Market News

Overnight Developments US-Iran Peace Talks Stall — Oil Spikes Above $100 — Bloomberg President Trump canceled the planned Witkoff/Kushner trip to Pakistan as US-Iran negotiations broke down overnight, pushing crude oil futures above $100/barrel (with some contracts touching $107). The risk-off move is feeding through to tech, where rate-sensitive growth names are leading the futures decline. Affected sectors: Tech, Energy, Defense Sun Pharma Acquires Organon in $11.75B Deal — Bloomberg Sun Pharmaceutical announced an all-cash acquisition of Organon (OGN) at $14/share, targeting the women’s health and biosimilars portfolio. OGN trading +15% pre-market. Affected sectors: Healthcare / Pharma ...

Market Snapshot Index Close Change % Change S&P 500 7,138.80 -35.11 -0.49% NASDAQ 24,663.80 -223.30 -0.90% DOW 49,141.93 -25.86 -0.05% Russell 2000 2,756.05 -32.14 -1.15% VIX 17.83 -0.20 -1.11% Breaking News & Macro Events OpenAI Misses Revenue Targets, Sparks Tech Selloff — CNBC/WSJ A Wall Street Journal report that OpenAI is undershooting revenue and growth targets reverberated across the AI complex on Monday and bled into Tuesday’s session. The Nasdaq led declines as semis (NVDA -2.6%, TSM -3.4%) and AI infrastructure names sold off; nuclear/AI-power proxies (OKLO -9.3%, NNE -8.4%, SMR -6.1%) took the brunt. The episode reignites concerns about the durability of AI capex assumptions ahead of mega-cap prints this week. ...

Market Snapshot Index Close Change % Change S&P 500 7,173.91 +8.83 +0.12% NASDAQ 24,887.10 +50.50 +0.20% DOW 49,167.79 -62.92 -0.13% Russell 2000 2,788.19 +1.19 +0.04% VIX 18.02 -0.67 -3.58% A quiet drift higher into one of the most loaded earnings weeks of the year. The Nasdaq nudged to fresh territory while the Dow lagged, and a 3.6% drop in the VIX suggests options markets are not bracing for chaos despite Mag 7 reporting in the next 72 hours. ...

Overnight Developments Intel Posts Q1 Blowout, AI Revenue Now 60% of Business — CNBC Intel reported Q1 2026 EPS of $0.29 adjusted vs $0.01 expected, with revenue of $13.58B beating the $12.42B consensus. AI-related revenue is now 60% of total and up 40% YoY. Management announced Terafab partnerships with Google Cloud and Tesla/SpaceX and guided Q2 to $13.8B–$14.8B. Shares surged in after-hours trading. BNP Paribas downgraded to Neutral on execution concerns, but the tape is decisively positive. Affected sectors: Semiconductors, Tech, AI infrastructure ...

Market Snapshot Index Close Change % Change S&P 500 7,165.08 +56.68 +0.80% NASDAQ 24,836.60 +398.09 +1.63% DOW 49,230.71 -79.61 -0.16% Russell 2000 2,787.00 +11.90 +0.43% VIX 18.71 -0.60 -3.11% Tech-led tape with narrow breadth: the NASDAQ ripped to a record on a semiconductor-and-AI bid while the Dow leaked fractional red. Oil’s 5% drop on Iran de-escalation hopes fueled risk-on. Breaking News & Macro Events Intel Surges on Earnings Beat; Semiconductors on 18-Day Win Streak — Yahoo Finance Intel’s Q1 blowout — $13.6B revenue (+9% beat), Data Center/AI +22% YoY — extended a semiconductor rally now 18 consecutive sessions long. AMD +13%, QCOM +10%, and NVIDIA reclaimed a $5T market cap as capital rotated aggressively into AI infrastructure. The post-earnings trade validates the thesis that AI capex is accelerating rather than peaking. ...

Overnight Developments US-Iran Ceasefire Extension — Strait of Hormuz Blockade Continues — CNBC / Bloomberg President Trump announced an extension of the US-Iran ceasefire to allow Tehran to submit a unified proposal, but the blockade of the Strait of Hormuz remains in place. With roughly 20% of global oil supply still affected, crude prices are pushing higher and risk sentiment is capped despite a modest futures bid. Affected sectors: Energy, Transportation, Airlines, Logistics, Consumer ...

Market Snapshot Index Close Change % Change S&P 500 7,108.40 -29.50 -0.41% NASDAQ 24,438.50 -219.06 -0.89% DOW 49,310.32 -179.71 -0.36% Russell 2000 2,775.10 -10.28 -0.37% VIX 19.31 +0.40 +2.12% Broad indices retreated as Iran/Strait-of-Hormuz concerns flared and several marquee earnings misses dragged mega-cap tech lower. VIX back above 19 for the first time in weeks. Breaking News & Macro Events Oil Spikes Near 4% on Iran War Worries; Mega-Cap Tech Drags Nasdaq — TheStreet Renewed concerns over potential Strait of Hormuz disruption sent WTI up ~2.3% to $96.76 and Brent above $106. Meta fell >2% after confirming a ~10% workforce reduction (effective May 20), while IBM and ServiceNow slid on disappointing earnings. Defensive positioning dominated the tape. ...

Overnight Developments No black-swan events overnight. Iran ceasefire negotiations continue to dominate the geopolitical tape but the extension talks have been in the price for days — not a fresh shock. Fed meeting sits next week (Apr 28–29); BOJ on Apr 26–27. Macro calendar is quiet into the US open. Futures & Pre-Market Index Futures Change S&P 500 7,139.25 +0.04% NASDAQ 26,828.75 +0.06% DOW 49,578.00 +0.04% Futures essentially flat. The alert today is being driven by a single-name dislocation in the watchlist, not an index-level move. ...

Market Snapshot Index Close Change % Change S&P 500 7,137.90 +73.89 +1.05% NASDAQ 24,657.57 +397.60 +1.64% DOW 49,490.03 +340.65 +0.69% Russell 2000 2,785.38 +20.41 +0.74% VIX 18.92 -0.57 -2.92% Breaking News & Macro Events Trump Extends US-Iran Ceasefire Indefinitely — Yahoo Finance The S&P 500 and Nasdaq notched fresh all-time highs after the administration extended the Iran ceasefire indefinitely, citing Tehran’s “seriously fractured” government. Risk-on sentiment swept across equities, with the VIX dropping below 19 and tech leadership broadening beyond megacaps — though crude pushed higher on uncertainty about post-ceasefire oil flows. ...

Market Snapshot Index Close Change % Change S&P 500 7,064.01 -45.13 -0.63% NASDAQ 24,259.96 -144.43 -0.59% DOW 49,149.38 -293.18 -0.59% Russell 2000 2,764.97 -27.99 -1.00% VIX 19.50 +0.60 +3.17% Broad, orderly decline across major indices as a big-tech-led bid faded. Small caps underperformed and volatility ticked modestly higher — a risk-off tape, not a panic. Earnings-season jitters and the still-unresolved US-Iran ceasefire talks kept sellers in control, while the nuclear and crypto-proxy corners of the speculative complex took outsized damage. ...