Wall Street closed last session with the major US indices, the S&P 500, Nasdaq, and Dow Jones, hitting all-time highs in unison. The S&P 500 closed above 7,300 for the first time, while the Nasdaq jumped 2.02%.
Two catalysts drove the rally in tandem. AMD's strong earnings sparked an AI optimism wave that spread to Asia, sending the Nikkei 225 to a record high and SoftBank up 16% in a single session.
At the same time, progress on a US-Iran peace deal pushed oil sharply lower and investors moved aggressively into risk.
Tonight's Watchlist 📈
| Stock | Movement | What to Watch |
|---|---|---|
| AMD | Pre-market strong | Goldman upgraded to Buy with $450 PT (from $240), AI/data center thesis is the lead catalyst into tonight |
| NVDA | Positive read-through | Investors looking for confirmation that AI capex trend continues, NVDA tracks AMD sentiment |
| LLY | Strong momentum | Q1 revenue surged 56% on Foundayo FDA approval, pharma joins the broad-market rally |
Tonight's Catalysts 🧨
- Headline earnings: McDonald's (MCD) and Datadog (DDOG) report after-close, focus on US comps and AI workload monetization
- AI theme continues: Vistra Energy (VST) reports pre-market, watch data-center power demand commentary
- Post-Iran energy: Shell (SHEL) reports against a sharply lower oil backdrop
- Consumer staples: Celsius (CELH) reports, market wants a Pepsi distribution update
Pre-market Pulse 📊
US futures point to continued upside off yesterday's rally. Asia already responded, Nikkei 225 hitting a record while SoftBank surged 16%. Spot gold ripped to $4,703/oz (+3.2%), reinforcing dollar-weakness as the dominant theme. WTI held at $95.66 after the sharp Iran de-escalation drop.
Macro Note 📝
US 10Y Treasury stable at 4.44%, while USD/IDR is testing 17,400 with domestic fiscal pressure lingering in the background.
What stocks are you watching tonight?
