Nasdaq 100 eyes its best 12-day run since 2009 as traders embrace "FOMOOP" sentiment. GOOGL Alphabet and META Meta powered gains as tech overcame recent volatility. Citron Research flagged NVDA Nvidia quantum exposure as the "most obvious mispricing" in the sector today.
INTC Intel unveiled Core Series 3 chips targeting "everyday AI" with improved battery life. The semiconductor giant positioned for consumer adoption as quantum computing hype intensified. RGTI Rigetti Computing absorbed scrutiny from short sellers highlighting valuation concerns.
BAC Bank of America beat Q1 expectations driving analyst target increases. Wall Street banks broke records with JPMorgan, Citigroup and Wells Fargo posting over $25B combined profits. Iran war volatility fueled a trading boom validating banking sector strength.
QVCG.A QVC Group plunged 70% confirming Chapter 11 bankruptcy filing. The retail collapse highlighted consumer discretionary weakness despite broader market resilience.
FT reported Britain, Italy and France bore the brunt of sovereign debt selling sparked by Iran war uncertainty. The "Bifs" replaced "Piigs" as Europe's bond market whipping boys showing regional fragility. Global oil demand plummeted 3.4% in March per IEA data as prices soared and Middle East air travel collapsed.
European markets traded mixed as UK GDP jumped yet luxury stocks slumped on sentiment shifts. Peace talk hopes fluctuated driving volatile sessions across the region.
TSM Taiwan Semiconductor reports earnings today kicking off chip sector results. Wall Street's M&A pipeline shrank per Goldman Sachs warnings as deal activity sputtered.
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