WS #8377
The dominant signal in this window is a wave of after-hours earnings reports and corporate announcements, with Snowflake's $6B AWS deal and strong guidance driving a 33% surge, while Salesforce's mixed results and Marvell's outlook create nuanced tech sector signals. Geopolitical noise includes unconfirmed reports of a US-Iran MOU and Trump's Strait of Hormuz statement, but no material escalation. Fed hawkishness persists with Cook's rate hike warning. The narrative arc is STABLE on geopolitics, with tech earnings providing the primary market-moving catalyst.
Key developments
- Snowflake signs $6B AWS deal, Q1 results beat, stock surges 33% after-hours
- Fed Governor Cook warns inflation headed wrong direction, prepared to raise rates
- Unconfirmed reports of US-Iran MOU including end of war and respect for sovereignty
- Agilent Technologies raises full-year guidance, stock +11% after-hours
- Salesforce Q1 revenue guidance misses estimates, but raises full-year EPS guidance
- Marvell Technology beats Q1, guides above consensus but stock slips 1% after-hours
- Google engineer charged with insider trading on Polymarket
- Perella Weinberg plans to cut 10% of workforce