US Stocks Surge, Earnings Beat Expectations

0:00U.S. stocks are charging ahead today, with the S&P 500 up 0.9% and eyeing a new all-time high from last Friday. The Dow jumped 423 points, also 0.9% by 1030 AM Eastern, while the NASDAQ climbed 1.2%. Most S&P companies crushed first quarter 2026 earnings expectations, shrugging off higher oil from the Iran War. With GE Vernova, riding the AI wave with $2.4 billion in data center orders this quarter alone, topping all of last year, they bumped up full-year revenue forecast too. Boston's scientific soared 8.8%, Boeing 6.5% and Philip Morris 3.5%, all-beating analyst. Bets. Geopolitics is heating up though. Iran's war has choked the Strait of Hormuz, where they fired on three ships and grabbed two on Wednesday. President Trump extended a ceasefire yesterday, but kept the U.S. blockade on Iranian ports, starving their oil sales and global trade.

1:01Best Buy. Tanks 4.5% after CEO Corey Barry stepped down, handing rains to insider Jason Bonfig. Overseas, Europe slipped after Asia's mixed day, Japan's Nikkei of 0.4% on 11.7% export growth in March. But Hong Kong's hankseng dropped 1.2%. Three yields dipped anyway, with a 10-year at 4.28% versus 4.32's day. Trump's Fed-Pickeven-Warsh clarified no promises on rate cuts despite the pressure. Market-stay resilient, betting on earnings over the chaos. That's the story for today, Canada News Today, Driven by AI.