Live Nasdaq Composite: Market Recovery Underway Amid Economic Tailwinds
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Taiwan Semiconductor (TSM) posted March revenue of $13.07 billion, up 31% year-over-year, signaling AI chip demand remains robust. Snap (SNAP) and Qualcomm (QCOM) partnered on Snapdragon XR chips for future Specs eyewear with standalone AR glasses launching later this year.
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Markets rallied on easing inflation expectations and geopolitical ceasefire optimism, with the S&P 500 eyeing its best weekly run in nearly a year while the Nasdaq Composite is up 4.8% over five sessions.
Live Updates
Oil Prices
WTI Crude and Brent Crude are both trading higher today, inching closer to the $100-per-barrel level once again.
According to reports, the energy index rose by nearly 11% last month, its biggest increase in over 20 years.
Palantir Push
President Trump has just posted about Palantir Technologies (Nasdaq: PLTR), saying, “Palantir Technologies has proven to have great war fighting capabilities and equipment.”
The stock is off 2% today.
The Nasdaq Composite is now up 0.67%.
Inflation's Mixed Bag
Inflation cooled slightly in March. The CPI index rose 3.3% year-over-year, nudging below the 3.4% estimate, while core CPI came in at 2.6%, also lower than forecasts.
The real story was at the pump. Gasoline prices surged 21.2% in March, driving overall energy costs up 10.9% on the month and marking the biggest monthly energy spike since 2005, a consequence of the Iran war’s grip on oil supply.
The silver lining: core inflation, which strips out food and energy, rose just 0.2% for a second straight month, less than the 0.3% forecast, suggesting the energy shock hasn’t fully spread in the economy.
This article will be updated throughout the day, so check back often for more daily updates.
With uncertainty from the Mideast conflict still looming, markets have chosen to see the glass half full this week. 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.”
On the economic front, inflation cooled slightly in March. The Consumer Price Index rose 3.3% year-over-year, nudging below the 3.4% estimate. Bank of America is holding firm on its forecast for two rate cuts in 2026, making the case that policymakers will see through supply-side inflation pressures, tepid wage gains, and the growing din of political interference.
Here’s a look at where things stand as of morning trading:
Dow Jones Industrial Average: 47,087 Down 0.20%
Nasdaq Composite: 22,912 Up 0.40%
S&P 500: 6,831 Up 0.10%
Market Movers
AI powerhouse Anthropic has signed a multi-year deal to rent data center capacity from CoreWeave (Nasdaq: CRWV) to help power the deployment of its Claude AI models.
In the chip race, Taiwan Semiconductor (NYSE: TSM | TSM Price Prediction) 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.
Snap (NYSE: SNAP) and Qualcomm (Nasdaq: QCOM) have signed a multi-year deal to power future Specs eyewear with Snapdragon XR chips, with standalone AR glasses set to launch later this year. The partnership is focused on on-device AI, graphics, and multiuser experiences.
Broadcom (Nasdaq: AVGO) is up 4.3% today alongside gains in Super Micro Computer (Nasdaq: SMCI), tacking on 4.2%. The tech gains aren’t broad based, as on the flip side, Datadog (Nasdaq: DDOG) is down 5.3% and Palantir Tech (Nasdaq: PLTR) is losing4%.
German software stock SAP (NYSE: SAP), which trades as an ADR, has shaved off 33.8% in the past three months amid a broader drawdown in software that’s also pulled Microsoft (Nasdaq: MSFT) lower by 22.1% in the same period.
Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
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