Apr 6 2026

 arket Overview

• Quiet and mixed market open; little movement overall
• Nasdaq 100 slightly leading (+0.4%), S&P 500 modestly up
• Recent momentum: Nasdaq +4.4% last week; S&P 500 +3.4% (ended losing streaks)

Economy

• Strong jobs report: +178,000 jobs (above expectations)
• Unemployment at 4.3%

Geopolitics (US–Iran)

• Rising tensions but ongoing talks of a 45-day ceasefire
• U.S. warning potential strikes if Strait of Hormuz not reopened
• Rescued U.S. Air Force colonel after 36 hours

Commodities & Rates

• Oil slightly down (~$110.50, still high); OPEC modestly increasing output
• 10-year yield ~4.34% (flat)
• Gold and silver mostly unchanged
• Bitcoin up (~+3.5%)

Notable Stocks

• AAOI +6% (large data center order)
• Storage/memory stocks (SanDisk, Western Digital) higher
• SLNO up on $2.9B acquisition by Neurocrine
• Netflix upgraded (strong ad growth)
• Twilio upgraded (AI strength)
• Downgrades: Carvana, Avis Budget

Upcoming Data (This Week)

• ISM Services (today)
• Durable goods (Tuesday)
• Fed minutes (Wednesday)
• PCE inflation (Thursday)
• CPI (Friday)