01 Stock Market
U.S. stocks advanced on Thursday and the S&P 500 and the Nasdaq logged their biggest monthly gains in years as solid corporate earnings offset the war-related oil supply shock that has rattled markets and sent crude prices to four-year highs.
Dow Jones up 1.62% at 49,652.14; S&P 500 up 1.02% at 7,209.01; NASDAQ up 0.89% at 24,892.31.
Semiconductors and mega-caps delivered some of the day’s sharpest individual moves. Alphabet’s GOOG jumped 9.97% to $381.94 and its Class A peer GOOGL climbed 9.96% to $384.80 after upbeat AI-driven cloud momentum. Wireless chipmaker Qualcomm (QCOM) surged 15.12% to $179.58 following a better-than-expected profit outlook. Memory specialist Western Digital (WDC) gained 5.27% to $434.52, while Advanced Micro Devices (AMD) added 5.16% to $354.49. In contrast, several high-profile names retreated: Meta Platforms (META) fell 8.55% to $611.91 and NVIDIA (NVDA) declined 4.63% to $199.57, giving back part of April’s strong gains. Automaker Tesla (TSLA) rose 2.37% to $381.63, and Apple (AAPL) edged up 0.44% to $271.35 amid fresh guidance and buyback news.
Broader momentum remained firmly technology-centric, but leveraged instruments amplified both directions. The bullish Direxion Daily Semiconductors Bull 3× ETF (SOXL) rallied 7.64% to $126.98, whereas its bearish counterpart SOXS slid 7.64% to $13.30, highlighting the day’s bifurcated chip sentiment. Meanwhile, the high-beta ProShares UltraPro QQQ (TQQQ) advanced 2.72% to $63.54, reflecting solid interest in growth assets despite lingering rate and supply-chain uncertainties.
02 Other Markets
U.S. 10-year Treasury yield fell by 0.19%, latest at 4.38%.USD/CNH rose 0.08%, at 6.86; USD/HKD rose 0.01%, at 7.83. U.S. Dollar Index rose 0.02%, at 98.11. WTI crude futures rose 0.62%, at 105.72 USD/bbl; COMEX gold futures rose 0.35%, at 4,646.00 USD/oz.
03 Top News
Apple Shares Rise as iPhone 17 and MacBook Neo Drive Forecast
Apple on Thursday touted blowout demand for its flagship iPhone 17 and the MacBook Neo that helped power a solid sales forecast and sent its shares up nearly 4% after hours.
Apple, though, warned of continuing chip supply constraints, and the forecast underscored how it was fending off supply-chain pressures and rising memory chip costs with strong demand for its new Mac Neo, resilient services growth and robust sales in China.
SanDisk Q3 Revenue Shatters Estimates as It Surges 252%
Sandisk (SNDK) released its third quarter fiscal 2026 financial results post-market on Thursday, which shattered estimates as its revenue surged more than 250% year over year.
For the quarter ended March 31, the storage device manufacturer reported adjusted earnings per share of $23.41 versus the consensus estimate of $14.66.
Revenue for the third quarter increased 252% year over year to $5.95B, which was much more than the $4.73B estimate. Sandisk's adjusted gross margin of 78.4% also topped the 67.3% estimate.
Twilio Raises Annual Revenue Growth Forecast on AI-Driven Demand, Shares Jump
Twilio raised its full-year forecast on Thursday and posted stronger-than-expected first-quarter results, signaling sustained demand for its cloud communications tools as companies invest in customer engagement and AI-driven services.
The company's shares surged 18% in extended trading.
Sources: Reuters, Dow Jones, Tiger Newspress, Benzinga, public market data
Disclaimer: This content is for reference only and does not constitute investment advice.
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