Latest / MPC Markets Morning Call
Chips Stocks Soar Trump squashes Iran Deal
US equities finished the week at fresh records, with the S&P 500 rising 0.8% on Friday to cap a sixth straight weekly advance — the longest since 2024. The Nasdaq 100 surged 2.3% and the SOX semiconductor index gained 11% for the week, powered by Intel (+14% on a preliminary Apple chip-making deal) and broad AI momentum. US payrolls rose for a second consecutive month in April, the first back-to-back increase in nearly a year, with unemployment holding at 4.3%. However, consumer sentiment slumped to a fresh record low of 48.2 in early May. Brent settled at $101.29 (+1.2% on the day) but fell…
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