The US market on April 23: overview and forecast. Quotes have reached highs

Our comments and expectations

External backdrop. The United States is refraining from new strikes on Iran, but no clear timeline for extending the ceasefire has been set. The situation around the Strait of Hormuz remains unstable. Washington continues to pressure Iranian exports by intercepting tankers near South Asia. Markets remain sensitive due to uncertainty around negotiations and energy transport.

Macro. Thursday’s data is unlikely to drive markets but will be important for assessing the economy. Jobless claims are expected at 210k. S&P Global PMI data will be in focus. Chicago Fed will release CFNAI.

Earnings. Reports expected from Blackstone, American Express, Lockheed Martin and others before the open, and Intel, SAP after.

Markets. Futures are down. Risk balance is neutral. Support for S&P 500 is 7050, resistance near 7140.

Premarket highlights

• Tesla −2% after earnings; Elon Musk raised capex plans.
• United Rentals +13%.
• Texas Instruments +11%.
• CSX +7%.
• ServiceNow −11%.
• IBM −7%.
• Southwest Airlines −2%.

Market recap

On April 22, markets closed higher:
S&P 500 +1.05%,
NASDAQ 100 +1.73%,
Dow Jones +0.69%.

Growth was concentrated in large caps. Ceasefire extension supported sentiment. Tech and AI-related stocks led gains, including Apple, Amazon, and Alphabet.

Company news

• GE Vernova +13.8%.
• Teleflex buyout bid.
• Masco +10.8%.
• Boeing +5.5%.
• Adobe buyback program.
• Robinhood investment in OpenAI.
• United Airlines −5.6%.
• Vertiv −2.3%.