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Live Nasdaq Composite: Stock Market Rally Stalls as Bears Challenge Risk-On Trade
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Advanced Micro Devices (AMD) posted Q1 2026 revenue of $10.25 billion with data center sales rising 57% year-over-year, while SanDisk (SNDK) reported $5.95 billion in revenue at a 78% gross margin, bolstered by Bernstein’s projection of another leg higher for DRAM and NAND pricing in Q2 2026.
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The tech-heavy Nasdaq is gaining on strong corporate profit growth and easing oil prices, though McDonald’s CEO signaled consumer spending weakness and uncertainty clouding the broader economic outlook.
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Initial jobless claims landed at 200,000 last week, coming in under the 205,000 consensus and reinforcing the picture of a labor market that is not cracking.
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On the heels of yesterday’s record-setting session, the Nasdaq Composite came out of the gate strong but is losing some steam now, surrendering some gains in what started out to be a move higher. Nevertheless, the tech-laden index remains in the green on tailwinds from corporate America’s strong profit growth, most recently Advanced Micro Devices (Nasdaq: AMD), coupled with easing oil prices. After soaring as high as $430 yesterday, AMD stock has retreated to the $416 level today.
WTI Crude and Brent Crude oil prices are both falling on the day to hover below the $100/barrel level. Investors and traders are weighing the status of U.S.-Iran talks while holding onto hope that an end to the war is drawing near.
Broader market sentiment shifted to fear when McDonald’s (NYSE: MCD) CEO revealed that consumers are starting to show signs of weakening in this uncertain economy as spending levels fall. Overall, the Q1 earnings season is running hot. Deutsche Bank has framed this cycle as one of the strongest in roughly two decades, with S&P 500 profit growth tracking close to 25% and analysts moving estimates upward rather than shaving them.
Here’s a look at where things stand as of morning trading:
Dow Jones Industrial Average: 49,829 Down 0.16%
Nasdaq Composite: 25,956 Up 0.46%
S&P 500: 7,370 Up 0.07%
Market Movers
Advanced Micro Devices (Nasdaq: AMD) posted Q1 2026 revenue of $10.25 billion, with data center sales rising 57% year-over-year. CEO Lisa Su framed the long-term opportunity plainly, projecting the CPU market could surpass $120 billion by 2030 at a compound annual growth rate north of 35%.
SanDisk (Nasdaq: SNDK) reported $5.95 billion in revenue at a 78% gross margin.
Bernstein’s Mark Li sees another leg higher for DRAM and NAND pricing in Q2 2026, with strength expected to carry into 2027 before a slow normalization takes hold.
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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