Finance

First-quarter earnings reports for 2026 have produced significant price swings, with Texas Instruments surging over 15% while ServiceNow and IBM faced sharp declines. Tesla also saw its shares fall despite exceeding profit expectations as investors reacted to the company's forecasted increase in capital expenditures for robotics and manufacturing.

Crude oil benchmarks continue to trade near two-week highs, with Brent crude holding above $100 a barrel as diplomatic efforts in the Middle East reach a standstill. These elevated energy costs are contributing to a deterioration in the inflation outlook, complicating potential interest rate easing by the Federal Reserve.

The 10-year Treasury yield maintained a level near 4.3% as traders weighed stable U.S. manufacturing data against geopolitical risks. Simultaneously, the average 30-year fixed mortgage rate dropped for the third consecutive week to 6.23%, marking its lowest level in over a month and providing some relief for the spring homebuying season.

Bitcoin continues to trade above $78,000, though it faces a persistent ceiling near the $80,000 mark. While the broader technical outlook for digital assets remains bullish due to institutional ETF inflows and corporate treasury strategies, the market is currently consolidating as it awaits a clear macro catalyst for further upward momentum.