Overview
The U.S. stock market closed higher, with the S&P 500 index nearing an all-time high. The Nasdaq recorded a rise for the tenth consecutive day, achieving the longest rally since 2021. The positive market atmosphere was driven by hopes for Middle East peace negotiations and promising inflation data.
| Nasdaq Composite(QQQ) | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
A Major News Story
Software-related stocks showed strength, with the Philadelphia Semiconductor Index reaching record highs for the fifth straight day. Corporate earnings varied, with JP Morgan and Wells Fargo falling due to lower-than-expected results, whereas CTE Group and BlackRock saw their stock prices rise on better-than-expected performance.
Tomorrow's Economic Indicators
| Time | Event |
|---|---|
| 10:30 PM | Federal Reserve Vice Chair Speech |
| 10:30 PM | U.S. April Empire State Manufacturing Index Release |
| 10:30 PM | U.S. April Import Price Index Release |
| 11:30 PM | U.S. Crude Oil Inventory Announcement |
| 11:45 PM | Federal Reserve Governor Bowman Speech |
A General Opinion
The U.S. stock market's rise was supported by optimism over Middle East negotiations and favorable inflation data, though global uncertainties continue to loom. Investors remain cautiously optimistic.
