Investors rallied stocks at the end of the week, largely fueled by NVIDIA Corp.’s (NASDAQ: NVDA) strong earnings and positive forward guidance, indicating robust demand for AI infrastructure. Concurrently, mixed retail performance highlighted ongoing consumer inflation concerns.
Notably, the potential resolution of the conflict in Iran could relieve pressure on oil prices. U.S. markets will be closed on Memorial Day, as a reminder of the geopolitical backdrop affecting the market.
In other key news, Home Depot (NYSE: HD) indicated ongoing consumer pressure in its latest earnings report, while Tesla Inc. (NASDAQ: TSLA) is making significant pivots towards AI technology. Additionally, SpaceX (NASDAQ: SPCX) took steps toward its IPO, releasing its public S-1, with the debut planned for June 12.
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