The market delivered another historic session with Nasdaq surging over 2%, S&P 500 and Russell 2000 setting new all-time intraday records. Tech stocks led the charge as investor optimism surrounding potential Iran peace deal negotiations drove global risk appetite higher.
International markets joined US gains with oil retreating on hopes of a US-Iran ceasefire. Defense Secretary Pete Hegseth confirmed the ceasefire "certainly holds," reducing geopolitical tensions that have weighed on markets.
| Company | Ticker | EPS | Revenue | After-Hours |
|---|---|---|---|---|
| AMD | AMD | $1.27 beat | $8.2B beat | +16.10% to +16.89% |
| Pfizer | PFE | $0.75 beat | $14.5B | +0.6% |
AMD CEO Lisa Su doubled long-term CPU forecast after strong Q1 earnings, citing exploding AI compute demand. The stock is up over 66% in 2026 and continues to be the poster child for the AI infrastructure boom. After-hours trading shows massive gains of 16-17%.
Pfizer delivered Q1 2026 earnings of $0.75/share vs $0.71 expected on $14.5B revenue. The company reaffirmed 2026 guidance: $2.80-$3.00 adjusted EPS and $59.5B-$62.5B revenue. Increased R&D spending weighed on margins year-over-year, but pipeline momentum remains intact.
AMD is the clear after-hours winner, trading between $412.46 and $413.30, up 16-17% after earnings. The company's optimistic AI outlook and raised long-term forecasts are driving massive institutional and retail interest.
S&P 500, Nasdaq, and Dow futures are all trading higher in extended hours, indicating strong momentum carrying into tomorrow's session. Tech-heavy futures are outperforming, suggesting continued sector leadership.
Crude oil prices declined significantly on hopes for a US-Iran resolution, which could ease supply constraints and reduce energy costs. This deflationary pressure is contributing to the risk-on sentiment across equities.
With all major indices at or near record highs and strong after-hours momentum, expect continuation of the uptrend. Key support levels: S&P 7,300, Nasdaq 25,600.
AMD's explosive earnings should drive semiconductors and AI-related names higher. Watch NVDA, INTC, and AI infrastructure plays for follow-through buying.
Thursday brings 583 earnings reports across multiple sectors. Key focus areas: consumer discretionary, financials, and healthcare. Position sizing remains crucial.
S&P 500: Resistance 7,400, Support 7,300
Nasdaq: Resistance 26,000, Support 25,600
Dow: Resistance 50,000, Support 49,500
Buy dip opportunities on strength in AI/semiconductors. Maintain stop-losses below key support levels. Be selective with earnings plays - focus on companies with positive guidance and clear growth catalysts.
While Iran peace deal optimism is driving markets currently, any setback in negotiations could trigger rapid reversal. Monitor diplomatic developments closely.
Major indices are at all-time highs with elevated P/E ratios, particularly in tech. Any earnings disappointments could lead to sharp corrections. 450+ earnings reports Thursday increase headline risk.
Keep an eye on upcoming economic data releases. Inflation and interest rate expectations remain key drivers. Any hawkish signals from Fed officials could dampen sentiment.
May-October historically weak period for markets (average S&P 500 gain ~2%). Current exuberance could be tested as seasonality factors and institutional repositioning increase.