π Economic Releases
| Time (ET) | Event | Impact |
|---|---|---|
| 10:00 AM | ISM Manufacturing PMI | Medium |
| 10:00 AM | ISM Manufacturing Prices | Medium |
π Earnings Today
π Premarket Gainers & Losers
π― Gamma Flip Point β $SPX (S&P 500 Index)
$SPX gamma flip point is 7186.97 |
π₯ Hot Market News
| Trump bets on quick Iran oil crunch; experts see prolonged pain and rising costs Donald Trump is anticipating a rapid resolution to the oil supply issues caused by Iran, while experts predict that the situation will lead to extended difficulties and increased prices.
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| Pentagon calls timeout on War Powers Senate Republicans are calling on the Trump administration to clarify how it is interpreting the 60-day clock under the War Powers Act in its military campaign against Iran.
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| Fitch warns US debt burden is βfar aboveβ other AA rated nations FITCH Ratings is warning the USβs credit grade faces the challenges of a widening deficit that leaves its debt burden βfar aboveβ other nations that share its AA score.
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| Apple Forecasts Strong Sales Despite Chip Supply Constraints, Plans Leadership Change Apple projects 14% to 17% sales growth in the third quarter, exceeding Wall Street estimates, and announces that John Ternus will succeed Tim Cook as CEO in September. Despite supply chain issues impacting iPhone sales, Apple reported better-than-expected second-quarter results, with total sales and profits surpassing analyst predictions, driven by strong performance for MacBooks and services.
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| Huaweiβs AI Chip Sales Surge as Nvidia Stalls in China Huawei has reported a sharp increase in AI chip sales as Chinese tech companies place large orders for its new processors, amid Nvidia's supply challenges in China. This trend reflects a shift toward domestic technology solutions driven by geopolitical tensions and China's push for technological self-sufficiency.
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| SanDisk Joins Western Digital, Seagate in Signaling Strong AI Storage Demand SanDisk has aligned with Western Digital and Seagate in highlighting a significant increase in demand for storage solutions driven by advancements in artificial intelligence technology.
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| Reddit Reports Better-than-Expected Q1 Earnings, Stock Jumps 9% Reddit's first-quarter earnings surpassed expectations with earnings per share of $1.01 and revenue of $663 million, marking a 69% revenue increase from the previous year. The company issued an optimistic forecast for the next quarter, and its stock rose over 9% in extended trading.
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π± Forex & Commodities
| Japan yen surges 2% as officials issue strongest intervention warning yet The Japanese yen surged by 2% following the strongest warning yet from officials about potential intervention in the currency market to stabilize the yen's value.
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| Gold Prices Set for Weekly Decline Amid Inflation Concerns and Higher Oil Prices Gold prices were stable on Friday but are on track for a 2% weekly loss due to higher oil prices and inflation concerns, which support expectations for prolonged high interest rates. Meanwhile, geopolitical tensions persist as Iran threatens retaliation if the U.S. renews attacks, and major central banks maintain their interest rates amid ongoing inflation worries.
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| The UAE dumping OPEC may not affect crude as anticipated The United Arab Emirates' withdrawal from OPEC is widely seen as lessening the clout of the producer group and initiating a race to boost output, ultimately resulting in sharply lower crude oil prices. However, the U.S. and Israeli war against Iran has upended global crude markets to such an extent that expecting what might otherwise seem the most obvious outcome is likely flawed thinking.
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πͺ Crypto News
| Strategy Raises Dividend on STRC Preferred Stock to 11.50% for March 2026 Strategy has increased the dividend on its STRC preferred stock to 11.50% for March 2026, from the previous 11.25%, as part of a shift towards issuing more preferred shares instead of common stock to fund Bitcoin purchases. The company reported a $12.4 billion net loss for Q4 2025, with its stock price dropping significantly since its peak in November 2024.
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| North Korea Accounts for 76% of 2026's Crypto Hacks with Two Major Heists North Korean hackers conducted two major cryptocurrency heists totaling $577 million in April 2026, accounting for 76% of crypto hack losses this year, targeting decentralized finance platforms Drift Protocol and Kelp DAO. Since 2017, they have stolen over $6 billion from crypto protocols, reflecting an increasing trend of crypto thefts by North Korean state-linked actors.
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π οΈ Free Market Tools
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