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Climbed to a record close, settling near 51,670, after a US-Iran framework to reopen the Strait of Hormuz sent oil prices tumbling.

Nasdaq, S&P 500 Hit New Highs, Log Sixth Consecutive Weekly Gains
US Markets

Nasdaq, S&P 500 Hit New Highs, Log Sixth Consecutive Weekly Gains

The Nasdaq Composite and the S&P 500 reached new peaks on Friday, boosting their weekly gains, following a stronger-than-expected jobs report.The Nasdaq climbed 1.7% to 26,247.1, while the S&P 500 added 0.8% to 7,398.9. The Dow Jones Industrial Average ended just above the flatline at 49,606.5.Among sectors, technology paced the gainers with a 2.7% jump, while utilities and healthcare saw the steepest drop.Micron Technology (MU) jumped 15% and Intel (INTC) soared nearly 14%, among the top gainers on the S&P 500. Apple (AAPL) gained 2.1% and Nvidia (NVDA) rose 1.8%, two of the five best performers on the Dow.This week, the Nasdaq logged a weekly gain of 4.5%, while the S&P 500 rose 2.3%. Both indexes marked their sixth consecutive weekly advance, which CNBC said is the longest win streak since 2024. The Dow posted a weekly gain of 0.2%.Total nonfarm payrolls rose by 115,000 last month, the Bureau of Labor Statistics said Friday, well above the 65,000 increase expected in a Bloomberg-compiled survey."Earlier signs hinted that the job market had actually been gathering strength in recent weeks, and the April nonfarm payroll report pounded home that reality with full force," Douglas Porter, chief economist at BMO Financial Group, said in a report.The unemployment rate was unchanged at 4.3% in April, in line with Wall Street's estimates.For the Federal Reserve, the hiring momentum further shifts the focus to inflation, keeping it on the sidelines for now, "and raising the possibility of future rate hikes," Stifel Chief Economist Lindsey Piegza said in a report e-mailed to.Brent advanced 0.6% to $100.68 per barrel in Friday late-afternoon trade, while West Texas Intermediate crude was little changed at $94.84. Both benchmarks were on track for weekly declines following two consecutive weekly advances.The US Central Command said Friday it fired on two Iranian-flagged empty oil tankers trying to bypass an ongoing blockade in the Strait of Hormuz. Washington expects Iran to respond to its peace proposal Friday, CNN reported, citing US Secretary of State Marco Rubio.The US and Iran traded fire Thursday in the narrow waterway, though a fragile ceasefire between the two appeared to still be holding.The United Arab Emirates intercepted two ballistic missiles and engaged three drones fires by Iran, the UAE's Ministry of Defense said on Friday.The oil market was "relatively calm" despite the flare-up of tensions between the US and Iran, Macquarie said in a report."We suspect that the market's calm reflects the unwillingness of the US to broaden the conflict beyond what's needed to protect US navy ships that are trying to secure safe passage through the strait for third-party commercial vessels," Macquarie said.US Treasury yields were lower, with the 10-year rate down 2.6 basis points at 4.37% and the two-year rate easing 1.2 basis points to 3.90%.US consumer sentiment continued to fall in May as cost pressures tied to the Middle East conflict sent the measure tumbling to fresh lows, a survey by the University of Michigan showed.In company news, Akamai Technologies (AKAM) shares surged nearly 27%, the best performer on the S&P 500. The company late Thursday disclosed a new $1.8 billion cloud infrastructure services contract with an unnamed company. The seven-year contract should help accelerate revenue growth, UBS Securities said, even though the brokerage is skeptical about the deal's impact on margins and profitability.Fluor (FLR) reported weaker-than-expected first-quarter results, while the engineering and construction company lowered the top end of its full-year earnings outlook. The company's shares tumbled 15%.Gold was up 0.5% at $4,732.90 per troy ounce, while silver gained 1.2% to $81.15 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$AKAM$FLR$INTC$MU$NVDA
Asia Markets

US Equity Indexes Rise as Trump Awaits Iran's Response to Peace Proposal After Striking Iranian Tankers

US equity indexes rose on Friday as tech topped sectors, nonfarm payrolls handily beat consensus, and Washington hit Iranian tankers while awaiting a response to its peace proposal.The Nasdaq jumped 1.7% to 26,247.08, and the S&P 500 climbed 0.8% to 7,398.93. The Dow Jones Industrial Average was little changed, but leaned higher at 49,609.16.Technology was up 2.7%, leading gainers. Healthcare and utilities were among the steepest decliners.In company news, Akamai Technologies (AKAM) reported Q1 non-GAAP net income above market expectations while sales rose. Chief Executive Tom Leighton said a US-based entity committed $1.8 billion over seven years for the company's cloud infrastructure services. Shares of Akamai soared 27%, the top gainer on the S&P 500.Monster Beverage (MNST) offers "outsized" long-term growth potential after reporting "very strong" Q1 and April performance, Morgan Stanley said in a Friday note. Shares of Monster Beverage surged 14%, among the biggest outperformers on the S&P 500 and the Nasdaq.Nonfarm payrolls rose by 115,000 last month, the Bureau of Labor Statistics said Friday, beating the 65,000 gain expected in a Bloomberg-compiled survey. The increase in March was revised up by 7,000 to 185,000, while the fall in February was adjusted to 156,000 from 133,000, the BLS said.Most US Treasury yields fell, with the 10-year down 3.4 basis points to 4.36% and the two-year rate lower by three basis points to 3.89%.The US expects a response from Iran on a proposal to end the war on Friday, Secretary of State Marco Rubio said, adding he hopes "it's a serious offer," CNN reported.Meanwhile, US forces disabled two Iranian-flagged unladen oil tankers on Friday that were attempting to dock at an Iranian port on the Gulf of Oman in violation of the US blockade, US Central Command said in a social media post on X, formerly Twitter. According to President Donald Trump, a ceasefire is still in effect, CNN reported.Foreign Minister Abbas Araghchi said "Iranians never bow to pressure" and "every time a diplomatic solution is on the table the US opts for a reckless military adventure," according to a report from the Associated Press.West Texas Intermediate crude oil futures fell 0.1% to $94.74, giving up intraday gains. Brent crude futures increased by 0.5% to $100.57, also off session highs of more than 1%.Further in economic news, US consumer sentiment continued to fall in May, with the main sentiment index dropping to an all-time low of 48.2 from April's 49.8, according to the University of Michigan's preliminary survey on Friday. The print marked the third consecutive monthly retreat. Wall Street expected a 49.5 print, according to a Bloomberg-compiled poll.The year-ahead inflation outlook dropped to 4.5% this month from 4.7% in April, according to the Michigan survey. The current outlook is still above the 3.4% reading reported in February, before the start of the Iran war. The five-year inflation forecast fell to 3.4% from 3.5%.In precious metals, gold futures advanced 0.4% to $4,730.1, and silver futures climbed 1% to $80.96.

Dow JonesNasdaq CompositeS&P 500$AKAM$MNST
Equities

S&P 500 Posts Sixth Consecutive Weekly Gain, Hits Highs in Tech-Led Rise

The Standard & Poor's 500 index rose 2.3% this week to another round of new highs as the technology sector climbed on deals and earnings.The S&P 500 ended Friday's session at 7,398.93, marking its latest all-time closing high. The market benchmark also set a fresh intraday high on Friday at 7,401.50, its sixth consecutive week of gains. The index is up 8.1% for the year.This week's advance came as deal chatter and better-than-expected earnings drove strong gains in the technology sector. The deals included a preliminary agreement under which Intel (INTC) will make some of the chips powering Apple (AAPL) devices, according to a Wall Street Journal report citing people familiar with the matter.Also, payroll data from the Bureau of Labor Statistics showed the US economy added more jobs than projected in April. This helped allay concerns about a slowdown in the labor market. Investors also saw the data as likely allowing the Federal Reserve to stick to its current policy stance.Nonfarm payrolls for April rose by 115,000, well above the 65,000 increase expected in a Bloomberg-compiled survey. Private payrolls growth slowed to 123,000 in April from 190,000 the month prior, the BLS reported, surpassing the consensus estimate for a 75,000 gain. The unemployment rate was unchanged at 4.3% in April, in line with Wall Street's estimates.The technology sector jumped 7% on the week, followed by a 1.9% increase in communication services and a 1.8% increase in consumer discretionary. Materials, industrials and real estate also edged higher.Akamai Technologies (AKAM) and Datadog (DDOG) topped the technology sector as shares soared 42% each. Akamai's Q1 results included a slight earnings beat and Chief Executive Tom Leighton said a US-based frontier model provider has committed $1.8 billion over seven years for the company's cloud infrastructure services. A Bloomberg report citing people familiar with the matter said the partner is Amazon.com-backed (AMZN) artificial intelligence startup Anthropic.Datadog's surge came as the software maker posted higher-than-expected Q1 results and raised its full-year outlook.Walt Disney's (DIS) stock was the best performer in communication services, climbing 4.8% on the week as the media and entertainment company's fiscal second-quarter results came in ahead of market estimates amid revenue gains across all business operations. Disney also reiterated expectations for growth to accelerate in the second half.Tesla (TSLA) led the gainers in consumer discretionary. The electric vehicle maker's shares rose 9.6% amid a report that the company's China-made electric vehicle sales rose for a sixth consecutive month on a year-over-year basis.On the downside, the energy sector fell 5.4%, followed by a 4% loss in utilities, a 1.4% slip in financials and a 1.2% decline in health care. Consumer staples were also lower.The drop in the energy sector came as crude oil futures also fell on the week. APA (APA) was hit the hardest in the sector, losing 11% despite the company's Q1 earnings coming in above analysts' mean estimate.In utilities, NRG Energy (NRG) shares had the largest percentage drop for the week, falling 10%. The company reported Q1 adjusted earnings per share below analysts' mean estimate even as revenue topped the Street view.Next week's earnings calendar features Cisco Systems (CSCO), Applied Materials (AMAT) and Constellation Energy (CEG).Economic data will include the April consumer and producer price indexes. Retail sales, existing home sales, import prices and industrial production for April will also be among the reports.

Dow JonesNasdaq CompositeS&P 500$AKAM$APA$DDOG$DIS$NRG$TSLA
Asia Markets

US Equity Indexes Advance This Week as AI-Trade Boosts Technology While Iran Ceasefire Continues

US equity indexes rose this week as quarterly earnings showed the benign effect of artificial intelligence on corporate results, sending the S&P 500 and the Nasdaq Composite to new highs amid a fragile ceasefire.* The S&P 500 closed at 7,398.93 on Friday versus 7,230.12 a week ago. The Nasdaq Composite stood at about 26,247.07, compared with 25,114.44 a week earlier. The Dow Jones Industrial Average ended at 49,609.16, versus 49,499.27 at the end of last week.* Technology, consumer cyclicals, and communication services were among the top five sectors. Energy led the decliners.* In a category of stocks with a market capitalization of more than $200 billion, firms with the heaviest of weights and sway in indexes, all but one were semiconductor companies with a weekly gain of at least 11%, according to data compiled by Finviz. The lone exception was Oracle (ORCL), up 14%.* "It's crystal clear to us that the AI Revolution is accelerating at a warp speed pace with 2026 being an inflection point year for AI with hyperscalers now investing over $700 billion in capex in FY26 to capitalize on the opportunities in the space," Daniel Ives, global head of technology at Wedbush Securities, said in a note Thursday.* In the same category of mega-caps, the five worst performers included Shell (SHEL), Exxon (XOM), and Chevron (CVX), down at least 5% each.* The US expects a response on Friday from Iran on a proposal to end the war, Secretary of State Marco Rubio said, adding he hopes "it's a serious offer," CNN reported.* According to President Donald Trump, the Iran ceasefire remains in effect, after US forces disabled two Iranian-flagged unladen oil tankers on Friday that were attempting to dock at an Iranian port on the Gulf of Oman in violation of the US blockade. Iran has created a government agency to vet and tax vessels seeking passage through the Strait of Hormuz, an Associated Press report cited a shipping data company Thursday.

Dow JonesNasdaq CompositeS&P 500$CVX$ORCL$SHEL$XOM
Japan

US Equity Markets End Higher Led by Technology Sector, Nonfarm Payrolls Data

US equity indexes ended higher on Friday, with the technology sector posting big gains and positive employment data amid reports that the US struck Iranian tankers while awaiting a response to its peace proposal.* The US expects a response from Iran on a proposal to end the war on Friday, Secretary of State Marco Rubio said, adding he hopes "it's a serious offer," CNN reported.* Nonfarm payrolls rose by 115,000 last month, the Bureau of Labor Statistics said Friday, beating the 65,000 gain expected in a Bloomberg-compiled survey.* US consumer sentiment continued to fall in May, with the main sentiment index dropping to an all-time low of 48.2 from April's 49.8, according to the University of Michigan's preliminary survey on Friday.* June West Texas Intermediate crude oil rose $0.05 to settle at $94.86 per barrel, while July Brent crude, the global benchmark, was last seen up $0.48 at $100.60.* Akamai Technologies (AKAM) shares were up roughly 27%, the biggest gainer on the S&P 500, after the company reported Q1 non-GAAP net income above market expectations and higher revenue. Anthropic also signed a $1.8 billion computing deal with Akamai to help meet surging demand for its artificial intelligence systems, Bloomberg reported Friday.* Mettler-Toledo International's (MTD) shares were down nearly 15%, the steepest decline on the S&P 500, after Citigroup adjusted its price target to $1,550 from $1,700 a share, and Evercore ISI lowered its price objective for the company to $1,300 from $1,425 a share, with both cuts following Mettler-Toledo's Q1 results overnight.

Dow JonesNasdaq CompositeS&P 500$AKAM$MTD
Japan

US Equity Indexes Mixed as Trump Awaits Iran's Response to Peace Proposal After Striking Tehran Tankers

US equity indexes traded mixed ahead of Friday's close as technology topped sectors, nonfarm payrolls surged, and Washington struck Iranian tankers while awaiting a response to its peace proposal.The Nasdaq jumped 1.5% to 26,185.1, and the S&P 500 climbed 0.7% to 7,389.3. The Dow Jones Industrial Average edged 0.1% lower to 49,548.3. The tech sector was up 2.4% in the final leg of trading.Nonfarm payrolls rose by 115,000 last month, the Bureau of Labor Statistics said Friday, beating the 65,000 gain expected in a Bloomberg-compiled survey. The increase in March was revised up by 7,000 to 185,000, while the fall in February was adjusted to 156,000 from 133,000, the BLS said.The US expects a response from Iran on a proposal to end the war on Friday, Secretary of State Marco Rubio said, adding he hopes "it's a serious offer," CNN reported.Meanwhile, US forces disabled two Iranian-flagged unladen oil tankers on Friday that were attempting to dock at an Iranian port on the Gulf of Oman in violation of the US blockade, US Central Command said in a social media post on X, formerly Twitter. According to President Donald Trump, a ceasefire is still in effect, CNN reported.West Texas Intermediate crude oil futures rose 0.6% to $95.35, and Brent crude futures increased 1% to $101.05, paring this week's declines.

Dow JonesNasdaq CompositeS&P 500
Equities Rise Intraday as Markets Parse Jobs Report; Middle East Tensions Send Oil Higher
US Markets

Equities Rise Intraday as Markets Parse Jobs Report; Middle East Tensions Send Oil Higher

US benchmark equity indexes were higher intraday as traders parsed the latest jobs report, while oil prices climbed amid renewed tensions in the Strait of Hormuz.The Nasdaq Composite was up 1.6% at 26,214.4 after midday Friday, while the S&P 500 rose 0.8% to 7,399.1. The Dow Jones Industrial Average was up 0.1% at 49,621.5. Among sectors, technology paced the gainers with a 2.7% jump, while healthcare saw the steepest drop.Total nonfarm payrolls rose by 115,000 last month, the Bureau of Labor Statistics said, well above the 65,000 increase expected in a Bloomberg-compiled survey."There is nothing in this (nonfarm payrolls) report to move the Federal Reserve off the sidelines on future rate cuts," BMO said in a note. "On balance, the solid jobs report makes the case for a near-term rate cut to stabilize a deteriorating labor market a more remote possibility."Separately, TD Economics said the pace of job growth appears to have improved since the end of last year, though "it's too soon to say whether the labor market is regaining momentum."West Texas Intermediate crude was up 1.2% at $95.95 per barrel, while Brent advanced 1.3% to $101.35.The US Central Command said Friday it fired on two Iranian-flagged oil tankers trying to bypass an ongoing blockade.Washington expects Iran to respond Friday on a proposal to end the war, CNN reported, citing US Secretary of State Marco Rubio, who added that he hopes "it's a serious offer."A ceasefire is still in effect, the news outlet reported, citing US President Donald Trump. US forces earlier said they targeted military facilities in Iran responsible for attacking its warships in the strait, according to the report."Brent crude trades firmer, holding above $100 after another volatile week that saw an almost $20 trading range as Middle East headlines swung sentiment between optimism and frustration," Saxo Bank said in a report Friday. "The key point remains unchanged: the Strait of Hormuz remains effectively closed, with renewed clashes between US and Iranian forces lowering the prospect of a near-term reopening."US Treasury yields were lower intraday, with the 10-year rate down 2.8 basis points at 4.37% and the two-year rate easing 2.4 basis points to 3.90%.In other economic news, US consumer sentiment continued to fall in May as cost pressures tied to the Middle East conflict sent the measure tumbling to all-time lows, a survey by the University of Michigan showed."Consumers continue to feel buffeted by cost pressures, led by soaring prices at the pump," Surveys of Consumers Director Joanne Hsu said. "Middle East developments are unlikely to meaningfully boost sentiment until supply disruptions have been fully resolved and energy prices fall."In company news, Fluor (FLR) reported weaker-than-expected first-quarter results, while the engineering and construction company lowered the top end of its full-year earnings outlook. The company's shares were down 15% intraday.Among big tech names, Intel (INTC) was up nearly 14%, among the top gainers on the S&P 500, while Nvidia (NVDA) rose 2%, the third-best performer on the Dow. Apple (AAPL), Amazon.com (AMZN), Micron Technology (MU) and Dell Technologies (DELL) were also advancing.Gold was up 0.3% at $4,724 per troy ounce, while silver advanced 0.6% to $80.65 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$DELL$FLR$INTC$MU$NVDA
Asia Markets

Technology Leads US Equity Indexes Higher Amid Strong Payrolls Growth

US equity indexes traded mixed midday Friday as technology topped sector charts and nonfarm payrolls grew almost twice as fast as expected, and Washington struck Iran's oil tankers while awaiting its peace proposal.The Nasdaq jumped 1.5% to 26,191.5 after touching a record 26,192.09 intraday. The S&P 500 climbed 0.8% to 7,397.2 after hitting an all-time high of 7,400.09 earlier in the session. The Dow Jones Industrial Average edged up less than 0.1% to 49,638.2.After technology, which advanced 2.5%, consumer discretionary and materials were the second-biggest gainers. Healthcare led the decliners.Nonfarm payrolls rose by 115,000 last month, the Bureau of Labor Statistics said Friday, beating the 65,000 gain expected in a Bloomberg-compiled survey. The increase in March was revised up by 7,000 to 185,000, while the fall in February was adjusted to 156,000 from 133,000, the BLS said."Payrolls were volatile through (the first quarter), largely due to temporary factors like inclement weather and a healthcare strike in California," Thomas Feltmate, senior economist at TD Economics, said in a report. "With those effects now in the rearview mirror, April provided as the first 'clean' read on hiring for 2026 and the underlying details were reasonably constructive, despite the recent surge in energy prices."US consumer sentiment continued to fall in May, with the main sentiment index dropping to an all-time low of 48.2 from April's 49.8, according to the University of Michigan's preliminary survey on Friday. The print marked the third consecutive monthly retreat. Wall Street expected a 49.5 print, according to a Bloomberg-compiled poll.The year-ahead inflation outlook dropped to 4.5% this month from 4.7% in April, according to the Michigan survey. The current outlook is still above the 3.4% reading reported in February, before the start of the Iran war. The five-year inflation forecast fell to 3.4% from 3.5%.Most US Treasury yields fell, with the 10-year down three basis points to 4.36% and the two-year rate lower by 2.2 basis points to 3.90%.In Middle East news, the US expects a response from Iran on a proposal to end the war on Friday, Secretary of State Marco Rubio said, adding he hopes "it's a serious offer," CNN reported.Meanwhile, US forces disabled two Iranian-flagged unladen oil tankers on Friday that were attempting to dock at an Iranian port on the Gulf of Oman in violation of the US blockade, US Central Command said in a social media post on X, formerly Twitter. According to President Donald Trump, a ceasefire is still in effect, CNN reported.West Texas Intermediate crude oil futures rose 1.1% to $95.84, and Brent crude futures increased 1.3% to $101.32.In precious metals, gold futures advanced 0.4% to $4,730.1, and silver futures climbed 1% to $80.96.In company news, Akamai Technologies (AKAM) reported Q1 non-GAAP net income above market expectations as sales rose. Chief Executive Tom Leighton said a US-based entity committed $1.8 billion over seven years for the company's cloud infrastructure services. Shares of Akamai soared 22%, the top gainer on the S&P 500.Monster Beverage (MNST) offers "outsized" long-term growth potential after reporting "very strong" Q1 and April performance, Morgan Stanley said in a Friday note. Shares of Monster Beverage surged 15%, among the biggest outperformers on the S&P 500 and the Nasdaq.

Dow JonesNasdaq CompositeS&P 500$AKAM$MNST
Asia Markets

Exchange-Traded Funds Rise as US Equities Gain Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV rose. Actively traded Invesco QQQ Trust (QQQ) gained 2%.US equity indexes rose after midday Friday, with technology topping sector charts, as Washington expected Iran to respond to its peace proposal later in the day.EnergyIShares US Energy ETF (IYE) fell 0.1%, and the State Street Energy Select Sector SPDR (XLE) increased 0.1%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) rose 2.9%; iShares US Technology ETF (IYW) climbed up 2.2%, and iShares Expanded Tech Sector ETF (IGM) gained 2.1%.The State Street SPDR S&P Semiconductor (XSD) added 4.1%, and iShares Semiconductor (SOXX) rose 4.2%.FinancialThe State Street Financial Select Sector SPDR (XLF) fell 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) lost 1%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), gained 1.2%.CommoditiesCrude oil rose 1%, and the United States Oil Fund (USO) lost 0.2%. Natural gas was 0.9% higher, and the United States Natural Gas Fund (UNG) increased 0.3%.Gold on Comex rose 0.2%, and the State Street SPDR Gold Shares (GLD) advanced 0.3%. Silver grew 0.8%, and iShares Silver Trust (SLV) gained 1.6%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) increased 0.8%. The Vanguard Consumer Staples ETF (VDC) moved up 0.7%, and iShares Dow Jones US Consumer Goods (IYK) advanced 0.8%.The State Street Consumer Discretionary Select Sector SPDR (XLY) was up 0.6%. VanEck Retail ETF (RTH) rose 0.3%, and the State Street SPDR S&P Retail (XRT) gained 0.8%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) and iShares US Healthcare (IYH) each fell about 0.8%, while Vanguard Health Care ETF (VHT) declined 0.7%. IShares Biotechnology ETF (IBB) eased 0.1%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) was fractionally lower. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were little changed.CryptocurrencyIn midday activity, bitcoin (BTC-USD) declined 0.1%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) fell 0.5%, ProShares Ether ETF (EETH) eased 0.1%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 0.8% lower.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH
Japan

Technology Helps Push US Equity Indexes Higher in Midday Trading

US equity indexes rose in midday trading on Friday as technology topped sector charts and Washington expected Iran to respond to its peace proposal later in the day.The Nasdaq jumped 1.4% to 26,162.7 after touching a record 26,172.71 intraday. The S&P 500 climbed 0.8% to 7,397.1 after hitting an all-time high of 7,397.56 earlier in the session. The Dow Jones Industrial Average edged up less than 0.1% to 49,638.2.After technology, which advanced 2.2%, consumer discretionary was the second-biggest gainer. Healthcare led the decliners.The US expects a response from Iran on a proposal to end the war on Friday, Secretary of State Marco Rubio said, adding he hopes "it's a serious offer," CNN reported.Meanwhile, US forces disabled two Iranian-flagged unladen oil tankers on Friday that were attempting to dock at an Iranian port on the Gulf of Oman in violation of the US blockade, US Central Command said on X.West Texas Intermediate crude oil futures rose 1.1% to $95.86, and Brent crude futures increased 1.4% to $101.49.

Dow JonesNasdaq CompositeS&P 500
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Friday Amid Employment Data

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.6% and the actively traded Invesco QQQ Trust (QQQ) was 0.8% higher in Friday's premarket activity amid April's employment data release.US stock futures were also higher, with S&P 500 Index futures up 0.5%, Dow Jones Industrial Average futures advancing 0.3%, and Nasdaq futures gaining 0.7% before the start of regular trading.The April employment report showed nonfarm payrolls rose by 115,000, above the 65,000 jobs increase expected in a survey compiled by Bloomberg, while March payrolls were revised up to a 185,000 increase and February payrolls were revised down to a 156,000 decrease.The University of Michigan's preliminary consumer sentiment reading for May and the wholesale inventory data for March will be released at 10 am ET.In premarket activity, bitcoin was up by 0.1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.1% higher, Ether ETF (EETH) retreated by 0.3%, and Bitcoin & Ether Market Cap Weight ETF (BETH) fell 3%.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained 1%, and the iShares US Technology ETF (IYW) was 0.7% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 0.7%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) advanced by 2.7%, while the iShares Semiconductor ETF (SOXX) rose by 2%.United Microelectronics (UMC) shares were down more than 3% in premarket activity after the company reported April sales of 22.66 billion New Taiwan dollars ($721.8 million), up 11% from a year earlier.Winners and Losers:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.2% and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.7%. The iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.5%. The VanEck Retail ETF (RTH) and the State Street SPDR S&P Retail ETF (XRT) were inactive.Toyota Motor (TM) shares were down more than 1% pre-bell after the company reported lower fiscal 2026 earnings.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.3%, the Vanguard Health Care Index Fund (VHT) was up 0.3%, while the iShares US Healthcare ETF (IYH) rose 2%. The iShares Biotechnology ETF (IBB) gained 0.5%.Tempus AI (TEM) stock was up more than 1% premarket after the company said it priced its upsized private placement of $400 million of 0% convertible senior notes due May 15, 2032.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.8%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.7% lower.Goldman Sachs BDC (GSBD) shares were down more than 1% pre-bell after the company reported lower Q1 adjusted net investment income and total investment income.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.6%, while the Vanguard Industrials Index Fund (VIS) was flat and the iShares US Industrials ETF (IYJ) was 1.1% higher.Ferrovial (FER) stock was up more than 1% before the opening bell after the company reported higher Q1 adjusted earnings before interest, taxes, depreciation and amortization and revenue.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) retreated by 0.02%.Scorpio Tankers (STNG) stock was down more than 1% before the opening bell after the company said it plans to offer $150 million of 1.75% convertible senior notes due 2031 via a private placement.CommoditiesFront-month US West Texas Intermediate crude oil gained by 0.1% to reach $94.92 per barrel on the New York Mercantile Exchange. Natural gas was up 0.2% at $2.77 per 1 million British Thermal Units. The United States Oil Fund (USO) fell by 1.3%, while the United States Natural Gas Fund (UNG) was 0.1% lower.Gold futures for May gained by 0.4% to reach $4,728.60 an ounce on the Comex. Silver futures advanced by 1.1% to $81.09 an ounce. SPDR Gold Shares (GLD) was 0.1% higher, and the iShares Silver Trust (SLV) rose by 1.8%.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$FER$GLD$GSBD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$PMR$QQQ$RTH$SLV$SOXX$SPY$STNG$TEM$TM$UMC$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Asia Markets

US Equity Futures Gain Pre-Bell as Trump Says Ceasefire Still in Effect Despite Skirmish in Strait of Hormuz

US equity futures were edging higher pre-bell Friday as traders continued to monitor developments in the Middle East conflict, with the US and Iran exchanging fire, while President Donald Trump said the ceasefire was still in effect.Dow Jones Industrial Average futures were 0.4% higher, S&P 500 futures were up 0.6%, and Nasdaq futures were 0.9% higher.The US and Iran traded fire in the Strait of Hormuz, with each side claiming that the other started the attack. In a post on Truth Social, Trump said there was no damage done to three Destroyer vessels, but "great damage" to Iranian boats. "We'll knock them out a lot harder, and a lot more violently, in the future, if they don't get their Deal signed, FAST!" he added.Trump told reporters that the ceasefire was still in effect. The US is still waiting for Iran's response to its proposal to end the war and postpone nuclear talks to a later date.Traders absorbed the latest round of earnings, with Enbridge (ENB) reporting lower Q1 adjusted earnings amid higher revenue and Brookfield Asset Management (BAM) posting increases in Q1 distributable earnings and revenue.Oil prices were largely unchanged, with front-month global benchmark North Sea Brent crude flat at $100.10 per barrel and US West Texas Intermediate crude also flat at $94.79 per barrel.The April national unemployment rate was reported at 4.3%, unchanged from the prior month and meeting estimates compiled by Bloomberg.The University of Michigan consumer sentiment index for May, slated for 10 am ET, is expected at 49.5, down from 49.8 previously.There will be a panel discussion featuring Fed Vice Chair for Supervision Michelle Bowman, Fed Governor Christopher Waller, San Francisco Fed President Mary Daly, and Chicago Fed President Austan Goolsbee at 7:30 pm ET.In other world markets, Japan's Nikkei closed 0.2% lower, Hong Kong's Hang Seng ended 0.9% lower, and China's Shanghai Composite finished flat. Meanwhile, the UK's FTSE 100 was down 0.1%, and Germany's DAX index was 0.9% lower in Europe's early afternoon session.In equities, Cloudflare (NET) shares fell 16% after the company said it expected to reduce its workforce by about 1,100 people as part of a planned restructuring, as well as incurring charges of $140 million to $150 million in connection with the plan. CoreWeave (CRWV) stock was down 6.1% after the company reported a wider-than-expected Q1 net loss. HubSpot (HUBS) shares dropped 24% after the company issued lower-than-expected Q2 revenue guidance.On the winning side, Sony (SONY) stock was up 2.9% after the company's subsidiary Sony Semiconductor Solutions and Taiwan Semiconductor Manufacturing (TSM) said they signed a non-binding memorandum of understanding to create a strategic partnership focused on developing and manufacturing next-generation image sensors. Eni (E) shares rose 2.6% after the company said the first tranche of its new share buyback program will be launched in the coming days. Earlier, Eni also said its Geliga-1 offshore Indonesia discovery delivered strong drill stem test results, confirming robust reservoir productivity.

Dow JonesNasdaq CompositeS&P 500$BAM$CRWV$E$ENB$HUBS$NET$SONY$TSM
Japan

US Equity Futures Gain Pre-Bell as Trump Says Ceasefire Still in Effect Despite Skirmish in Strait of Hormuz

US equity futures were edging higher pre-bell Friday as traders continued to monitor developments in the Middle East conflict, with the US and Iran exchanging fire but President Donald Trump saying that the ceasefire was still in effect.Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.5%, and Nasdaq futures were 0.7% higher.The US and Iran traded fire in the Strait of Hormuz, with each side claiming that the other started the attack. In a post on Truth Social, Trump said there was no damage done to three Destroyer vessels, but "great damage" to Iranian boats. "We'll knock them out a lot harder, and a lot more violently, in the future, if they don't get their Deal signed, FAST!" he added.Trump told reporters that the ceasefire was still in effect. The US is still waiting for Iran's response on its proposal to end the war and postpone nuclear talks to a later date.Traders absorbed the latest round of earnings, with Enbridge (ENB) reporting lower Q1 adjusted earnings amid higher revenue and Brookfield Asset Management (BAM) posting increases in Q1 distributable earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.6% at $100.70 per barrel and US West Texas Intermediate crude 0.2% higher at $95.04 per barrel.The unemployment rate for April, scheduled for release at 8:30 am ET, is expected to remain unchanged at 4.3%, according to estimates compiled by Bloomberg. The University of Michigan consumer sentiment index for May, slated for 10 am ET, is expected at 49.5, down from 49.8 previously.There will be panel discussion featuring Fed Vice Chair for Supervision Michelle Bowman, Fed Governor Christopher Waller, San Francisco Fed President Mary Daly and Chicago Fed President Austan Goolsbee at 7:30 pm ET.

Dow JonesNasdaq CompositeS&P 500$BAM$ENB
US Markets

Stocks Rise Pre-Bell as Investors Assess Renewed Middle East Tensions, Await Jobs Report

The benchmark US stock measures were pointing higher before the open Friday as investors weigh renewed tensions in the Strait of Hormuz and await a key employment report for April.The S&P 500 rose 0.4%, the Dow Jones Industrial Average increased 0.2% and the Nasdaq added 0.6% in premarket activity. The indexes finished the previous trading session down, snapping a two-day winning streak.The US and Iran exchanged fire in the Strait of Hormuz on Thursday, with both sides accusing each other of initiating the attack, according to several media outlets.The US Central Command said its forces intercepted "unprovoked" Iranian attacks and carried out "self-defense" strikes, as US navy destroyers transited the crucial waterway to the Gulf of Oman. Iran reportedly accused the US of striking multiple targets in and around the strait.In a social media post on Thursday, President Donald Trump threatened to strike Tehran "a lot harder, and a lot more violently" in the future if it doesn't agree to a peace deal. Later, Trump told ABC News that the strikes against Iran were "just a love tap" and that the ceasefire between the two countries remains in effect."Markets continue to be cautiously optimistic toward the prospect of a US-Iran deal to end the war despite the appearances of the US administration pumping the deal vastly more than the other side," Scotiabank said in a note on Thursday.West Texas Intermediate crude oil nudged 0.4% higher to $95.18 a barrel before the opening bell, while Brent inclined 0.7% to $100.83.Treasury yields were trending lower in premarket action, with the two-year rate retreating 2.2 basis points to nearly 3.9% and the 10-year rate off 2.4 basis points to 4.37%.The nonfarm payrolls report for last month is scheduled to be released at 8:30 am ET. Government data is expected to show that the US economy added 65,000 jobs in April, compared with a 178,000 gain reported for the month prior, according to a Bloomberg poll.US job cuts increased in April to the third-highest total for the month since 2009 as technology companies continued to announce layoffs amid a shift toward artificial intelligence, Challenger Gray & Christmas said Thursday. On Wednesday, ADP (ADP) said employment in the US private sector grew at its fastest pace in more than a year.Friday's economic calendar also has the preliminary University of Michigan consumer sentiment report for May at 10 am, while the weekly Baker Hughes oil-and-gas rig count is out at 1 pm.On Thursday, a US trade court ruled that Trump's 10% global tariffs are not justified under a 1970s trade law, Reuters reported. In February, the Supreme Court invalidated Trump's reciprocal tariffs imposed in 2025 under the International Emergency Economic Powers Act. Following that decision, Trump announced a 10% global tariff, which he later said would rise to 15%.Shares of Airbnb (ABNB) moved 0.7% higher pre-bell after the vacation rental company reported higher-than-expected first-quarter revenue. Monster Beverage (MNST) climbed 6.5% as the energy drink firm's first-quarter results topped market estimates. CoreWeave (CRWV) fell 6.5% following its latest quarterly results.Iren (IREN) jumped 8.1% as the company said it secured a five-year artificial intelligence infrastructure cloud services contract with Nvidia (NVDA) worth $3.4 billion.Gold increased 0.4% to $4,730 per troy ounce, while bitcoin slipped 0.2% to $79,952.

Dow JonesNasdaq CompositeS&P 500$ABNB$IREN$MNST
Asia Markets

Tech Stocks Lift Wall Street Pre-Bell; Asia, Europe Off

Wall Street futures pointed moderately higher pre-bell Friday as tech issues gained, crude oil prices held steady, and traders shrugged off clashes between US and Iranian forces in the Strait of Hormuz.In the futures, the S&P 500 rose 0.5%, the Nasdaq edged 0.7% higher and the Dow Jones was up 0.3%.West Texas Intermediate crude oil traded down 0.2% at $94.61 in premarket activity.Investors also await the national employment situation report for April from Washington at 8:30 am ET, sure to be parsed for clues to the strength of the US job market.Asian exchanges traded mostly lower overnight, while European bourses tracked moderately south midday on the continent.Akamai Technologies (AKAM) stock was up 25% pre-bell after the company overnight reported higher Q1 revenue.On the economic calendar, in addition to the employment report, is the University of Michigan consumer sentiment report for May due 10 am, followed by the weekly Baker Hughes domestic oil-and-gas rig count at 1 pm.In premarket activity, Bitcoin traded at $79,879, and 10-year US Treasuries offered 4.37%. Spot gold commanded $4,722 an ounce.

Dow JonesNasdaq CompositeS&P 500
US Markets

S&P 500, Nasdaq Snap 2-Day Record Run as Oil Prices Rise in Volatile Session

The S&P 500 and the Nasdaq Composite fell from record closing highs on Thursday as oil prices rose in what turned out to be a choppy trading session for crude.The S&P 500 closed 0.4% lower at 7,337.1, while the Nasdaq slipped 0.1% to 25,806.2. The Dow Jones Industrial Average dropped 0.6% to 49,597. All three indexes snapped a two-day advance that propelled the S&P 500 and the Nasdaq to all-time highs.Barring communication services and technology, all sectors were in the red, led by materials and energy.West Texas Intermediate crude was last up 0.7% at $95.73 a barrel, swinging between gains and losses during Thursday late-afternoon trade. Brent was up 0.1% at $101.36. Both benchmarks fell sharply Wednesday amid prospects of a diplomatic breakthrough between the US and Iran.Iran is still reviewing "messages" from the US via Pakistani mediation, CNN reported, citing Iranian media. Tehran has set out new rules for ships looking to transit ross the crucial Strait of Hormuz, the news outlet reported."Markets continue to be cautiously optimistic toward the prospect of a US-Iran deal to end the war despite the appearances of the US administration pumping the deal vastly more than the other side," Scotiabank said in a note.US Treasury yields were higher, with the 10-year rate up 4.5 basis points at 4.40% and the two-year rate rising 5.4 basis points to 3.92%.In company news, Tapestry (TPR) raised its fiscal 2026 outlook after delivering a third-quarter beat, but provided a subdued fourth-quarter sales guidance for its Kate Spade brand. The luxury fashion company's shares slumped 12%, the second-worst performer on the S&P 500.Planet Fitness (PLNT) shares slid 31% after the fitness center operator tempered its full-year expectations amid fewer-than-projected member additions in the first quarter.Shake Shack (SHAK) shares plummeted 28% after the fast food chain operator's first-quarter results fell short of Wall Street's estimates amid weather-related headwinds.Datadog (DDOG) shares surged 31%, the top gainer on the S&P 500. The software maker raised its full-year outlook after posting first-quarter results that topped the Street expectations.In economic news, US job cuts increased in April to the third-highest total for the month since 2009 as technology companies continued to announce layoffs amid a shift toward artificial intelligence, Challenger Gray & Christmas said Thursday.The report comes ahead of the official April nonfarm payrolls data to be released on Friday.Official data are expected to show that the US economy added 65,000 nonfarm jobs in April, compared with a 178,000 increase reported for the previous month, according to a Bloomberg-compiled consensus. On Wednesday, ADP (ADP) said that employment in the US private sector grew at its fastest pace in more than a year.Gold was up 0.3% at $4,709.90 per troy ounce in Thursday late-afternoon trade, while silver jumped 2.7% to $79.40 per ounce.

Dow JonesNasdaq CompositeS&P 500$ADP$DDOG$PLNT$SHAK$TPR
Asia Markets

US Equity Indexes Fall as Iran Seeks Hormuz Control, Washington Plans to Restart Operation Freedom

US equity indexes declined on Thursday as Iran reportedly set up an agency to control shipping in the Strait of Hormuz, and Washington, still awaiting Iran's response to its peace proposal, considered options to restart defence operations to provide safe passage for ships stranded at the critical waterway.The Nasdaq slipped 0.1% to 25,806.20, retreating from an all-time peak of 26,036.38 intraday amid concern that a peace agreement between the US and Iran could be at risk. The S&P 500 fell 0.4% to 7,337.11 after hitting an all-time high of 7,385.02 earlier in the session. The Dow Jones Industrial Average declined 0.6% to 49,596.97.All sectors except technology and communication services fell. Energy, materials, and industrials led the decliners.Iran has created a government agency to vet and tax vessels seeking passage through Hormuz, an Associated Press report cited a shipping data company Thursday. Tehran has laid out a new set of rules for vessels seeking to transit the chokepoint through which about 20% of global crude oil flows, according to a document seen by CNN.Entitled "Vessel Information Declaration," the document is an application form issued by Iran's newly created Persian Gulf Strait Authority, and it must be completed by all transiting vessels to ensure safe passage, CNN reported. The document was shared with CNN by the Lloyds List and another shipping industry source who wished to remain anonymous, according to the news report.Meanwhile, the Trump administration is looking to restart an operation to guide commercial ships through Hormuz with naval and air support as early as this week, after Saudi Arabia and Kuwait lifted restrictions on US access to their bases and airspaces, The Wall Street Journal reported Thursday, citing Pentagon officials.The US is still awaiting Iran's response to its peace proposal. The two countries are said to be working with mediators to formulate a one-page framework to restart talks aimed at ending the war and reopening Hormuz.West Texas Intermediate crude oil futures rose 1.1% to $96.11, turning the corner from a decline of 3% earlier in the session. Brent crude futures added 0.1% to $101.36, off intraday declines of more than 3%.Most US Treasury yields rose, with the 10-year up 3.4 basis points to 4.39% and the two-year climbed 4.1 basis points to 3.91%.In economic news, employers in the US announced 83,387 job cuts in April, up 38% from March, Challenger, Gray & Christmas said Thursday. The two previous highs were 105,441 job cuts recorded in April 2025 and 671,129 in April 2020, the global outplacement firm added.US initial jobless claims rose to 200,000 in the week ended May 2 from an upwardly revised 190,000 in the previous week, compared with expectations for 205,000 in a survey of analysts compiled by Bloomberg. The four-week moving average fell by 4,500 to 203,250.In company news, Datadog (DDOG) raised its full-year outlook after the software maker posted Q1 results above analysts' estimates. Shares surged 31%, the top gainer on the S&P 500 and the Nasdaq.In precious metals, gold futures edged up 0.6% to $4,724.00, and silver futures jumped 3.9% to $80.30.

Dow JonesNasdaq CompositeS&P 500$DDOG
Japan

US Equity Markets End Lower as Conflicting US Signals on Iran War Weigh on Sentiment

US equity indexes ended lower on Thursday amid conflicting signals from the US on the war with Iran, triggering renewed concerns that the conflict will drag on.* Iran has created a government agency to vet and tax vessels seeking passage through the Strait of Hormuz, the Associated Press reported, citing Lloyd's List Intelligence. Tehran is reviewing the latest US proposals for ending the war.* US initial jobless claims last week rose to 200,000 from an upwardly revised 190,000 in the previous week, compared with expectations for 205,000 in a survey of analysts compiled by Bloomberg.* June West Texas Intermediate crude oil rose $1.28 to settle at $96.36 per barrel, while July Brent crude, the global benchmark, was last seen up $0.61 at $101.88.* Zoetis (ZTS) shares fell 22%, the steepest decline on the S&P 500, after the company reported Q1 adjusted earnings and revenue below market expectations and scaled back full-year guidance.* Datadog (DDOG) shares rose 31%, the biggest gain on the S&P, after the company raised its full-year outlook and posted Q1 results that topped Wall Street expectations.

Dow JonesNasdaq CompositeS&P 500$DOG$ZTS
Japan

US Equity Indexes Fall as Iran Plans to Control Hormuz Transit, Washington Mulls Restarting Operation Freedom

US equity indexes were lower ahead of Thursday's close as Iran reportedly set up an agency to control shipping in the Strait of Hormuz, and Washington considered restarting defence operations to provide safe passage for ships stranded at the critical waterway.The Nasdaq slid 0.3% to 25,755.7, after touching a record 26,036.38 intraday amid concern that a peace agreement between the US and Iran could be at risk. The S&P 500 retreated 0.4% to 7,336.5 after hitting an all-time high of 7,385.02 earlier in the session. The Dow Jones Industrial Average fell 0.6% to 49,592.8 in the final leg of trading.Iran has created a government agency to vet and tax vessels seeking passage through Hormuz, an Associated Press report cited a shipping data company Thursday. Tehran has laid out a new set of rules for vessels seeking to transit the chokepoint through which about 20% of global crude oil flows, according to a document seen by CNN.Entitled "Vessel Information Declaration," the document is an application form issued by Iran's newly created Persian Gulf Strait Authority, and it must be completed by all transiting vessels to ensure safe passage, CNN reported. The document was shared with CNN by the Lloyds List and another shipping industry source who wished to remain anonymous, according to the news report.Meanwhile, the Trump administration is looking to restart an operation to guide commercial ships through Hormuz with naval and air support as early as this week, after Saudi Arabia and Kuwait lifted restrictions on US access to their bases and airspaces, The Wall Street Journal reported Thursday, citing Pentagon officials.The US is still awaiting Iran's response to its peace proposal. The two countries are said to be working with mediators to formulate a one-page framework to restart talks aimed at ending the war and reopening Hormuz.West Texas Intermediate crude oil futures added 0.7% to $95.75, while Brent crude futures declined 0.2% to $101.03. Both WTI and Brent futures are off session lows of more than 3% each.

Dow JonesNasdaq CompositeS&P 500
Asia Markets

US Equity Indexes Give Up Gains as Iran Reportedly Unveils Plan to Charge Fee for Safe Hormuz Transit

US equity indexes fell midday Thursday, with the S&P 500 and the Nasdaq Composite giving up intraday gains after Iran reportedly created an agency to control shipping in the Strait of Hormuz before sending its response to Washington's proposal to restart peace talks.The Nasdaq slid 0.3% to 25,760.7 after touching a record 26,036.38 intraday. The S&P 500 retreated 0.5% to 7,326.7 after hitting an all-time high of 7,385.02 earlier in the session. The Dow Jones Industrial Average fell 0.7% to 49,545.5, extending declines.All sectors except technology fell, with energy, industrials, and utilities leading the decliners.Iran has created a government agency to vet and tax vessels seeking passage through the crucial Strait of Hormuz, an Associated Press report cited a shipping data company Thursday. Tehran has laid out a new set of rules for vessels seeking to transit through the Hormuz, a chokepoint to about 20% of global crude oil flows, according to a document seen by CNN.Entitled "Vessel Information Declaration," the document is an application form issued by Iran's newly created Persian Gulf Strait Authority, and it must be completed by all transiting vessels to ensure safe passage, CNN reported. The document was shared with CNN by the Lloyds List and another shipping industry source who wished to remain anonymous, according to the news report.The Trump administration is looking to restart an operation to guide commercial ships through Hormuz with naval and air support as early as this week, after Saudi Arabia and Kuwait lifted restrictions on US access to their bases and airspaces, The Wall Street Journal reported Thursday, citing Pentagon officials.Meanwhile, the Islamic Republic is reviewing messages from Pakistan, which is mediating peace negotiations with Washington, but Tehran "has not yet reached a conclusion, and no response has been given to the U.S. side," the Associated Press cited Iranian Foreign Ministry spokesperson Esmail Baghaei on state TV.West Texas Intermediate crude oil futures rose 1.8% to $96.81, while Brent crude futures slipped 0.4% to $100.83, off session lows when declines hit more than 3% each.US Treasury yields turned the corner, leaning higher after midday, compared with a move down across most of the maturities earlier in the session. The 10-year rose four basis points to 4.39%, and the two-year rate climbed 4.7 basis points to 3.92%.In precious metals, gold futures edged up 0.6% to $4,727.2, off session highs. Silver futures were up 4.1% to $80.49 but off highs of more than 5% earlier in the session.In economic news, employers in the US announced 83,387 job cuts in April, up 38% from March, Challenger, Gray & Christmas said Thursday. The two previous highs were 105,441 job cuts recorded in April 2025 and 671,129 in April 2020, the global outplacement firm added."Technology companies continue to announce large-scale cuts and are leading all industries in layoff announcements. They are also often citing AI spend and innovation. Regardless of whether individual jobs are being replaced by AI, the money for those roles is," said Andy Challenger, workplace expert and chief revenue officer for Challenger, Gray & Christmas.US initial jobless claims rose to 200,000 in the week ended May 2 from an upwardly revised 190,000 in the previous week, compared with expectations for 205,000 in a survey of analysts compiled by Bloomberg. The four-week moving average fell by 4,500 to 203,250.In company news, Datadog (DDOG) raised its full-year outlook after the software maker posted Q1 results above analysts' estimates. Shares surged 28%, the top gainer on the S&P 500 and the Nasdaq.ARM (ARM) Chief Executive Rene Haas said, in an earnings call with investors, that while demand for ARM's new AGI CPU doubled to $2 billion within six weeks of its launch, the company has only secured enough manufacturing capacity to fulfill half of those orders. Shares sank 10%, among the worst performers on the Nasdaq.

Dow JonesNasdaq CompositeS&P 500$ARM$DDOG

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