Futures: S&P 500 (+0.3%) and Nasdaq 100 (+0.5%) futures rose; Dow futures fell slightly.
Market close: Dow dropped 0.57% (5th straight loss), S&P 500 was flat (-0.04%), Nasdaq barely up (+0.04%).
Oil prices surged due to U.S.–Iran tensions and blockade concerns
Federal Reserve held rates at 3.5%–3.75% (split vote), signaling reluctance to cut due to inflation
Key data ahead: GDP and PCE inflation
More earnings incoming (Apple, Caterpillar, etc.)
Alphabet (+7%) and Amazon (+4%) rose on strong earnings and cloud growth.
Microsoft was flat despite solid results and 40% cloud growth.
Meta fell ~6% due to weak user growth and lower-than-expected capex.
Qualcomm (+13%) surged on strong earnings and data center chip plans.
Carvana (+8%) jumped on strong sales outlook.
Ford was flat but raised guidance.
KLA (-10%) dropped on weak guidance.
Teladoc (-11%) fell on a wider-than-expected loss.
Equinix (-3%) slipped as outlook disappointed.
Chipotle (+3%), Sprouts (+5%), O’Reilly (+4%), Wyndham (+4%) gained on solid results.
Disney not spinning off ESPN — report
LHN, Coliwoo expect higher earnings for 1HFY2026 ended March
NXP posts record 25% gain as stronger auto market boosts outlook
TOTM Technologies Limited (TOTM Technologies)
announced that its wholly owned subsidiary, TOTM Labs Pte Ltd (TOTM Labs) has launched TOTM.AI.
Cosco’s profit drops by half as lower freight rates bite
Hong Kong bourse posts record profit on listings, trading
Hong Leong Asia offers 50 mil new shares at $2.90 each
CapitaLand Investment’s fee-related revenue up 10% y-o-y in 1QFY2026
DBS
Net profit rose 1% YoY and 24% QoQ to $2.93B, in line with expectations.
Return on equity (ROE) was strong at 17%.
Declared 66¢ dividend + 15¢ capital return
Gamuda’s JV secured a RM5.98B Sabah water project (plant + pipelines).
Salutica to cut ~53% of workforce (~250 jobs) to improve efficiency.
CelcomDigi, Maxis, and YTL each injected RM202M more into DNB for 5G rollout.
MyNews appointed a new director linked to major shareholder.
Metronic plans RM33M property acquisition for recurring income.
UOA REIT scrapped RM200M acquisition after unitholder rejection.
Axis REIT: +8.3% income, steady operations.
IGB REIT & IGB Commercial REIT: strong NPI growth, higher rents and occupancy.
DPS exploring ~US$1.1B AI data centre project with Alibaba-linked partner.
DXN profit fell 25% due to higher costs and forex losses.
Thank you
