US stocks at the open: Google up by about 7%, Meta down by nearly 10%

At the beginning of U.S. stocks trading, the Dow Jones Industrial Average was up 0.55%, the S&P 500 index was up 0.45%, and the Nasdaq Composite was up 0.63%.

Eli Lilly rose about 7%, with the company's Q1 revenue surging by 56%, sales of GLP-1 drugs nearly doubling, and upward revision of full-year guidance.

Qualcomm rose about 8%, with the company's Q2 mobile chip sales falling by 13%, but CEO "sees a bottom," and data centers becoming a new lifeline.

Alphabet's Class A shares rose about 7%, with revenue in the first quarter of Alphabet surpassing expectations by growing 22%, AI-driven multi-section business growth, and cloud business surging by 63%.

Meta dropped by 9.5%, with the company's Q1 revenue growth of 33% slightly exceeding expectations, and raising full-year capital expenditure to a maximum of $145 billion.

Amazon rose by about 2%, with cloud business supporting Amazon's Q1 revenue acceleration, AWS income growth at the highest in nearly four years, and capital expenditure exceeding expectations.

Microsoft fell by about 3%, with the company's revenue in the previous quarter exceeding expectations by growing, Azure cloud revenue increasing by 40%, and unexpected deceleration in capital expenditure.