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International

US Equity Markets Mixed Ahead of US-Iran Peace Talks, High Inflation Report

US equity indexes were mixed on Friday, with US-Iran peace talks about to begin and higher government bond yields following a high-paced inflation report.* Iran's parliament speaker, Mohammad Bagher Ghalibaf, said talks cannot start until the US meets two conditions: a ceasefire in Lebanon and the release of blocked Iranian assets. Meanwhile, President Donald Trump said Thursday that Iran is "doing a very poor job" of letting crude oil pass and cautioned against collecting tolls.* The consumer price index advanced 0.9% in March, its strongest pace of growth since June 2022, the Bureau of Labor Statistics reported Friday. The latest print met a Bloomberg-polled consensus view. Annually, inflation rose to 3.3% from February's 2.4% rise, falling short of Wall Street's 3.4% projection.* May West Texas Intermediate crude oil fell $1.62 to settle at $96.25 per barrel, while June Brent crude, the global benchmark, was last seen down $1.28 at $94.64.* Super Micro Computer (SMCI) shares rose about 8.8% on Friday, a day after it launched the Gold Series enterprise server suite for artificial intelligence, storage, and edge workloads.* Fair Isaac (FICO) shares were down roughly 14%, among the steepest decliners on the S&P 500, after Barclays adjusted its price target for the stock to $1,950 from $2,400 while maintaining its overweight rating.

Dow JonesNasdaq CompositeS&P 500$FICO$SMCI
Wire

Super Micro Computer Shares Rise After Launch of Gold Series Server Offering

Super Micro Computer (SMCI) shares rose 8.8% on Friday, a day after it launched the Gold Series enterprise server suite for artificial intelligence, storage, and edge workloads.The new pre-configured offering comprises of more than 25 types of server systems and is ready to ship from company warehouses within three business days, according to a statement.Pre-configuring facilitates cost-efficient pricing and shorter lead times compared with custom-built offerings, the company said.Price: $25.29, Change: $+2.07, Percent Change: +8.89%

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US Markets

Equity Markets Mixed Intraday Ahead of US-Iran Talks

US benchmark equity indexes were mixed intraday as traders awaited upcoming talks between Washington and Iran and parsed the latest inflation data.The Dow Jones Industrial Average was down 0.6% at 47,922.5 after midday Friday, while the S&P 500 fell 0.1% to 6,815.3. The Nasdaq Composite rose 0.2% to 22,870.8. Among sectors, consumer staples saw the biggest decline, while technology paced the gainers.West Texas Intermediate crude oil was up 0.5% at $98.32 a barrel intraday.Officials from the US and Iran are expected to meet Saturday in Pakistan, which helped broker a recent two-week truce between the two countries.The US is ready to renew and increase strikes on Iran if the parties are unable to reach a peace deal in the upcoming talks, CNN reported Friday, citing President Donald Trump. Negotiations can't start until the US agrees to a ceasefire in Lebanon and the release of blocked Iranian assets, the news outlet reported, citing Iran's parliament speaker.US Treasury yields were higher intraday, with the 10-year rate up four basis points at 4.32% and the two-year rate rising 3.9 basis points to 3.81%.In economic news, US consumer inflation accelerated to its highest monthly reading in nearly four years in March as the Middle East conflict sent energy prices sharply higher, official data showed."The fallout of the US/Israel-Iran war was evident in the March consumer price index," Oxford Economics said in a note.US consumer sentiment hit the lowest on record this month, reflecting heightened worries about higher prices and the overall economic fallout from the Middle East conflict, a survey by the University of Michigan showed."Demographic groups across age, income, and political party all posted setbacks in sentiment, as did every component of the index, reflecting the widespread nature of this month's fall," Surveys of Consumers Director Joanne Hsu said. "Economic expectations will likely improve after consumers gain confidence that the supply disruptions stemming from the Iran conflict have ended and gas prices have moderated."In company news, ServiceNow (NOW) shares were down 8.6% intraday, among the worst performers on the S&P 500.The enterprise software company's competitive advantage may have eroded amid growing evidence that workflow automation tasks can be automated by harnessing artificial intelligence models, UBS Securities said in a note. The brokerage downgraded its rating on the stock to neutral from buy and lowered its price target to $100 from $170.CoreWeave (CRWV) shares jumped 11% after the AI cloud computing company struck a deal to support the development and deployment of Anthropic's Claude AI models.Other major tech names were also advancing intraday, with Nvidia (NVDA) up 2.4%, the biggest gainer on the Dow, while Super Micro Computer (SMCI) jumped 9.2%, the best performer on the S&P 500. Broadcom (AVGO), Advanced Micro Devices (AMD), and Amazon.com (AMZN) were also firmly in the green.Gold was down 0.6% at $4,790 per troy ounce, while silver rose 0.1% to $76.48 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMD$AMZN$AVGO$CRWV$NOW$NVDA$SMCI

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