Market Speeds Up, Earnings Test Looms

Global stocks surged, with the S&P 500 up nearly 10% since late March, on track for the best monthly gain since late 2020. Treasury yields dropped after a Justice Department probe into Fed Chair Jerome Powell ended, boosting bets on interest rate cuts before years end. However, the Iran conflicts dangers persist, with peace talks scrapped and both sides maintaining blockades on the Strait of Hormuz. Traders and strategists warn of a market speeding at 120 km/h with no room to swerve, as big outflows from hot trades like crude oil and semiconductor funds are seen. This week brings a big test with mega tech earnings, as Alphabet, Microsoft, Amazon, Meta, and Apple report. Oil dipped 1.5% Friday, trimming a 13% weekly surge. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/081f061990af02a4