Tech Earnings Optimism Powers Stocks Higher

Tech-sector earnings optimism lifted U.S. equity markets, helping the US Tech 100 and other major indexes to grind higher and push the S&P 500 and Nasdaq 100 to new all-time highs. Strength in AI-infrastructure expectations and favorable analyst coverage (notably buy ratings on Micron and SanDisk) supported semiconductor and megacap names, offsetting pressure from a >2% jump in WTI crude that raised inflation expectations and pushed 10-year yields modestly higher. Market participants are pricing a near-zero chance of an imminent Fed rate hike, while earnings season remains constructive with roughly 80% of early reporters beating Q1 estimates. Overall the piece is market commentary explaining that AI-driven earnings hopes power a bullish tone despite oil-driven inflation concerns.