US Markets Surge, Earnings Crush, Tesla Drops

0:00US markets are in fire today, with the S&P 500 up 0.8% in eyeing its all-time high from Friday. The Dow climbed 210 points, that 0.4% while the NASDAQ jumped 1.3% toward a fresh record. Over in Australia, though, futures point to a drop of 38 points or 0.4% at open after the ASX fell 1.2% Wednesday. Earning season is crushing in, as most S&P 500 companies beat analyst expectations for early 2026, even with oil prices spiking, from the Iran conflict. GE Vernova rode the AI wave hard, landing $2.4 billion in data center orders this quarter alone, topping all of last year, and bumped up its full-year forecasts. Stockslide Boston scientific soared 8.4%, Boeing gained 5.8% and Philip Morris rose 6.8%, on blowout quarterly results. Best Buy tanked 4.7% after CEO Corey Berry stepped down for insider Jason Bonfig.

1:04Cannabis plays lit up too, till rate up 10.9%, and Cannabis growth surging 19.2% on Trump Admin moves to ease. Marijuana rules. Tensions in the Strait of Hormuz are real, with Iran firing on ships and grabbing two, while President Trump extended a ceasefire but kept the port. Block A to choke their oil sales. Tesla drops results after the bell. Europe dipped after mixed Asia, Nikkeh of 0.4%, but Hong sang down 1.2%. Treasury yields chilled out at 4.30% on the 10 year, despite higher oil, as markets shrug off Fed nominee drama. Eyes stay glued to earnings and geopolitics for the next moves. This has been Sydney News Today, powered by AI.