Wall Street Roundup: Good News, Earnings News

Markets turned risk-on after reports that Iran opened the Strait of Hormuz, prompting a sharp rotation into tech and speculative names. Beaten-down tech stocks registered double-digit weekly gains (notably Oracle, AMD, Palantir, Microsoft and Micron), while Bitcoin rallied roughly 17% in April to about $77.5k. Earnings produced mixed signals: Netflix fell ~9% despite a beat amid soft guidance and leadership change, while banks diverged — Goldman Sachs and Citigroup outperformed on trading and investment banking, Wells Fargo disappointed on net interest income and sold off. The overall tone is optimistic for risk assets as geopolitical tail risks ease, but headline-driven volatility remains as earnings reveal uneven fundamentals across sectors.