Markets
S&P 500 and Nasdaq hit fresh records as Intel surges and US-Iran talk hopes lift markets
The S&P 500 and Nasdaq closed at fresh record highs on April 24, 2026, lifted by a historic surge in Intel shares and hopes for a resumption of...
Analysis
The equity recovery is priced on Trump's verbal signal, not on any concrete negotiating framework. The Strait of Hormuz blockade remains physically active, and peace talks collapsed before Monday's session opened. S&P 500 futures going flat overnight confirms the relief trade is exhausted at current levels. Any Iranian statement that contradicts Trump's negotiation claim, or any incident in the strait, has no equity cushion to absorb it. The asymmetry is now skewed toward the downside.
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