Today’s Market Recap:Peace Deal Lifts US Stocks to Records; Snowflake Jumps 36%, Dell Soars 40% After Hours
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U.S. stocks closed at record highs, influenced by unconfirmed reports of a peace agreement near the Strait of Hormuz and strong corporate earnings. The S&P 500 and Nasdaq Composite saw gains. Dell's stock surged nearly 40% on strong AI revenue and raised guidance. Oracle, Microsoft, and Snowflake also experienced significant stock price increases. U.S. PCE inflation rose 3.8% year-on-year in April, a three-year high, with core inflation at 3.3%, amidst stagnant consumer spending and revised lower Q1 GDP, intensifying stagflation risks. Anthropic secured $65 billion in Series H funding, reaching a $965 billion valuation.
Tracking the Market Trend
TradingKey - U.S. stocks edged higher on Thursday, with all three major indexes hitting record highs, buoyed by news of a breakthrough in a peace agreement following a second round of military strikes between U.S. and Iranian negotiators near the Strait of Hormuz.
The Dow Jones Industrial Average closed slightly higher, just above the flat line. The S&P 500 rose 0.6%, and the Nasdaq Composite gained 0.9%, recovering earlier losses.
In individual stocks, Oracle (ORCL) surged 6.6%, and Microsoft (MSFT) rose 3.5%, following reports that it will release a new coding model next week. Cloud storage giant Snowflake (SNOW) signed a major procurement contract with AWS, sending its stock soaring 36%. Marvell (MRVL) rose 3% after its earnings report. Dell's stock price jumped nearly 40% in after-hours trading on Thursday.
Regarding oil prices, Brent crude futures were around $93 per barrel, while West Texas Intermediate crude fell below $90 per barrel.
On the economic data front, the Federal Reserve's preferred inflation gauge—the Personal Consumption Expenditures Index—rose 0.4% in April, slightly below expectations.
Market Headline
Iran has not yet confirmed any text of the memorandum of understanding, and claims from Western sources are unreliable.
According to Iranian media reports, the text of the Iran-US memorandum of understanding has not been finalized, and Iran has not agreed to it. The report states that Iran has not yet confirmed with the Pakistani mediators that the text has been finalized. If finalized, Iran will formally notify Pakistan and release it to the public. Until then, any claims from Western sources that the agreement has been finalized are "unreliable."
US PCE inflation surged to a three-year high in April, with weak consumption and a downward revision of economic growth fueling stagflation risks.
The US PCE price index rose 3.8% year-on-year in April, a three-year high, while the core index accelerated to 3.3% year-on-year. Meanwhile, consumer spending remained almost stagnant, and coupled with a downward revision of first-quarter economic growth, signals of stagflation continue to intensify.
Dell's Q1 revenue grew 88%, with AI revenue surging 757%, and its full-year guidance was significantly raised, sending its stock price soaring nearly 40% in after-hours trading.
Dell reported revenue of $43.8 billion in its first fiscal quarter of 2027, a record high, representing an 88% year-over-year increase. GAAP diluted earnings per share were $5.24, a 282% year-over-year increase. AI server revenue reached $16.1 billion, a staggering 757% year-over-year increase, with total AI orders reaching $24.4 billion in the quarter. The company raised its full-year AI server revenue guidance to $60 billion, and its full-year revenue midpoint jumped to $167 billion, sending its stock price soaring nearly 40% in after-hours trading.
Anthropic completes Series H funding round with a post-money valuation of $965 billion, surpassing OpenAI, and co-launches the largest private credit chip financing deal in history.
Anthropic has completed a $65 billion Series H funding round, bringing its post-money valuation to $965 billion, surpassing OpenAI's $852 billion valuation after its March funding round. The round was led by Altimeter and Sequoia Capital, with participation from Blackstone and others, and also includes a $15 billion commitment for hyperscale data centers and a $5 billion investment from Amazon. Simultaneously, Anthropic, together with Apollo and Blackstone, launched a private credit deal worth approximately $36 billion to purchase Google TPU chips through a special purpose vehicle (SPV) and lease them to itself, with Broadcom providing residual value guarantees. This deal is expected to become the largest private credit and chip financing deal in history.
Top 10 Most Traded Stocks
The chart below lists the ten most actively traded stocks on Thursday. With their massive trading volumes and excellent liquidity, these assets have become key benchmarks for tracking global market dynamics.
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