Microsoft leads gains as markets push higher.
U.S. stocks extended their record run on Thursday as investors remained optimistic about a potential resolution to tensions in the Middle East. The S&P 500 rose 0.26% to close at a new all-time high, while the Nasdaq Composite gained 0.36%, marking its twelfth consecutive session of gains.
The rally comes as markets continue to price in progress toward a broader de-escalation, following signals of a potential ceasefire between Israel and Lebanon and renewed expectations for U.S.–Iran negotiations. Stocks have now sustained momentum after fully recovering earlier losses tied to the conflict.
Comments from President Donald Trump supported sentiment, highlighting that discussions toward peace are advancing and that a deal with Iran could be close. While details remain uncertain, the direction of negotiations has been enough to keep risk appetite elevated.
Oil prices moved higher but remained below the $100 mark, with WTI crude near $93 and Brent crude around $99. The relatively contained move suggests markets expect supply disruptions to remain manageable despite ongoing geopolitical developments.
Large-cap tech remained the key driver of the rally. Microsoft (MSFT) led gains, Netflix (NFLX) edged higher ahead of earnings, while Tesla (TSLA) saw mild profit-taking after its sharp run.
📊 Market Wrap
🧠 Analyst Notes
💬 Market Highlights
PepsiCo Sees Food Segment Rebound After Price Cuts
PepsiCo (PEP) reported stronger food segment performance after price reductions helped drive a 4% increase in volumes, supported by product innovation and brand initiatives. The results highlight improving consumer demand dynamics, with the company maintaining steady growth expectations despite a more competitive environment.
Snap Leans on AI and Cost Cuts to Improve Margins
Snap (SNAP) is accelerating its path to profitability through cost reductions and increased AI adoption, including workforce cuts and automation across operations. The strategy is expected to improve margins significantly, though visibility on revenue growth remains a key concern for investors.
TSMC Raises Outlook on Strong AI Demand
Taiwan Semiconductor (TSM) lifted its 2026 outlook after strong Q1 results driven by demand for AI chips and advanced technologies. The company expects continued growth supported by heavy capital investment, reinforcing its leadership in the semiconductor supply chain.
📅 Earnings Watch
Markets continue to be driven by easing geopolitical concerns and steady earnings momentum, with investors watching whether the current rally can sustain at record levels.
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