After posting its best month since November 2020, the S&P 500 (SPX) continues to power higher alongside the Nasdaq 100 (NDX).
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Forget margin or options. Here's how the pros trade QQQU.S. equities are reacting favorably to a new Iranian proposal to begin peace talks. While details of the terms remain unclear, President Trump rejected Tehran’s initial offer, which called for an end to the war and a reopening of the Strait of Hormuz in exchange for lifting the U.S. blockade on Iranian ports. The initial framework also excluded any provisions on Iran’s nuclear program, which remains the primary sticking point between the two sides.
Tech Rally Continues as Earnings Roll On
Elsewhere, tech stocks continue to drive the rally, with Apple (AAPL), Oracle (ORCL), and Intel (INTC) all up by at least 4%. Apple reported its earnings on Thursday evening, posting a beat on its revenue and adjusted EPS and touting strong demand for its MacBook Neo. Other Magnificent 7 members, including Amazon (AMZN), Microsoft (MSFT), Meta Platforms (META), and Alphabet (GOOGL), reported earlier this week.
Next week will be another busy period for earnings. Palantir (PLTR) will kick off the show on Monday, followed by AMD (AMD) and Occidental Petroleum (OXY) on Tuesday.