By Stephen Culp
NEW YORK, April 15 (Reuters) – The S&P 500 and the Nasdaq both logged record closing highs on Wednesday as investors assessed developments in the U.S.-Iran conflict and turned their focus to corporate earnings.
And before you read on, don’t forget to sign up for Jamie McGeever’s upcoming LSEG webinar on April 23, where he’ll talk about safe havens in uncertain times with his ROI colleague Mike Dolan.
Here are a few articles I recommend to help you make sense of what happened in markets today.
Today’s Key Market Moves
Today’s Talking Points
* S&P 500, Nasdaq reached their first record closing highs since the U.S.-Iran conflict began
Hopes of de-escalation and robust earnings expectations pushed the indexes to all-time closing highs, reassuring investors that a bull market remains intact.
Reaching those records during an active geopolitical crisis signified a shift in market positioning as traders appeared more willing to price in less severe escalation risks in the near term.
* Shares of Allbirds soared 582.3% after announcing a move from footwear to AI computing infrastructure
In an unusual pivot, the San Francisco-based company said it would execute a $50 million convertible financing agreement with an institutional investor, the proceeds of which will be used to acquire graphics processing units (GPUs).
* Trump threatens to fire Powell if he doesn’t quit Fed board
Trump has threatened to fire Federal Reserve Chair Jerome Powell from his separate seat on the central bank’s Board of Governors if he does not relinquish the post when his term as Fed chief ends on May 15.
The administration’s threats against Powell, including an ongoing criminal investigation, could delay Senate confirmation of Kevin Warsh, Trump’s pick to succeed Powell.
What could move markets tomorrow?
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Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
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