Midday Need to Know: Jobless claims beats estimates, Pinterest invests in AWS & more

Markets opened mixed as investors digested disappointing Broadcom results and lingering geopolitical risk in the Middle East. The S&P 500 was up modestly (~0.2%) while oil and Treasury yields retraced earlier gains, easing some commodity-related upside pressure. Tech names showed uneven performance after Broadcom’s guidance miss, weighing on the Nasdaq even as the Dow rallied on defensives. Other market drivers included stronger-than-expected jobless claims and corporate developments such as Pinterest’s $4 billion AWS deal aimed at shoring up AI-driven search and engagement. SPY traded near 756, reflecting modest intraday inflows and resilient large-cap breadth. Overall, the note paints a mixed near-term outlook: headline risk and earnings guidance are creating volatility, while macro data and liquidity conditions keep indices within a narrow range.