Nasdaq Logs Longest Win Streak Since 2021

Wall Street continued to brush off fears of a rise in geopolitical tensions, remaining optimistic that another round of possible peace talks between Iran and the U.S. could result in a deal to end the war. A surge in Big Tech also aided today's gains, sending the Nasdaq to its 10th straight daily gain -- a feat not seen since November 2021. The S&P 500 enjoyed its highest close since February and is now near record highs, after wiping war-related losses. The Dow also marked a healthy win, while the Cboe Volatility Index (VIX) suffered a fifth-straight loss, its longest losing streak since December.

• Options red-hot on fan-favorite META stock. 
• Aerospace stock could have more gains on the way.
• Plus, Amazon's latest buy; behind CRDO's surge; and stocks ripe for a short squeeze.

5 Things to Know Today

1. JPMorgan Chase ((JPM) CEO Jamie Dimon warns that AI tools could be making companies more susceptible to cyber attacks. (CNBC)
2. Data suggests that the U.K. will likely suffer the biggest economic hit from the U.S.-Iran war. (Bloomberg)
3. Unpacking Amazon's acquisition of satellite giant Globalstar.
4. Semiconductor stock just logged its ninth win in 10 sessions.
5. Short sellers are also flocking to satellite stocks.

Oil Prices Pull Back on Peace Talk Buzz

Peace talk rumors between the U.S. and Iran triggered a tumble in crude prices. Front month, May-dated West Texas Intermediate (WTI) fell roughly 8% to finish at $91.28 per barrel.

A weakening U.S. greenback pushed gold prices higher this afternoon. April-dated gold rose 1% to finish at $4,815.40 an ounce.