Stocks are modestly higher around midday, which is being supported by fresh all-time highs in the PHLX Semiconductor Index and continued evidence of AI demand via HPE earnings.

Tech led a narrow rally to new record highs to start the week, and investors now wait for earnings from Palo Alto Networks today and Broadcom tomorrow. Job openings data also loom.

The Aussie Dollar has gained ground as the Reserve Bank of Australia raised rates this year.

While jobs data is prevalent in coming days, earnings from chip giant Broadcom on Wednesday keep tech in focus, too. Nonfarm payrolls loom Friday, and Nvidia's Huang speaks today.

All the majors hit fresh all-time highs this week as Iran peace hope, a 10% drop in oil prices and falling Treasury yields provided a bullish backdrop. Strong earnings reports from Dell, Marvell, and Snowflake also provided a sentiment boost.

Today's April PCE report could indicate if energy prices are affecting core inflation. Additionally, several big firms report, including Dell, with a second GDP estimate also due.

After stocks hit record highs Tuesday, Fed speakers and tech earnings are in focus today, while key inflation and GDP data are on the menu later this week.

Although municipal bonds pay interest that is generally exempt from federal and state income taxes, it's not always free from all taxes.

Stocks start 2026 on a four-day skid after another drop Wednesday amid little news. Trading could be light between the holiday and the weekend. No major data or earnings are due.