Equities finished an historic run in a record-setting April. Will April’s market showers bring May flowers?
Monday
S&P 500 0.12% | NASDAQ 0.20%
The S&P500 and Nasdaq climbed to new record highs on Monday on optimism in AI. Verizon (VZ) announced earnings on par with expectations and T-Mobile (TMUS) will announce tomorrow in a test of strength. Focus shifts to the Federal Reserve’s interest rate decision due on Wednesday.
Tuesday
S&P 500 0.49% | NASDAQ 0.90%
Markets fell ahead of the Federal Reserve announcement, retreating from all-time highs. Brent Crude rose above $111 a barrel after news the United Arab Emirates (UAE) decided to leave OPEC. More supply could lower oil prices but the conflict in Iran should continue to keep prices elevated for now.
Wednesday
S&P 500 0.04% | NASDAQ 0.04%
In a flat trading day for equities, oil continued to climb as tensions ratcheted up again in energy markets. Google (GOOG, GOOGL), Microsoft (MSFT), Amazon (AMZN) and Meta (META) all reported strong earnings staving off any major market declines. Housing Starts climbed almost 11% in March, which was positive given elevated rates YTD.
Thursday
S&P 500 1.02% | NASDAQ 0.89%
The Federal Reserve kept interest rates steady yesterday, as was expected. There will be a new Chairman at the Federal Reserve, marking a change in leadership going into the summer. Markets surged to record-setting levels through the close as earnings continued to remain strong.
Friday
S&P 500 0.29% | NASDAQ 0.89%
More good news for equities to finish off the week as core prices data remained stable in March. Energy stocks fell lower on news of continued peace talks in the Middle East. Q2 GDP is projected to remain healthy at 3.5%.
Conclusion
S&P 500 0.91% | NASDAQ 1.12%
More fuel was thrown on the fire this week as earnings from big tech pushed markets into record territory. For perspective, the S&P500 and Nasdaq had their 2nd best performing month on record, climbing over 10% and 15%, respectively. A resurgence in AI enthusiasm has sent tech heavy indexes sky-high. The Federal Reserve announcement of no immediate rate cuts on Wednesday will be important in the 2nd half of 2026. Kevin Warsh made it through the Senate Banking committee as part of His confirmation process ahead of the Senate vote. April certainly proved to bring the showers as fund managers and investors deployed cash into risk-on assets. Energy market volatility will remain until a resolution is struck with Iran. To the contrary, U.S. Markets are trading on strong growth in the near-term.
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