Finance

Intel shares surged nearly 24% following an exceptional earnings report that exceeded analyst expectations for AI-driven demand. This performance fueled a broader semiconductor rally, extending the sector's winning streak to 18 consecutive sessions.

U.S. Treasury yields retreated slightly after the Department of Justice ended its investigation into the Federal Reserve. This development is seen as a potential step toward confirming a new Fed chair, with the 10-year yield settling near 4.31% and the 2-year note falling to 3.77%.

Bitcoin traded near $78,100 on April 24, remaining resilient even after reports of delays in diplomatic discussions between the U.S. and Iran. The cryptocurrency market has seen increased institutional participation, with BlackRock's Bitcoin ETF options reaching significant open interest milestones.

Energy prices and broader market sentiment remain sensitive to the ongoing conflict between the U.S. and Iran, with oil prices experiencing volatility as traders monitor potential peace talks in Pakistan. Despite these tensions, equity investors appear increasingly focused on solid corporate earnings fundamentals.

Analysts have revised revenue growth expectations upward for the quarter, led by strong performance in the technology and financial sectors. Current projections suggest annual earnings growth of 18.6% for 2026, reflecting a resilient corporate landscape despite macroeconomic uncertainties.