Wall Street Hits Record, Earnings in Focus
US stocks rallied and hit new records in the latest session, as the market shrugged off the prolonged disruption to oil exports from the Middle East and shifted focus to the earnings season. The S&P 500 and Nasdaq 100 each rose 1% to new highs, while the Dow Jones Industrial Average gained 0.5%.
The technology sector led the gains after Apple rose 3% after posting solid earnings and a solid outlook. Sentiment was supported by sales of the latest iPhones and strong performance in the Chinese market, maintaining the narrative that demand for premium products remains resilient amid macroeconomic uncertainty.
In the energy sector, ExxonMobil and Chevron also edged higher after releasing first-quarter results that beat earnings expectations. This market response suggests investors still place a premium on major energy companies, even though oil supply risks remain a key driver of volatility, particularly through inflation and sensitivity to interest rate expectations.
Meanwhile, MetaTrader 4 halted its downward trend, and Nvidia rose more than 1% as the market reassessed how strongly signals of rising AI spending are actually driven by demand growth. Mixed earnings momentum for hyperscalers has made investors more selective, even though recent data suggests AI investment supported first-quarter US GDP and helped offset signs of slowing private consumption.
Going forward, the market will monitor the continuation of corporate earnings guidance, the consistency of AI spending with real demand, and whether energy risks from the Middle East again shift inflation expectations, which could impact growth-based stock valuations. (srh)
Source: Newsmaker.id
