Markets & Economy
Rally in U.S. equities and AI‑driven names
U.S. stocks are extending a strong rally. The S&P 500 has notched a fourth straight weekly gain and multiple record highs, with April gains of about 10%. Investors are favoring technology, energy, commodities and high‑beta growth stocks, while rotating out of more defensive sectors and non‑U.S. equities.
A live market wrap notes that U.S. megacap tech and AI‑exposed firms remain key drivers. One major cloud‑and‑AI vendor is valued above $3.2 trillion, supported by robust double‑digit revenue growth.
Not all names are benefiting: some consumer and “story” stocks face heavy pressure. Beyond Meat has lost more than half its value since late 2025 and now trades below $1, highlighting investor skepticism about its turnaround prospects.
In semiconductors, equipment leader ASML reported stronger‑than‑expected Q1 net sales of about €8.8 billion and raised its 2026 outlook, underscoring sustained capital spending on advanced chip fabrication linked to AI and high‑performance computing demand.
Sources: Seeking Alpha,
TS2 – Markets,
TS2 – Technology