"The Nasdaq Composite is looking at a 12.8% gain for the month of April if it can hold on to current levels, reflecting investor optimism despite current uncertainties."
"Corporate America's appetite for capital spending showed no signs of cooling in March, with core capital goods orders surging 3.3%, the sharpest monthly climb in five years."
"Oil prices pushed higher on renewed fears of prolonged shipping disruption through the Strait of Hormuz, with Brent crude briefly clearing $115 a barrel."
The market opened lower as investors awaited significant economic announcements, including the Federal Reserve's rate decision and earnings from major tech companies. The Nasdaq Composite is poised for a notable monthly gain if current levels are maintained. Amazon's partnership with OpenAI and strong capital goods orders indicate robust corporate spending. However, rising oil prices and geopolitical tensions add uncertainty to the market outlook, particularly with OPEC's recent changes and shipping disruptions in the Strait of Hormuz.
Read at 24/7 Wall St.
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