Morning Brief: We're watching for S&P 500 record highs again

👋 Good morning! Stocks surged erstwhile much connected Tuesday arsenic a lower-than-expected wholesale ostentation merchandise lifted capitalist spirits further, on with hopes for deescalation with Iran: A 2nd circular of talks is successful the works.

The S&P 500 (^GSPC) gained 1.2%, the Dow (^DJI) 0.6%, and the Nasdaq (^IXIC) 2.0%. Oil fell, and golden rose.

These gains enactment the S&P 500 astatine 6,967, putting the 7,000 milestone backmost successful show for the archetypal clip successful rather immoderate time. That's right, we're adjacent grounds highs erstwhile again.

(The grounds close, for those who are counting, is 6,978.60 connected Jan. 28.)

On the docket this morning:

🤖 The AI and tech trades are backmost and booming

📈 The marketplace is bullish again, but it's 'not a close-eyes-and-buy' market

⚠️ An AI jobs grooming doom loop

🛰️ Amazon ups its contention with SpaceX and Starlink

🔮 A Strait prediction

⌚️ A shiny thing

📆 What we're watching Wednesday: Big Bank net proceed with Bank of America (BAC) and Morgan Stanley (MS), and we'll beryllium watching for different inklings of user and firm strain throughout.

We'll besides beryllium watching the Fed's Beige Book for illustrative business-world anecdotes from astir the country, retired successful the afternoon.

🛢️ Oil falls, golden rises arsenic investors anticipation for US-Iran talks to restart: 'Time remains of the essence.'

₿ Bitcoin jumps to $74,000, but Wall Street is 'cautious' crypto carnivore marketplace isn't over.

☁️ Oracle banal pops arsenic institution agrees to bargain substance compartment power from Bloom Energy.

💿 Sandisk is up astir 250% this year, and a caller Wall Street superbull emerges. Here's their thesis.

🚙 The Nissan Xterra is back. There's a caller 'long-term vision.'

💸 Tax Day is here. You tin inactive get an hold from the IRS.

🏴‍☠️ A vessel appeared to transit, past U-turn done the Strait of Hormuz. The Chinese-linked vessel seemed to beryllium investigating the blockade.

👾 Nvidia should beryllium 'shaking successful their boots' implicit quantum computing. At least, according to D-Wave's CEO.

⚠️ JPMorgan and different large banks spot profits emergence arsenic Dimon warns of 'increasingly analyzable acceptable of risks.' Those see “geopolitical tensions and wars, vigor terms volatility, commercialized uncertainty, ample planetary fiscal deficits, and elevated plus prices.”

💊 Wegovy shaper Novo Nordisk partners with OpenAI to velocity cause development. The industry, however, is inactive waiting for a large AI breakthrough.

See what other is trending connected Yahoo Finance.

The S&P 500 has done conscionable good implicit the past fewer months without excessively overmuch assistance from Big Tech and the muscly AI trade.