US Market Snapshot

Index Records Amid Geopolitics

• 🔥 S&P 500 and Nasdaq Hit Records: S&P 500 and Nasdaq set records while the Strait of Hormuz remains closed.
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Trend signals continued S&P upside despite seasonality:

• Earnings debate fuels higher moves
• Sell in May outdated per BofA's Paul Ciana data; focus...

Key NVDA takeaways from CNBC/Bloomberg coverage:

• Stock dipped post-hyperscaler earnings due to Alphabet's TPU rollout to third parties, sparking...

Market resilience shines: S&P 500 hits ATH at 7,230 on Thu/Fri, Nasdaq too, fueled by tech earnings.

• Strait of Hormuz closed amid Iran tensions, no...

Bond market alert: The 30-year U.S. Treasury yield (US30Y) approaches Bank of America's 5% 'Maginot Line' threshold, with breakout risks looming for markets. Key watch for S&P 500.

Fundstrat's Tom Lee says the market is rising for all the right reasons, spotlighting recent earnings growth in equity markets.

Index Records & Monthly Gains

• 🔥 S&P 500 and Nasdaq Hit New Highs: S&P 500 gained 10.4% in April for its best month since 2020, Nasdaq Composite...

Pre-market gains lift Dow, S&P 500, Nasdaq futures as Trump administration evades war powers deadline.

• Eases geopolitical tensions, supporting upward momentum
• Apple, Twilio, Roblox in focus today

Key brief for May 1: Relief rally underway.

Major indices kick off May higher:

• S&P 500 +0.81% to 7,267.41
• Nasdaq +1.16% to 25,180.56
• Dow +0.58% to 49,938.78

AAPL surges 5.61% on impressive results, though forecast stuns bulls. Watch AI and tech momentum.

Fed holds steady at 3.5-3.75% for third meeting amid inflation and oil spikes.

• Record 4 dissents—first in 34 years—oppose easing bias, signaling no...

Market resilience shines: U.S. indices delivered blockbuster April gains amid geopolitical oil turmoil.

• S&P 500 +10.4%, best month since Nov 2020;...

Tech beats drive new highs for Nasdaq and S&P amid strong April:

• Nasdaq 100 record high on Alphabet (+6%, $94.57B rev ex-TAC > est) and Qualcomm...

ExxonMobil suffers 15% production cut due to Strait of Hormuz closure, highlighting major oil producers' vulnerability to Mideast supply risks. Prediction markets show 100% YES for crude hitting $90 by June end—watch energy stocks.

• Semis surge: Now 41.9% of IT sector market cap (vs. 10% in 2013), fueling SPY's historic rally just 0.69% from ATH
• SOX index up 37% in...

• Participation surges: S&P 500 equal-weight spikes higher, small-caps hit record closes signaling broad strength.
• Consumer edge: Visa and Starbucks...

Market Snapshot

• 🔥 S&P 500: The S&P 500 closed at 7135, near an all-time high.
• 🔥 MAG7 Earnings: MAG7 earnings today did not disappoint.

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• Oil surges on Iran blockade extension rumors: Brent $118+ (4-yr high), WTI $106.88; Hormuz tensions rise with Trump prep.
• OPEC fractures: UAE...

Timeline of key progress:

• Sen. Tillis, who blocked Trump's pick, now ready to advance confirmation
• Senate banking committee votes along party lines to confirm Warsh Wednesday, sets up full Senate vote

Path clearing fast for next Fed chair.

Key MAG7 earnings calls streaming live, spotlighting tech giants amid market focus:

• Meta Q1 FY26 call active, highlighting tech growth stocks
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• Next 24h critical: Silver at turning point; Fed press conference could trigger major price move.
• Rate hold priced in: Focus shifts to Powell's...