US Stocks Surge, Fueled by Corporate Profits

0:00On April 16th, US stocks keep climbing, with the S&P 500 up 0.3% yesterday marking its 11th win in 12 days. After topping that January peak, the Dow added 115 points or 0.2%, while the NASDAQ jumped 0.4% to 24,001, 102.70, first time breaking 24,000. Markets have surged over 10% since late March lows, fueled by optimism around a ceasefire halting nearly 7 weeks of conflict involving. Israel, the US, and Iran, Pakistan's army chief met Iran's parliament speaker to push for an extension, but strategist Warren Talks could still collapse if demand stay miles. Apart, corporate profits are the real engine here, beating expectations and propping up the rally. Pepsi co-climb 2.3% on stronger snack sales after price cuts on chips, like Lays and Doritos. JB Hunt sped up 6.3%, Marcia McClendon gained 4.4%, and Taiwan's semiconductor posted solid revenue, eyeing, more demand ahead.

1:08Not every stock party though, Abbott dropped 6% after trimming its full year outlook post a big acquisition, and Allbird shed 35. 0.8% but still wrote high from yesterday's massive surge into AI chip rentals. Overseas, Europe's indexes rose alongside Asia's heavy hitters, to Pan's Nikkei, up 2.4%, South Korea's Cosby, 2.2%, Hong Kong, 1.7%. China clouded 5% growth in the first quarter. Treasury yields ticked higher to 4.31% on fewer jobless claims, as traders bet on whether peace holds or earnings keep the bull. Running strong. That's your update from US News Today, powered by AI.