Nasdaq Composite Jumps on Earnings Momentum, AI Spending and Mideast Deal Hopes

2 hours ago 1

Gerelyn Terzo

Tue, April 21, 2026 astatine 8:08 AM CDT 4 min read

The Nasdaq Composite (^IXIC) looks acceptable to recapture gains connected Tuesday with each eyes connected Apple (Nasdaq: AAPL) aft CEO Tim Cook announced helium would beryllium stepping down. Tech futures are rising astir 0.3% higher aboriginal Tuesday. President Trump has signaled that a woody betwixt the U.S. and Iran is present taking shape, adding further tailwinds to the markets today. Apple's CEO succession dominates sentiment, but net beats from D.R. Horton and UnitedHealth, Amazon's deepening AI commitment, and a CrowdStrike expert upgrade are besides shaping today's marketplace sentiment. Yesterday, the Nasdaq Composite (^IXIC) 13-session winning streak came to an end, its biggest drawstring of gains since the aboriginal 1990s.

Apple (NASDAQ:AAPL) shares fell astir 1% successful premarket trading aft the institution announced that CEO Tim Cook volition measurement down and beryllium succeeded by John Ternus, Apple's elder vice president of hardware engineering, effectual September 1. Cook volition modulation to enforcement chairman. This marks Apple's archetypal CEO modulation since Cook took implicit from Steve Jobs successful 2011, during which clip Apple's marketplace capitalization grew to implicit $4 trillion. Reddit sentiment turned bullish connected the news, with r/stocks registering a sentiment people of 72 and r/investing scoring 58 astatine highest engagement Monday evening. Apple reports net connected April 30, and Morgan Stanley maintains an Overweight standing with a terms people of $315.

Amazon (NASDAQ:AMZN) is lifting the Nasdaq aft announcing it would put different $5 cardinal successful Anthropic, with full concern perchance reaching $25 billion. South Korea's Kospi deed an all-time precocious partially connected renewed appetite for AI assets pursuing Amazon's Anthropic disclosure. Amazon shares were up astir 3.5% implicit the past week heading into Tuesday, underscoring the broader AI infrastructure buildout driving the Nasdaq's caller run.

The Philadelphia Semiconductor Index has surged 30% successful the past 13 days, the largest rally of this benignant since 2002. The 4 largest scale components person led: Advanced Micro Devices (NASDAQ:AMD) is up 242% successful April, Micron Technology (NASDAQ:MU) has gained 22% successful April, Broadcom (NASDAQ:AVGO) is up 38%, and Nvidia (NASDAQ:NVDA) has added 22%. BTIG's main marketplace technician Jonathan Krinsky has flagged an elevated speechmaking successful the SOX comparative to caller inclination levels arsenic a imaginable near-term caution signal. Separately, OpenAI is moving with consulting firms including Accenture, Capgemini, and PricewaterhouseCoopers to merchantability its AI coding instrumentality Codex to businesses, adding different furniture to the AI commercialization communicative powering spot demand.

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