S&P 500 and Nasdaq Smash Records as Oil Drops 4% and Intel Jumps 12%

On today's episode of Market Brief – After Hours, the S&P 500 and Nasdaq both smashed to fresh all-time highs as Brent crude fell 3.99% to $109.87 on growing confidence the Iran ceasefire will hold, easing inflation fears and expanding equity valuations across the board. Intel surged over 12% after reports Apple is exploring US-based chip production using Intel and Samsung, pulling Micron, SanDisk, and Qualcomm all up more than 10%, while roughly 85% of reporting companies continue to beat earnings expectations. The macro backdrop remains mixed, with ISM services missing forecasts, job openings declining to 6.87 million, and the Reserve Bank of Australia hiking rates 25 basis points to 4.35%. We break down the full picture across global equities, EUR/USD, GBP/USD, USD/JPY, and AUD/USD, plus gold, Bitcoin, and today's biggest individual movers including Intel, Pinterest, PayPal, and Aptiv. Hosted on Acast. See acast.com/privacy for more information.