In the run-up to tech earnings, stocks hold a record – US Market Wrap

Stocks remained at record highs ahead of a slew of megacap earnings that will test whether April’s advance is sustainable, while traders also awaited information from major central banks on the economic consequences of the Iran war.
While equity gains were more muted due to an increase in oil prices, the market extended its rally, putting the S&P 500 on track for its best month since 2020. Without much information on the geopolitical front, investors waited for findings from a handful of IT behemoths worth over $16 trillion combined, accounting for a quarter of the benchmark gauge’s market valuation.
The White House said US officials are examining Iran’s latest proposal, but there are still red lines on any deal to end the eight-week battle, including stopping Tehran from acquiring a nuclear weapon.
White House Press Secretary Karoline Leavitt announced that Trump had called a meeting of national security officials to discuss an Iranian proposal. The statements came after reports that Tehran had suggested an interim solution in which it would reopen the Strait of Hormuz in exchange for Washington lifting its port embargo.