News: The S&P and NASDAQ hit new all-time highs after a significant rally. Strong earnings reports from PepsiCo (up 2.2% today) and Taiwan Semi (down 2.3% today, despite strong results) are contributing factors. Charles Schwab fell 4.9% after meeting, not exceeding, earnings expectations. Economic indicators like initial jobless claims and the Philadelphia Fed Manufacturing Index point to continued economic strength. Oil prices are up 2%, while Bitcoin is flat at $74.1K. Momentum and growth stocks are leading the market rally.
AI Analysis: The market demonstrates resilience and positive momentum, driven by economic strength and corporate earnings. Despite some individual stock reactions to earnings, the overall trend remains bullish, with sellers unwilling to challenge the upward trajectory.
