfalls afterand providing guidance for FY265. EARNINGS/GUIDANCE:Eli Lilly (LLYand raised its guidance for FY26Illinois Tool Works (ITW), with CEO commenting on "a solid start to the year"Newmarkand raised its guidance for FY26Melco Resortswith EPS missing consensusCheck Pointand provided guidance for Q2 and FY26INDEXES:Near midday, the Dow was up 1.48%, or 724.38, to 49,586.19, the Nasdaq was up 0.19%, or 46.94, to 24,720.18, and the S&P 500 was up 0.51%, or 36.32, to 7,172.27.