Earnings from McDonald's and a monthly tally of layoffs are both in focus this morning, along with the Middle East. Yesterday's fresh record highs came as crude oil tumbled.

Silver Futures for the July expiration (/SIN26) were up 5% in early trading as the Dollar Index ($DXY) tested recent lows.

S&P 500 first quarter 2026 earnings are tracking at nearly 28% year-over-year, with rising profit margins suggesting the strong run could persist.

Stocks are at record highs after Tuesday's chip-led rally. Investors await ADP jobs data and Disney earnings this morning as they mull solid results from Advanced Micro Devices.

The blistering rally continued as crude oil fell 7% on hopes for progress ending the war. Advanced Micro Devices and Disney both rose on earnings, and ADP jobs data was solid.

Winnie Cisar of CreditSights joins Collin Martin to break down today's corporate credit landscape, from inflation and ratings trends to AI spending and private credit risks.

Our outlook on the 11 S&P 500 equity sectors.

News reports said Iran shared a new proposal to end the conflict, helping the market reverse early losses after a hot April. Stocks also got aided by Apple after results impressed.

While it may be too early for a very bullish perspective on the crypto market, even in the depths of winter there is always a dream of spring on the horizon.