US Stocks Surge Towards Record Highs

0:00U.S. stocks are pushing toward record highs after a solid rally these past two weeks. All thanks to hopes that the U.S. Iran conflict won't tank the global economy. The S&P 500 claims 0.4% today and looks ready to top his January peak, having bounced back about 10% from. That late March correction, when it dipped nearly 10% below the record. Meanwhile, optimism stems from reports of a possible ceasefire extension between the U.S. and Iran, paving the way for more talks and smoother oil flows. Through the strait of Hormuz, investors are breathing easier with strong bank earnings stealing the show. Bank of America posted $8.6 billion in first quarter, profit of 17% year over year, while Morgan Stanley beat expectations too, highlighting a resilient U.S. economy and steady consumer. Spending. Tech names like service now in Oracle jumped 4% to 7% amid AI buzz, though chip gear maker ASML drops 6.4% on soft.

1:03Revenue guidance abroad, markets were mixed, but if these de-escalation talks pan out, I shift back to corporate profits driving stocks higher. Long term, that's your Sydney news today update. AI powered and always on.