Stock market today: Dow, S&P 500, Nasdaq recover as traders assess tariff developments, new jobs data

The response of the markets, particularly the uplift in tech stocks, suggests that investors are optimistic about growth in technology sectors, despite the backdrop of trade wars and inflation concerns. The strong earnings guidance from AMD indicates continued demand in the semiconductor space, while Snap's revenue beats highlight resilience in social media companies amidst this turbulence.

Alphabet's disappointing cloud revenue and the broader trade tensions could weigh negatively on the tech sector, especially if further escalations occur. The company's substantial drop in after-hours trading signals a lack of confidence from investors following the earnings report, which is concerning given the competitive landscape they face from both domestic and international players.

Snap Inc.'s impressive earnings and positive revenue guidance are an indication of strong demand in the digital advertising space. This reinforces the potential for further upside in the stock as it improves its user base and advertiser confidence, especially as it competes with larger platforms.

Chipotle's sales miss indicates that consumer spending may be moderating in the dining sector, amid inflation pressures. This could challenge future growth expectations for the restaurant chain, which has prided itself on strong sales trends post-pandemic, signaling cautious sentiment going forward.