News Bulletin
Thursday, May 07, 2026
Evening Edition

Economic Numbers:

Time	Event	Actual	Forecast	Previous
Thursday, May 7, 2026
8:30	Initial Jobless Claims	200K	205K	190K
8:30	Nonfarm Productivity (QoQ) (Q1)	0.80%	0.70%	1.60%
8:30	Unit Labor Costs (QoQ) (Q1)	2.30%	2.60%	4.60%
8:30	Continuing Jobless Claims	1,766K	1,800K	1,776K
11:00	NY Fed 1-Year Consumer Inflation Expectations (Apr)	3.60%		3.40%
12:10	Atlanta Fed GDPNow (Q2)	3.70%	3.70%	3.70%
15:00	Consumer Credit (Mar)	24.86B	12.50B	8.85B

Indices

	CLOSE	50 DMA	200 DMA
DJIA	49,596.97	47,873.19	47,308.63
NASDAQ	25,806.20	23,135.27	22,800.75
S&P 500	7,337.11	6,846.90	6,749.31

Earnings Calendar:

(EPS: Earning Per Share / Rev: Revenue / Mkt Cap: market Capital/ BMO: Before Market Opening /AMC: After Market Close)

COMPANY	EPS Act	EPS Fore	Rev Act	Rev Fore	Mkt Cap	Time
McDonalds MCD:US	2.83	2.77	6.52B	6.49B	$204.45B	AM
Gilead Sciences GILD:US		1.9		6.91B	$167.57B	PM
Howmet Aerospace HWM:US	1.22	1.1	2.31B	2.24B	$114.41B	AM
McKesson MCK:US		11.57		101.36B	$96.1B	PM
Airbnb ABNB:US		0.31		2.62B	$88.21B	PM
Monster Beverage MNST:US		0.53		2.16B	$79.67B	PM
Motorola Solutions Msi MSI:US		3.24		2.7B	$72.22B	PM
Vistra Corp VST:US	1.31	1.32	5.64B	5.57B	$68.1B	PM
Republic Services RSG:US		1.67		4.11B	$63.2B	PM
Datadog DDOG:US	0.6	0.5	1B	959.94M	$63.19B	AM
Grainger GWW:US	11.65	10.19	4.7B	4.56B	$61.74B	AM
Sempra Energy SRE:US	1.51	1.49	3.66B	4.16B	$58.03B	AM
Cheniere Energy LNG:US	-16.65	3.91	5.87B	5.27B	$57.92B	AM
Targa Resources TRGP:US	2.5	2.47	4.09B	5.31B	$56.18B	AM
Microchip Technology MCHP:US		0.5		1.26B	$54.31B	PM
Coinbase Global COIN:US		0.35		1.59B	$48.92B	PM
Becton, Dickinson and Co. BDX:US	2.9	2.78	4.7B	4.67B	$43.59B	AM
Zoetis ZTS:US	1.53	1.61	2.3B	2.31B	$40.48B	AM
Consolidated Edison ED:US		2.29		5.05B	$37.66B	PM
Kenvue Inc KVUE:US	0.32	0.31	3.91B		$33.97B	AM
EchoStar SATS:US		-0.47		3.66B	$33.65B	AM
Expedia EXPE:US		1.33		3.34B	$31.9B	PM
Tapestry TPR:US	1.66	1.28	1.92B	1.76B	$30.44B	AM
Cheniere Partners CQP:US	0.19	1.1	3.6B	2.71B	$29.77B	PM
Mettler Toledo International MTD:US		8.7		942.3M	$28.42B	PM
MACOM Technology Solutions MTSI:US	1.09	1.07	289M	285.16M	$23.63B	AM
Corpay FLT:US		5.46		1.21B	$21.29B	PM
Viatris VTRS:US	0.59	0.52	3.52B	3.35B	$19.47B	AM
Evergy EVRG:US	0.69	0.68	1.44B	1.2B	$18.88B	AM
Trade Desk TTD:US		0.121		689.66M	$18.36B	PM
Carlyle CG:US	0.89	1.1	254M	1.07B	$17.61B	AM
Akamai AKAM:US		1.61		1.07B	$17.46B	PM
Insmed INSM:US	-0.76	-0.99	305.96M	300.94M	$16.27B	AM
Lamar Advertising LAMR:US	1	0.9	528M	524.98M	$15.04B	AM
Reinsurance Of America RGA:US		6.07		6.38B	$14.1B	PM
Gen Digital SYMC:US		0.65		1.24B	$12.72B	PM
Somnigroup International TPX:US	0.59	0.6	1.8B	1.83B	$12.42B	AM
Globus Medical GMED:US		0.9		739.83M	$12.16B	PM
Wynn Resorts WYNN:US		1.27		1.81B	$11.97B	PM
Primo Brands Corporation (US) COT:US	0.23	0.19	1.63B		$11.94B	AM
AAON AAON:US	0.48	0.45	496.94M	368.33M	$11.68B	AM
Texas Roadhouse TXRH:US		1.81		1.64B	$10.61B	PM
Arrow Electronics ARW:US	5.22	2.35	9.48B	7.55B	$10.09B	AM
Charles River Laboratories CRL:US	2.06	1.93	995.8M	980.73M	$9.72B	AM
Arrowhead Research ARWR:US	-0.93	-1.04	73.74M	71.51M	$9.68B	PM
Dillards DDS:US		10.04		1.54B	$8.86B	AM
Chart Industries GTLS:US		2.47		1.12B	$8.78B	AM
ESCO Technologies ESE:US		1.69		301.6M	$8.78B	PM
Middleby MIDD:US	2.16	1.97	839.9M	797.94M	$8.5B	AM
Nexstar Broadcasting NXST:US	5.09	4.45	1.4B	1.27B	$6.89B	AM
Paramount Skydance CBS:US					$6.81B
GATX GATX:US	2.35	2.29	583.7M	600.72M	$6.65B	AM
Installed Building Products IBP:US	1.79	1.98	660.5M	670.77M	$6.44B	AM
Teleflex TFX:US	1.39	1.55	548.3M	561.2M	$6.34B	AM
Post POST:US		1.76		2.08B	$6.29B	PM
Lincoln National LNC:US	1.6	1.69	5.31B	4.99B	$6.19B	AM
Paylocity PCTY:US		2.58		489.91M	$6.03B	PM
Terreno Realty TRNO:US		0.34		122.79M	$5.85B	AM
EPAM Systems EPAM:US	2.86	2.75	1.4B	1.4B	$5.83B	AM
News NWS:US		0.19		2.11B	$5.82B	PM
MarketAxess MKTX:US	2.25	2.12	233M	230.48M	$5.76B	AM
Lyft LYFT:us		0.071		1.65B	$5.7B	PM
Outfront Media OUT:US		0.01		420.19M	$5.39B	PM
Diodes DIOD:US		0.31		376.55M	$5.37B	PM
Axcelis Technologies ACLS:US	0.72	1.01	199M	207.23M	$5.28B	PM
Nelnet NNI:US		2.57		443.8M	$5.23B	PM
BGC Partners BGCP:US	0.41	0.35	955.5M	831.77M	$5.2B	AM
PTC Therapeutics PTCT:US		-0.43		223.54M	$4.97B	PM
Fortune Brands Innovations FBHS:US		0.61		1.03B	$4.9B	PM
ACI Worldwide ACIW:US	0.61	0.28	426M	410.12M	$4.89B	AM
Hannon Armstrong Sustnbl Infrstr Cap HASI:US		0.69		110.9M	$4.86B	PM
MDU Resources MDU:US	0.39	0.39	606M	678.96M	$4.58B	AM
International Bancshares IBOC:US	1.64	1.69			$4.53B	PM
RingCentral RNG:US		1.17		642.73M	$4.4B	PM
Trex TREX:US	0.59	0.51	343M	341.21M	$4.36B	AM
Griffon GFF:US	1.05	1.25	421.86M	606.57M	$4.35B	AM
Synaptics SYNA:US		1.01		285.7M	$4.23B	PM
Power Integrations POWI:US		0.22		106.2M	$4.15B	PM
Maximus MMS:US	2.07	2.02	1.31B	1.37B	$4.13B	AM
Ligand Pharmaceuticals LGND:US	1.63	1.82	51.72M	59.38M	$3.75B	AM
Avient AVNT:US	0.83	0.81	847M	844.5M	$3.54B	AM
Olin OLN:US		-0.73		1.6B	$3.32B	PM
Howard Hughes HHC:US		0.24		192.52M	$3.26B	PM
ICU Medical ICUI:US		1.76		522.3M	$2.98B	PM
Haemonetics HAE:US	1.29	1.27	346M	337.03M	$2.92B	AM
Netscout Systems NTCT:US	0.52	0.62	203.31M	198.65M	$2.78B	AM
HUB HUBG:US		0.39		885.76M	$2.72B	PM
Spectrum Brands SPB:US	1.25	1.02	708.9M	683.24M	$2.39B	AM
Insights NSIT:US	2.88	2	2.13B	2.12B	$2.37B	AM
Six Flags FUN:US	-2.57	-2.86	225.63M	205.99M	$2.29B	AM
Perdoceo Education CECO:US					$2.27B	PM
Celldex Therapeutics CLDX:US		-1.19		874.9K	$2.22B	PM
DXC Technology DXC:US		0.71		3.15B	$2.14B	PM
Peloton Interactive pton:us	0.06	0.074	631M	619.16M	$2.06B	AM
Ziff Davis ZD:US		1.06		325.74M	$2.03B	PM
Yelp YELP:US		0.26		353.47M	$1.98B	PM
Innospec IOSP:US		1.19		459.19M	$1.94B	PM
Weis Markets WMK:US					$1.89B
PDF Solutions PDFS:US		0.21		59.7M	$1.83B	PM
Walker & Dunlop WD:US	1.02	0.26	301.3M	266.76M	$1.82B	AM
Veris Residential CLI:US				67.94M	$1.76B	PM
Topgolf Callaway Brands ELY:US		0.25		651.45M	$1.7B	PM
Arbor Realty ABR:US		0.15		109.59M	$1.56B	AM
TripAdvisor TRIP:US	-0.11	-0.05	382.4M	387.69M	$1.54B	AM
RPC RES:US	0.03	0.03	454.8M	412.08M	$1.51B	AM
Enovis ENOV:US	0.89	0.82	589M	573.22M	$1.48B	AM
Leggett & Platt LEG:US	0.15	0.25	918M	935.96M	$1.42B	AM
ICF International ICFI:US		1.58		448.39M	$1.39B	PM
NOW DNOW:US	0.01	0.23	1.18B	1.24B	$1.39B	AM
NCR NCR:US	0.1	0.12	606M	610.6M	$1.22B	AM
Tandem Diabetes Care TNDM:US		-0.44		242.09M	$1.21B	PM
Gibraltar Industries ROCK:US	0.45	0.75	356.3M	298.06M	$1.17B	AM
Prospect Capital PSEC:US		0.1		154.31M	$1.14B	PM
Marcus & Millichap MMI:US	-0.08	-0.07	171.5M	165.95M	$1.14B	AM
Papa John's International PZZA:US	0.32	0.36	478.61M	484.73M	$1.06B	AM
XPLR Infrastructure NEP:US	0.35	0.03	292M	310.79M	$1.01B	AM
Fox Factory FOXF:US		0.09		349.67M	$764.1M	PM
Gogo GOGO:US	0.1	0.04	226.3M	234.99M	$580.2M	AM
Par Technology PAR:US		0.06		116.95M	$495.1M	PM

Market News:

Wall Street lost momentum on Thursday and ended lower, as hopes for an imminent peace deal between the U.S. and Iran faded after mixed messaging from Tehran. Those hopes took another hit after a report that Washington was considering restarting an operation to safely guide commercial ships through the Strait of Hormuz.

Just before the closing bell, Iran’s state media reported that the U.S. had attacked an Iranian oil tanker, further weighing on sentiment.

The benchmark S&P 500 index slid 0.4% to close at 7,335.66 points, the tech-heavy NASDAQ Composite shed 0.1% to settle at 25,806.20 points, and the blue-chip Dow Jones Industrial Average slipped 0.6% to conclude at 49,596.60 points.

"The stock market is digesting some pretty heady gains recently. The war trade is unwinding further," Mark Luschini, chief investment strategist at Janney Montgomery Scott, said.

"Big cap tech and tech-adjacent stocks, which had recently resumed their leadership, are rallying again. Risk on sentiment is prevailing in general but overbought conditions may temper the advance in the very near term," Luschini added.

Iran war peace hopes

Washington and Tehran have reportedly been working with mediators on a one-page framework to once again restart talks over a lasting peace deal. The discussions are seen kicking off next week in Pakistan, according to the Wall Street Journal.

The paper added that a monthlong process would then look to resolve disputes over Iran’s nuclear ambitions and relief from sanctions, however key disagreements remain over areas like nuclear enrichment and inspections.

President Donald Trump suggested in remarks at the White House on Wednesday afternoon that the U.S. had "won" the war and that talks with Tehran had been "very good" over the last 24 hours.

Iran, meanwhile, has provided more mixed messaging. Iran’s state media said Tehran was still reviewing the U.S. proposal and had not yet reached a conclusion, citing foreign ministry spokesperson Esmaeil Baqaei. But other media reports cited an Iranian official who described the U.S. peace plan as an American wish list.

According to CNN, Iran is anticipated to give mediators their response by Thursday.

"[I]nvestors appear to be taking the news as a signal that the U.S. and Iran are strongly committed to not letting the conflict escalate again. That alone was enough to propel Wall Street," Kyle Rodda, senior financial market analyst at Capital.com, said.

Oil prices pare losses

Oil prices earlier slipped under $100 a barrel against this backdrop, with traders attempting to determine the outlook for a weeks-long shuttering of the Strait of Hormuz. The U.S. earlier this week paused an effort called "Project Freedom" to safely help commercial ships transit the strait.

CNN also reported that Iran had set up a new protocol for tankers looking to transit the strait, where the ships need to fill out a document titled "Vessel Information Declaration" which was viewed by CNN. The document must be filled out or the ships risk attack, CNN said.

Meanwhile, the Wall Street Journal said Tehran wouldn’t allow the U.S. to reopen the strait with an "unrealistic plan" and then exit the war without paying any reparations "for all the damage inflicted on Iran," citing comments from senior official Mohsen Rezaei.

The WSJ also reported that Saudi Arabia and Kuwait had lifted restrictions on the U.S. military’s use of their bases and airspace, citing U.S. and Saudi officials, paving the way for the Trump administration to restart Project Freedom.

Iran’s state media just minutes before Wall Street’s closing bell said that the U.S. army had attacked an Iranian oil tanker. "Following the attack...the enemy’s units in the Strait of Hormuz came under Iranian missile fire, and after sustaining damage, were forced to flee," state media said.

Against this backdrop, oil prices pared losses through the day and even pushed into positive territory from time to time. Brent crude futures expiring in July, the global benchmark, were last down 0.7% to $100.54 a barrel, while U.S. West Texas Intermediate crude futures expiring in June ticked up 0.4% to $95.44 a barrel.

Energy prices have skyrocketed since the start of the conflict, due largely to the effective closure of the strait, a major thoroughfare for around a fifth of the world’s oil. Despite the latest move downwards, oil prices are still well above pre-war levels.

The energy shock forces gasoline pump prices in the U.S. above $4.50 a gallon, levels not seen since the height of the COVID-19 pandemic in 2022. But Trump has expressed some surprise that oil prices have not moved even higher, telling reporters that he thought they would "go to $200, $250."

Even if crude had reached such heights, he added, the war in Iran would have been "worth it."

More labor market indicators ahead of jobs report

Away from the Middle East, market participants received some more data on the U.S. labor market ahead of Friday’s widely-anticipated April nonfarm payrolls report.

As per Challenger, Gray & Christmas, U.S. job cuts increased 38% M/M to 83,387 in April, the highest total for this month since 2009.

“Technology companies continue to announce large-scale cuts and are leading all industries in layoff announcements. They are also often citing AI spend and innovation. Regardless of whether individual jobs are being replaced by AI, the money for those roles is,” Andy Challenger, chief revenue officer at Challenger, Gray & Christmas, said in a statement.

Separately, the U.S. Department of Labor said the number of Americans filing for initial jobless claims in the past week inched up to 200k, lower than the expected figure of 205k. Conversely, Americans filing for continuing claims eased to 1.776 million.

"U.S. Initial Claims increase to 200K from an upward revision of 190K below the 13-week moving average of 209K. The U.S. labor market remains remarkably stable and the pace of firings relatively low while continuing claims eased to 1.766 million. I expect the April U.S. Jobs Report to show a net change in total employment of 60K and an 4.3% unemployment rate. New jobs will skew towards lower paying employment," Joseph Brusuelas, principal & chief economist at RSM US, said.

Earnings season powers stocks

Turning to earnings, a mostly positive season so far has played its part in helping Wall Street return to record levels.

"Earnings are significantly exceeding consensus estimates across all metrics, despite a high bar. S&P 500 earnings growth is projected to accelerate sharply from 13.4% in Q4 to 24.6% in Q1 – a four-year high and a level rarely seen outside of post-shock recoveries. Excluding special factors, this represents arguably the strongest earnings growth in two decades," Deutsche Bank’s Jim Reid said.

"The AI boom is a clear contributor, but strength is widespread, with double-digit growth seen in average and median companies, and all 11 sectors posting positive growth for the first time in four years. This strong performance has in many places been driven by higher prices amid supply constraints, surging demand within the AI value chain, and other disruptions," Reid added.

The artificial intelligence trade has largely been bolstered by strong quarterly results from hyperscalers such as Alphabet, Microsoft, and Meta, and from major semiconductor players such as AMD and Arm.

"A touch of AI-mania has returned as a theme," Capital.com’s Rodda said.

"It’s not without fundamental justification, with S&P 500 earnings growth nearing 30% for this quarter, led by the big tech names. There are bubbling concerns about concentration risk. However, valuations aren’t as stretched as they were last year, implying the market isn’t quite at irrational exuberance levels yet," Rodda added.

Speaking of Arm, the British chip designer delivered quarterly results and guidance that beat estimates, while touting strong demand for its new AI data center chip launched in March.

U.S.-listed shares of the company initially soared in Wednesday extended trading following the print, but then reversed course after management indicated that necessary supply had not been secured to meet an additional $1 billion in demand for the new AI chip. The stock ended 10.1% lower.

In other earnings-related moves, Coach-owner Tapestry lifted its annual forecast for a third time in 2026, underpinning by solid demand among younger customers. However, the stock slid 12.4%.

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