Your Evening Briefing

April 09, 2026

Stocks continue winning streak on ceasefire optimism

The S&P 500 rose for the seventh-consecutive session, its longest winning streak since October. The Nasdaq 100 and Russell 2000 climbed as well as reports of an agreement between Israel and Lebanon to begin negotiations raised optimism for a sustained ceasefire.

Amazon, which surged after the company disclosed that its cloud unit’s AI revenue run rate topped $15 billion in the first quarter of 2026, helped power consumer discretionary to today’s best performing sector. Energy was the worst performer as oil rose, but pared earlier gains.

Stocks that moved higher:

CoreWeave rose after announcing that it’s significantly boosting its sales of AI computing capacity to Meta.
Sandisk spiked as Bernstein boosted its earnings estimates for the company, with analysts raising their price target to $1,250 from $1,000, the most optimistic view of the 23 analysts polled by Bloomberg.
Infleqtion spiked after announcing that it’s providing upgraded quantum hardware to the International Space Station. In its 2025 results released after the close yesterday, the quantum computing company said it’s aiming to book $40 million in sales this year.
Intel rose on news of a bigger partnership with Google for AI chips.
STAAR Surgical skyrocketed after the company announced that its Q1 2026 net sales are expected to be over $90 million, exceeding analysts’ expectations of $71 million.
BlackBerry gained after its fiscal Q1 2027 and full-year sales guidance exceeded estimates.

Stocks that moved lower:

Software stocks Palantir, ServiceNow, Adobe, Salesforce, Workday, GitLab, and Atlassian fell as ebbing geopolitical risks prompted a renewed focus on long-term disruption.
Despite delivering a massive beat on Q3 sales and adjusted EBITDA after the bell yesterday, Applied Digital’s stock ran into some overhead resistance.
Cybersecurity stocks CrowdStrike, Zscaler, Cloudflare, and Palo Alto Networks sank as investors were spooked by powerful new AI models from OpenAI and Anthropic, which could overwhelm current cyber defenses.

More babies are now born to parents over 40 than under 20 in the US

The nation’s fertility rate just hit another record low, as more young people delay, or skip, starting a family.

Read more.

OpenAI’s Stargate shrinks further as UK data center “paused”
Citing high energy costs, OpenAI said it would be pausing Stargate UK. The move is the latest downsizing of the ambitious global data center plan.
American Airlines joins the flock, hiking bag fees amid higher jet fuel prices
American joins JetBlue, Delta, Southwest, United, and WestJet in hiking the cost to check a bag.

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