Stocks Surge, Earnings Drive Record Highs

U.S. stocks soared to new heights on Thursday, with the S&P 500 and Nasdaq notching their best month since 2020. Robust corporate earnings outshone concerns over the war-induced oil surge, as crude prices eased and the market surged throughout the day. The Dow climbed 1.63% to 49,658, the S&P 500 rose 1.04% to 7,210, and the Nasdaq gained 0.90% to 24,890. Tech titans like Alphabet shone with robust cloud growth, while Meta and Microsoft slipped on heavy AI spending. Investors were reassured by solid economic data, including 2% GDP growth in Q1 2026 and low jobless claims not seen since 1969. Despite inflation remaining above 3% with energy prices high, the Fed kept rates unchanged in a split vote, citing Middle East tensions. No rate cuts are expected if the conflict persists and disrupts oil supplies. Strong performers like Caterpillar and Eli Lilly kept the bullish momentum going, even as war risks persist. Markets remain vigilant.

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