04/05/2026 Daily Reports
Nasdaq Hits Record on Apple Boost as Oil Surges Above $110 Amid Hormuz Escort Operation
- Nasdaq Composite reached a new record, adding 0.9% to close at 25,114.44. The index was lifted by Apple, which rallied 3.3% after delivering stronger-than-expected profits. As the market enters a week packed with over 100 corporate earnings reports, investor attention remains heavily focused on the surging scale of artificial intelligence capital expenditures, which are now projected to reach $751 billion in 2026.
- DAX index recorded a subdued trading session, edging 0.1% higher to 24,303.77. Broader European equities saw mixed results as traders navigated thin regional liquidity, exacerbated by the closure of British markets for a public holiday. The Frankfurt exchange maintained a slightly positive trajectory, tracking the recent tech-led rally on Wall Street despite lingering inflationary threats tied to elevated global energy costs.
- Nikkei 225 equity market was officially closed on Monday in observance of the Golden Week national holidays, resulting in thin trading conditions. Prior to the holiday, the index had closed at 59,513. Despite the equity market closure, Japanese financial assets remained in focus due to sharp currency volatility. The yen fluctuated near 156.92 against the U.S. dollar as traders assessed the impact of an estimated $35 billion in official currency intervention by Japanese authorities last week.
- Brent crude oil experienced a sharp rebound, jumping $2.23 to trade at $110.40 per barrel. The price surge was a direct reaction to the U.S. launching “Project Freedom,” a new military operation deploying guided-missile destroyers to escort stranded commercial ships through the Strait of Hormuz. Iran publicly rejected the U.S. maritime plan but noted it is reviewing proposals to end the conflict, leaving hundreds of tankers idling across the Gulf due to the severe shipping bottleneck
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