US stock open higher: S&P eyes new ATH, Dow jumps 0.3%

• President Trump indicated Iran conflict may be 'very close to over', helping the S&P 500 erase all losses since the conflict began in late February and approach its Jan. 28 record high of 7,002.28
• Morgan Stanley beat expectations with Q1 EPS of $3.43 versus $3.00 estimate and revenue of $20.58B versus $19.72B, rising over 2% on strength in equity sales and trading
• Broadcom gained 2% after Meta expanded its partnership to deploy custom chips using Broadcom's technology, supporting the tech sector's continued rally

Market Summary

Market Performance:

US equities opened higher on Wednesday, April 15, 2026, with the S&P 500 rising 0.2% and approaching a new all-time high. The Nasdaq Composite gained 0.3%, while the Dow Jones Industrial Average jumped 157 points (0.3%). The S&P 500 neared its previous record of 7,002.28 set on January 28, marking its ninth positive session in 10 days. The Nasdaq extended its rally to 10 consecutive days of gains.

Key Drivers:

Market sentiment improved on optimism surrounding potential diplomatic resolution of the Iran conflict. President Trump indicated negotiations were underway, stating the conflict is "very close to over" and that Iran wants to make a deal. The S&P 500 has erased all losses incurred since the conflict began in late February.

Company-Specific Developments:

• Broadcom (AVGO): Rose 2% after Meta Platforms expanded its partnership to deploy custom chips using Broadcom's technology, boosting the tech sector.
• Morgan Stanley (MS): Climbed over 2% after reporting Q1 earnings of $3.43 per share versus $3.00 expected, with revenue of $20.58 billion versus $19.72 billion forecasted.
• Bank of America: Also beat expectations, supported by strong equity sales and trading performance.

Market Implications:

The rally reflects easing geopolitical concerns, strong bank earnings, and continued tech sector strength. Financial stocks benefited from better-than-expected quarterly results, while semiconductor and technology stocks led gains. Investors remain focused on Iran developments as a potential further catalyst for equities.

AI Sentiment: 78/100 Bullish