Risk-on tone overnight as Iran de-escalation lifts equity futures and pressures crude. All eyes on Palantir after the close, AMD on Tuesday, and Friday's nonfarm payrolls. VIX prints sub-17 with breadth confirming the tape — but a 4.35% 10Y is still the line in the sand.
Regime: Risk-On / Trend-Following. The S&P 500 and Nasdaq 100 printed new all-time highs into Friday's close on the back of strong Mag-7 prints (Apple +3% on Q2 guide, Atlassian +29%) and a 27.1% blended Q1 earnings growth rate with 63% of the index reported. Overnight, futures grind higher as Iran signals openness to Washington's 14-point counter-proposal — crude is giving back risk premium and Treasury yields are easing. The setup favors continuation, but a fresh 4.35% 10Y print and Friday's NFP keep a left-tail bid in volatility.
| Ticker | Company | Time | EPS Cons. | Rev Cons. | YoY Growth | Guide Flag |
|---|---|---|---|---|---|---|
| PLTR | Palantir Technologies | Mon AMC | $0.28 | $1.54B | +74% rev | Watch FY guide raise |
| AMD | Advanced Micro Devices | Tue AMC | $1.29 | $9.89B | +33% rev | MI400 ramp commentary |
| VRTX | Vertex Pharmaceuticals | Mon AMC | $4.32 | $2.81B | +9% rev | CASGEVY uptake |
| UBER | Uber Technologies | Wed BMO | $0.71 | $11.62B | +15% rev | Mobility takes / AV |
| DIS | Walt Disney | Wed BMO | $1.18 | $23.10B | +5% rev | DTC subs / Parks |
| SHOP | Shopify | Wed BMO | $0.34 | $2.34B | +25% rev | GMV trajectory |
| MCD | McDonald's | Thu BMO | $2.65 | $6.05B | +1% rev | US comps / value menu |
| BRK.B | Berkshire Hathaway | Reported Sat | — | — | Net inc 2x | Cash pile $325B+ |
| Day | Time (ET) | Release | Period | Consensus | Prior |
|---|---|---|---|---|---|
| MON 5/4 | 10:00 | Factory Orders | Mar | +0.5% | +0.2% |
| MON 5/4 | 10:00 | ISM Services PMI | Apr | 52.4 | 52.0 |
| TUE 5/5 | 08:30 | International Trade Balance | Mar | -$70.5B | -$72.4B |
| TUE 5/5 | 10:00 | JOLTS Job Openings | Mar | 7.30M | 7.19M |
| WED 5/6 | 08:15 | ADP Employment | Apr | +135K | +155K |
| THU 5/7 | 08:30 | Initial Jobless Claims | w/e 5/3 | 225K | 218K |
| THU 5/7 | 08:30 | Q1 Productivity & Costs (Prelim) | Q1 | +1.6% | +1.5% |
| FRI 5/8 | 08:30 | Nonfarm Payrolls | Apr | +165K | +228K |
| FRI 5/8 | 08:30 | Unemployment Rate | Apr | 4.1% | 4.1% |
| FRI 5/8 | 08:30 | Avg Hourly Earnings (m/m) | Apr | +0.3% | +0.3% |
Fed: No FOMC this week (last meeting concluded April 28-29 with rates held at 3.50%-3.75% and 1 cut still penciled for 2026). Next meeting: June 16-17. Multiple Fed speakers cross the tape Tue-Thu — Powell silent.
YTD 2026 IPO count: 121 (+7.1% vs same time 2025). Issuance window remains favorable; biotech and AI-infra dominating mix.