📅 Economic Releases
| Time (ET) | Event | Impact |
|---|---|---|
| 8:30 AM | Advance GDP q/q | High |
| 8:30 AM | Core PCE Price Index m/m | High |
| 8:30 AM | Employment Cost Index q/q | High |
📊 Earnings Today
📈 Premarket Gainers & Losers
🎯 Gamma Flip Point — $SPX (S&P 500 Index)
$SPX gamma flip point is 7135.8 |
🔥 Hot Market News
| Fed Closes Powell Era With Rates on Hold and Divide Over What Comes Next The Federal Reserve has decided to keep interest rates on hold as debate continues among policymakers about future rate adjustments, marking a key point in the tenure of Chairman Jerome Powell.
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| Trump Says He Rejects Iran's Hormuz Offer, Sustains Blockade Former President Trump announced his decision to reject Iran's proposal regarding the Strait of Hormuz, opting to maintain the existing blockade in the region.
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| US military commanders brief Trump on new options against Iran, Axios reports U.S. military commanders have presented new strategies to President Trump for potential actions against Iran, highlighting escalating tensions and possible military responses in the region.
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| Meta's Stock Dips as AI Infrastructure Spending Soars Amid Strong Financial Performance Meta Platforms raised its 2026 capital expenditure guidance to $125 billion-$145 billion, citing increased AI infrastructure costs, causing its stock to plunge by over 6% after-hours. Despite this, Meta reported a 33% increase in Q1 revenue to $56.3 billion and a 61% rise in profits to $26.8 billion, largely aided by an $8 billion tax benefit.
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| AWS growth climbs to 28% as Amazon’s big AI bets start to pay off Amazon's web services division, AWS, reported a 28% growth as the company's investments in artificial intelligence technologies begin to show positive results.
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| Microsoft forecasts strong Azure sales, plans $190 billion capital spending by 2026 Microsoft predicted its Azure cloud business sales would exceed Wall Street estimates and announced a $190 billion capital spending plan for 2026. The forecast initially led to a drop in Microsoft shares, which later stabilized, while rival Google's cloud growth outpaced expectations, boosting Alphabet shares by over 4%.
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| Alphabet tops quarterly revenue and profit estimates on Google Cloud surge Alphabet Inc reported first-quarter revenue of $109.9 billion, surpassing Wall Street expectations due to a 63% surge in Google Cloud revenue driven by demand for enterprise AI solutions. Earnings per share were $2.81, and net income increased 81% year over year, with Google Services generating $89.6 billion in revenue.
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| Samsung Electronics Posts Nearly Sixfold Surge in First-Quarter Net Profit Samsung Electronics reported a record first-quarter net profit of 47.225 trillion won, driven by its semiconductor business's record earnings amid strong demand for AI chips, while facing a labor dispute as unionized workers demand higher bonuses.
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| China's Factory Activity Surpasses Expectations in April Despite Slower Growth China's official manufacturing PMI in April was 50.3, surpassing the 50.1 expected, although growth slowed from March. Non-manufacturing PMI dropped to 49.4, indicating contraction in services and construction, while new export orders hit a new high at 50.3 for the first time in two years.
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| UK firms' worries about economy rise by most since 2020, Lloyds survey shows British businesses' confidence about the economic outlook fell this month by the most since April 2020 although their assessment of their own prospects was less downbeat, a survey by Lloyds showed on Thursday.
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| US Military Considering Deployment of Hypersonic Missile to Middle East The US military is contemplating deploying its long-range hypersonic missile, Dark Eagle, to the Middle East to target Iranian ballistic-missile launchers, as requested by US Central Command. If approved, it would be the first operational use of such a missile by the US, while the US and Iran remain in a tenuous cease-fire.
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| Canadian Bonds Hit After Bank of Canada Raises Rate Hike Prospects Canadian government bonds fell as Bank of Canada Governor Tiff Macklem suggested the possibility of consecutive rate hikes if rising energy prices lead to broader inflation, coinciding with a spike in oil prices.
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| Citi Research Report Highlights Middle East Conflict's Impact on Global Growth and Economic Resilience A Citi Research report led by Global Chief Economist Nathan Sheets discusses the impact of the Middle East conflict on the global economy, lowering 2026 growth expectations and anticipating heightened uncertainties, particularly due to the closure of the Strait of Hormuz. Despite these challenges, the report notes the global economy's increased resilience and adaptability, with optimistic forecasts for productivity growth driven by technological advancements like AI, and rising energy and geopolitical influences on economic policies and markets.
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| China Auto Exports Robust, NEV Demand to Rebound on High Oil Prices China is experiencing strong auto export growth, while demand for new energy vehicles (NEVs) is expected to recover due to rising oil prices.
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| House Committees Probe Airbnb and Anysphere Over Use of Chinese AI Models Two Republican-led House committees are investigating Airbnb and AI coding platform maker Anysphere for their utilization of AI models from Chinese companies, amid concerns over national security risks. The committees have requested information regarding their choices and communications with Chinese model providers and asked relevant employees to attend an in-person briefing.
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| Qualcomm Revenue Rises in Latest Quarter Amid Memory Supply Shortage Qualcomm reported a fiscal second-quarter profit of $7.37 billion and revenue increased 3% to $10.6 billion, driven by growth in automotive and Internet of Things segments despite handset sales dropping 13%. The company's forecast for the current quarter fell below Wall Street expectations, and its stock dropped 2.7% in after-hours trading.
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💱 Forex & Commodities
| EUR/USD, GBP/USD, Crude Calling The Shots Into ECB and BoE The movements in EUR/USD and GBP/USD currency pairs are being influenced by upcoming decisions from the European Central Bank (ECB) and the Bank of England (BoE), as well as fluctuations in crude oil prices.
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| US Seeks Forfeiture of Seized Oil Tankers Linked to Iran The United States is pursuing the forfeiture of oil tankers that have been seized and are believed to be connected to Iran, amid ongoing tensions over Iran's oil trade.
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| Oil Prices Surge Amid U.S. Consideration of Military Action Against Iran Oil prices increased on Thursday as the U.S. considered military options against Iran, raising fears of further supply disruptions in the Middle East. As a result, Brent crude futures for June rose to $123.30 a barrel, while U.S. West Texas Intermediate futures reached $109.30 a barrel.
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🪙 Crypto News
| Crypto Rushes to Bail Out Decentralized Lender Targeted by Hackers A decentralized lending platform faced a security breach, prompting the cryptocurrency community to mobilize financial support to mitigate the impact of the attack.
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| JPMorgan Hires Goldman Sachs Executive Oliver Harris to Lead Kinexys Tokenization Platform Oliver Harris, formerly of Goldman Sachs, has been appointed to lead JPMorgan's Kinexys platform, marking a strategic push to expand its digital asset and tokenization offerings. Kinexys has processed over $1.5 trillion in transactions since 2023 and aims to increase institutional adoption while navigating complex regulations.
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🛠️ Free Market Tools
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