On April 30, the S&P 500 breached 7,200 for the first time as both the index and Nasdaq closed at record highs. The Dow surged nearly 800 points, marking the best monthly performance since 2020.
U.S. stocks surged on the final trading day of April, with the S&P 500 closing above 7,200 for the first time and the Dow jumping nearly 800 points, as all three major indices posted their biggest monthly gains since 2020.
The Nasdaq is set to open lower as stalemate in US-Iran peace talks and crude oil surging above $107/barrel trigger risk-off sentiment across markets, with gold climbing and Bitcoin retreating.
US-Iran peace negotiations hit a wall as Iran’s foreign minister returns to Pakistan without a breakthrough, sending stock futures lower and oil prices higher.
Five major tech giants with a combined market cap exceeding $16 trillion will report earnings this week, as markets scrutinize whether massive AI investments are delivering real returns.
The busiest week of the earnings season arrives as Meta, Apple, Amazon and other tech giants report results, with investors closely watching whether massive AI investments are paying off.