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.

May jobs data is out Friday. Hiring has shown resilience despite global instability, said Kevin Gordon, head of macro research and strategy at SCFR, in his look at the week ahead.

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.

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

RSM Chief Economist Joe Brusuelas joins the show to discuss how a "split-screen" economy is being driven by inequality and asset concentration—and more.

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.