S&P 500 Opens at 7,162 (+0.36%) on Amazon, Alphabet Beats Despite Oil Over $105

The S&P 500 opened higher at 7,161.75 (+0.36%) on April 30, 2026, driven by strong Q1 earnings beats from Amazon and Alphabet, overshadowing U.S.-Iran tensions pushing Brent crude to $105–$106/bbl and Strait of Hormuz blockade fears. The index rebounded nearly 10% from April lows near 7,109 after a 0.49% drop to 7,138.80 on April 28 amid OpenAI revenue/user misses and WTI surging over $100/bbl. Volatility persisted since March 12 when oil hit $100/bbl on Middle East escalation, with failed cease-fires, Fed rate hold (0% hike odds), and 89% of S&P reporters beating estimates (+13.2% YoY EPS) fueling recovery amid energy hedging and tech strength.