Overview
- U.S. stocks logged a second straight weekly advance as markets turn to a packed earnings slate led by big banks with Netflix and Taiwan Semiconductor to follow.
- Talks between the United States and Iran in Pakistan ended without a deal after Tehran refused to forswear a nuclear weapon, according to Vice President J.D. Vance.
- West Texas Intermediate crude trades near $98 per barrel while July futures hover around $85, and Evercore ISI’s Julian Emanuel says prices in the low to mid $80s would lift pressure on stocks.
- Following Friday’s Consumer Price Index report showing a 0.9% monthly jump, the largest since June 2022, economists linked most of the rise to higher energy costs.
- The University of Michigan’s April sentiment reading fell to a record low, with almost all responses taken before the two‑week ceasefire, signaling strain on household outlooks.