Earnings, Ceasefire Extension Push Nasdaq, SPX to Record Close

The Nasdaq secured a fresh record close alongside the S&P 500 on Wednesday, with upbeat earnings and an extended ceasefire between the U.S. and Iran driving Wall Street's optimism. The Dow managed a triple-digit pop of its own. A timeline for peace negotiations remains unclear, with Iran seizing two cargo ships off the Strait of Hormuz. Amid today's market rally, the Cboe Volatility Index (VIX) marked its first loss in three sessions. 

• Checking in with Intel stock before earnings.
• Upbeat results pushed Boeing stock higher.
• Plus, T brushes off quarterly win; behind GEV's surge; and software stock delivers big win.

5 Things to Know Today

1. The Trump administration is reportedly in advanced talks for a $500 million financing package for Spirit Airlines, which faced potentially imminent liquidation. (CNBC)
2. Ukraine could receive an over $100 billion, two-year loan from the European Union (EU) to fight Russia after Hungary dropped its veto. (The Wall Street Journal)
3. AT&T stock faltered despite a top- and bottom-line win.
4. There's no stopping GE Gernova stock after its earnings triple play.
5. Subscribers quadrupled their money with Snowflake stock.

Gold, Oil Prices Push Higher

Oil prices settled higher on Wednesday, following news that Iran seized container ships crossing the Strait of Hormuz, while the U.S. naval blockade is still in effect. June-dated West Texas Intermediate (WTI), now the front-month contract, added over 3% to finish at $92.96 per barrel. 

Gold prices moved higher as well, as investors bought the dip and eyed a drop in long-term U.S. Treasury yields. June-dated gold rose 1% to settle at $4,767.70 an ounce.