Applied Materials is set to report earnings on Thursday.
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Killik & Co's Weekly Market Update: 8th May
May 8, 2026
Markets were influenced by a potential US-Iran peace agreement, causing oil prices to fluctuate and impacting oil majors like BP and Shell. Airlines, however, lagged due to high fuel costs. The VIX index has fallen, indicating reduced market uncertainty. Strong earnings season, particularly for S&P 500 companies, has supported equity markets, with the MSCI World Index, S&P 500, and Nasdaq reaching new highs. Tech giants like Alphabet, Amazon, Apple, Broadcom, and Nvidia have significantly contributed to the S&P 500's rally. Corporate commentary shows increased mentions of the Middle East and uncertainty, while AI references remain steady. In the UK, local election results led to muted reactions in the FTSE 100 and FTSE 250, partly due to anticipated outcomes and global earnings support. UK gilt yields have risen above 5% due to inflation concerns.
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National Grid will be releasing its earnings on Thursday.
Constellation Energy is mentioned as having an upcoming earnings report on Monday.
Nvidia is one of the five stocks contributing significantly to the S&P 500's recent rally.
Broadcom is one of the five stocks contributing significantly to the S&P 500's recent rally.
Apple is one of the five stocks contributing significantly to the S&P 500's recent rally.
Amazon is one of the five stocks contributing significantly to the S&P 500's recent rally.
Alphabet is one of the five stocks contributing significantly to the S&P 500's recent rally.
Ryanair's stock performance has lagged due to elevated fuel costs, but may benefit from anticipated lower oil prices.
Shell's stock performance was negatively impacted by fluctuating oil prices related to geopolitical developments.
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