Market-Digest

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. ...

Market Snapshot Index Close Change % Change S&P 500 7,126.06 +84.78 +1.20% NASDAQ 24,468.48 +365.78 +1.52% DOW 49,447.43 +868.71 +1.79% Russell 2000 2,776.90 +57.30 +2.11% VIX 17.48 -0.46 -2.56% Broad risk-on finish to the week. Every major index closed green, small caps led, and the VIX slid back below 18 — a sentiment reset driven by the oil crash and geopolitical de-escalation covered below. Breaking News & Macro Events Oil Prices Plunge on Iran Strait of Hormuz Declaration — CNBC WTI crude collapsed -7.21% to $83.35 and Brent fell -7.34% to $90.97 after Iran declared the Strait of Hormuz “completely open” alongside a Lebanon ceasefire framework. That single headline removed the single biggest Q2 inflation tail risk and triggered the broad rally — cruise, airline, and retail names benefitted while energy gave back gains. ...

Market Snapshot Index Close Change % Change S&P 500 7,041.28 +18.33 +0.26% NASDAQ 24,102.70 +86.69 +0.36% DOW 48,578.72 +115.00 +0.24% Russell 2000 2,719.60 +5.94 +0.22% VIX 17.94 -0.23 -1.27% Breaking News & Macro Events TSMC Q1 profit surges 58% to record on AI chip demand — CNBC Taiwan Semiconductor posted record Q1 net profit of NT$572.48 billion ($35B revenue) and guided full-year 2026 revenue growth above 30% YoY. Advanced nodes contributed 75% of revenue, and Q2 guidance of $39–40.2B extends the AI capex tailwind through mid-year. The print sets a high bar for mega-cap earnings season and reinforces NVDA/AAPL/AMD supply chain strength, even as TSM shares pulled back 3.6% on a “sell the news” reaction. ...

Market Snapshot Index Close Change % Change S&P 500 7,022.95 +55.57 +0.80% NASDAQ 24,016.02 +376.93 +1.59% DOW 48,463.72 -72.27 -0.15% Russell 2000 2,713.66 +8.00 +0.30% VIX 18.17 -0.19 -1.03% Breaking News & Macro Events S&P 500 Breaks Above 7,000 to New All-Time High — TheStreet The S&P 500 surpassed its January record of 7,002.28 and closed at 7,022.95, a new all-time high. Tech and financials led the charge, with NASDAQ surging 1.59%. The milestone reflects renewed risk appetite as geopolitical tensions show signs of easing. ...

Market Snapshot Index Close Change % Change S&P 500 6,967.38 +81.14 +1.18% NASDAQ 23,639.08 +455.35 +1.96% DOW 48,535.99 +317.74 +0.66% Russell 2000 2,705.67 +35.18 +1.32% VIX 18.36 -0.77 -4.03% Breaking News & Macro Events Trump Threatens 50% Tariffs on China Over Alleged Iran Arms Shipment — CNBC President Trump escalated trade tensions with China, threatening 50% tariffs in response to reports of Chinese military support to Iran. The US tariff rate has reached 10.3% — the highest since 1947 — with Section 122 tariffs affecting 34% of US imports valued at $1.2 trillion. A Trump-Xi summit is scheduled for May 14-15, keeping the situation fluid. ...

Market Snapshot Index Close Change % Change S&P 500 6,886.24 +69.35 +1.02% NASDAQ 23,183.74 +280.84 +1.23% DOW 48,218.25 +301.68 +0.63% Russell 2000 2,670.49 +39.90 +1.52% VIX 19.12 -0.11 -0.57% Breaking News & Macro Events Trump Threatens 50% China Tariffs Over Iran Arms Shipment — CNBC President Trump threatened to impose 50% tariffs on China after reports surfaced of Beijing preparing weapons shipments to Iran. The escalation comes ahead of a scheduled May 14-15 summit with Xi Jinping in Beijing. Markets shrugged off the headline, closing broadly higher, but the threat adds another layer of uncertainty to an already fraught trade relationship. ...

Market Snapshot Index Close Change % Change S&P 500 6,816.89 -7.77 -0.11% NASDAQ 22,902.89 +80.48 +0.35% DOW 47,916.57 -269.23 -0.56% Russell 2000 2,630.59 -5.72 -0.22% VIX 19.23 -0.25 -1.28% Breaking News & Macro Events CPI Surges to 3.4% YoY — Headline Miss Rattles Markets — TheStreet March headline CPI came in at +0.9% MoM (vs 0.7% estimate), pushing year-over-year inflation to 3.4% — up sharply from 2.4%. Core CPI was slightly better at +0.2% vs 0.3% consensus, but the headline miss signals persistent inflationary pressure that complicates the Fed’s rate path. The Dow shed 269 points as markets repriced rate-cut expectations. ...

Market Snapshot Index Close Change % Change S&P 500 6,782.81 +165.96 +2.51% NASDAQ 22,634.99 +617.14 +2.80% DOW 47,909.92 +1,325.46 +2.85% Russell 2000 2,620.46 +75.51 +2.97% VIX 21.04 -4.70 -18.26% Breaking News & Macro Events U.S.-Iran Ceasefire Triggers Broad Market Rally — Wall Street / Bloomberg Trump announced a two-week pause in Iran attacks following a five-week conflict. All four major indices surged over 2.5%, with the VIX collapsing 18%. Oil prices pulled back sharply as shipping costs via the Strait of Hormuz begin to normalize after war-risk premiums soared 1000%. Fed rate cut odds jumped from 14% to 43% on the ceasefire news. ...

Market Snapshot Index Close Change % Change S&P 500 6,616.85 +5.02 +0.08% NASDAQ 22,017.85 +21.51 +0.10% DOW 46,584.46 -85.42 -0.18% Russell 2000 2,544.95 +4.30 +0.17% VIX 25.78 +1.63 +6.75% Breaking News & Macro Events Trump’s Iran Deadline Roils Markets as Oil Surges — CNBC President Trump gave Iran until 8 p.m. ET to reopen the Strait of Hormuz, threatening military action on power plants and bridges. Oil jumped to $115.85 (+$3.45). Equities recovered late but the VIX spike to 25.78 reflects elevated tail risk. Energy sector +40% YTD as geopolitical oil supply concerns become a structural factor. ...

Market Snapshot Index Close Change % Change S&P 500 6,611.83 +29.14 +0.44% NASDAQ 21,996.34 +117.16 +0.54% DOW 46,669.88 +165.21 +0.36% Russell 2000 2,540.64 +10.60 +0.42% VIX 24.17 +0.27 +1.13% Breaking News & Macro Events Iran Ceasefire Talks: 45-Day Truce Deadline Tuesday — The Street Markets rallied on reports of a 45-day truce in the Iran conflict, though Iran rejected U.S. talks after the South Pars Gas Field strike and the killing of a Revolutionary Guard intelligence chief. Trump extended the deadline to Tuesday 8pm — failure to reach a deal could reignite oil volatility and risk-off positioning. ...