Dow Jumps 1.3% on Caterpillar Surge

U.S. Dow Jones rose 1.3% to 49,492.73, propelled by Caterpillar’s 10.15% jump and raised revenue guidance.
Alphabet surged over 7% to a record high on stronger‑than‑expected cloud revenue, while Meta fell 9% after lifting 2026 capex to $125‑$145 bn.
Fed kept policy rate at 3.50‑3.75% with no statement change; four FOMC members dissented, and Powell announced he’ll stay on the board.
Core PCE rose 0.3% MoM (3.2% YoY) and Q1 GDP grew 2.0% annualized, while jobless claims fell to 189k, lowest since 1969.