Finance

Crude oil futures rose by approximately 2% today as the Strait of Hormuz remains restricted, hindering global oil transit. This supply uncertainty is acting as a significant headwind for the broader market, even as certain sectors attempt to maintain momentum.

Chipmaking stocks remain a bright spot in the tech sector, with several reaching new all-time highs recently. Major gains from companies like Intel and Nvidia have bolstered the Nasdaq, even as other large-cap technology firms prepare to report earnings later this week.

Traders are focused on the upcoming FOMC meeting where Jerome Powell is expected to chair his final session before his term expires. The market is seeking clarity on whether current inflationary pressures are temporary or require a more sustained policy response.

The cryptocurrency market is showing stability, with Bitcoin trading near the $78,000 mark after briefly testing higher levels overnight. Despite a recent corrective pullback, institutional interest remains high as evidenced by consistent inflows into spot ETFs throughout April.

Domino’s Pizza saw its stock tumble today after reporting same-store sales growth that missed analyst expectations. The company cited increased macroeconomic pressure and geopolitical uncertainty as factors that may lead to more conservative performance throughout 2026.