Market Overview
The US stock market set more records on Friday as earnings from major companies, including AAPL, exceeded expectations [2]. The market also benefited from easing oil prices, which helped to steady the stock markets around the world. However, inflation remains a concern, with the Personal Consumption Expenditures Price Index (PCEPI) growing at an annualized rate of 8.3 percent in March 2026 [6].
Company News
Meta Platforms acquired humanoid robotics startup Assured Robot Intelligence, strengthening its push into physical AI through its Superintelligence Labs division [1]. NVDA CEO Jensen Huang rejected a forecast that AI will wipe out 50% of entry-level jobs, calling it 'ridiculous' [11]. GOOGL reported strong revenue growth, with every part of its business 'humming' except for Google Network [4].
Economic Outlook
The US Federal Reserve signals a tougher stance, and oil prices are rising, which could impact the market direction [5]. Upcoming reports, including company earnings and job data, will guide the market direction. - The Personal Consumption Expenditures Price Index (PCEPI) is a key measure of inflation. - Oil prices are rising. - The US Federal Reserve is signaling a tougher stance. - Company earnings and job data will be released soon.