"The Nasdaq Composite is on pace for a 4.8% five-session gain, while the S&P 500 is eyeing its best weekly run in nearly a year, in what Bloomberg has dubbed a 'ceasefire rally.'"
"Inflation cooled slightly in March, with the Consumer Price Index rising 3.3% year-over-year, nudging below the 3.4% estimate."
"AI powerhouse Anthropic has signed a multi-year deal to rent data center capacity from CoreWeave to help power the deployment of its Claude AI models."
"Taiwan Semiconductor posted March revenue of $13.07 billion, up 31% year-over-year, a signal that AI chip demand is showing no signs of letting up."
The Nasdaq Composite is on track for a 4.8% gain over five sessions, while the S&P 500 is experiencing its best weekly performance in nearly a year. Inflation has slightly decreased, with the Consumer Price Index rising 3.3% year-over-year. Bank of America maintains its forecast for two rate cuts in 2026. Key market movements include Anthropic's deal with CoreWeave, Taiwan Semiconductor's revenue growth, and partnerships between Snap and Qualcomm for AR technology.
Read at 24/7 Wall St.
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