Latest / MPC Markets Morning Call
Tech Leads markets to fresh record highs despite ongoing Hormuz conflict
US equities extended their remarkable April run on Wednesday as Trump’s decision to indefinitely extend the Iran ceasefire removed the immediate threat of a return to hostilities, lifting the S&P 500 1.1% to a record 7,137.90 and the Nasdaq 1.6% to 24,657.57. The Dow Jones Industrial Average added 0.7% to 49,490.03. Semiconductor stocks were again the standout, with the SOX index recording a 16th consecutive session of gains — the longest winning streak in the index’s history — driven by expectations of 57% sector revenue growth in 2026. Brent crude settled near $102 a barrel as tensions in…
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