Software ETF Jumps 6.4%, Nasdaq Gains 2% as AI Stocks Outpace Macro Headwinds
AI-driven software and tech stocks surged, with a leading software ETF climbing 6.4% and the Nasdaq rising 2%. Strong Q1 bank earnings from JPMorgan, Bank of America, and Morgan Stanley—paired with cooling wholesale inflation—fueled the rally. Economists warn a Middle East energy disruption could rival the 1970s oil crisis, creating a split market outlook.
Salvado•