Trending stocks this week as markets hit new highs while Middle East tensions persist
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Wall Street's major averages surged to new highs, with the S&P 500 gaining 4.5%, Nasdaq up 6.8%, and Dow increasing 3.2%. Positive developments in the Middle East, including a ceasefire, boosted investor sentiment. Goldman Sachs reported strong Q1 earnings, while Netflix's outlook disappointed. Hims & Hers shares rose on potential regulatory changes, while Alcoa fell after missing earnings estimates. Allbirds soared over 580% after pivoting to AI infrastructure. Bloom Energy and Broadcom announced significant partnerships in AI, while Dow and LyondellBasell faced losses due to falling energy prices.
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