AI Stock Market News Today

The Financial Stability Board has launched a task force to evaluate the risks retail investors face within the expanding private credit sector. The move comes as institutional-grade assets increasingly become available to non-professional investors.

• FSB task force evaluating retail exposure to private credit
• Private credit market currently valued at $1.8 trillion

Axsome Therapeutics has received FDA approval to market Auvelity for the treatment of agitation associated with Alzheimer's-related dementia. This expansion broadens the therapeutic reach of the drug, which was previously approved for depression.

• FDA approval for Alzheimer's agitation
• Expansion of Auvelity's therapeutic use

The S&P 500 recorded a significant gain of over 10% in April, lifting year-to-date returns above 5%. Market strategists suggest historical data points toward continued upward trajectory for the index.

• S&P 500 monthly gain of 10.4% in April
• Year-to-date returns have climbed above 5%

President Donald Trump has announced that the US naval blockade on Iran will remain in effect. The administration aims to leverage maximum pressure to bring Tehran back to the diplomatic table.

• Naval blockade to remain in place
• Objective is to force Iranian diplomatic engagement

The United Arab Emirates has unexpectedly withdrawn from OPEC, ending years of production coordination. This move positions the Gulf nation as a direct competitor to US shale producers.

• UAE formally leaves OPEC
• Shift from coordinated quotas to independent production

The Federal Open Market Committee maintained interest rates at 3.50%-3.75% but revealed deep internal divisions. A record number of dissents suggests that further rate cuts in 2026 are unlikely, threatening historically high equity valuations.

• Federal funds rate held at 3.50% to 3.75%
• Record 4 FOMC dissents mark a 34-year high in internal division

Exxon Mobil saw a 5% increase in the production of crude oil and related liquids during the first quarter. However, these volume gains were countered by a decline in earnings within the upstream and energy products segments.

• 5% increase in combined production of crude, NGLs, bitumen, and synthetic oil
• Earnings decline in the upstream segment

US equity futures are showing signs of hesitation following the strongest monthly performance since 2020. Investors are weighing a robust revenue outlook from Apple against escalating geopolitical tensions in the Middle East.

• Equity futures waver after record-breaking monthly gains
• Apple provides strong revenue guidance despite hardware shortages

Bitcoin climbed to $77,400 following strong revenue growth from major U.S. technology firms. However, hawkish Fed expectations and geopolitical tensions in the Middle East continue to cap upside potential.

• Bitcoin price recovered to $77,400 following Big Tech earnings
• Double-digit revenue growth in AI-linked tech firms boosted risk appetite

Liam Gallagher of Veritas Investment Research warns that Shopify remains unattractive for investors despite a recent 30% price drop. The analyst suggests that valuation concerns have not yet been fully resolved.

• Veritas Investment Research maintains a sell rating on Shopify
• Initial downgrade based on 95x forward earnings multiple

Head of Research Tom Lee suggests that software valuations have reached a point where a recovery is likely. He argues that the market is currently discounting the capacity of software firms to leverage artificial intelligence.

• Tom Lee is actively buying software stocks
• Market is underestimating software firms' AI adaptation

The conglomerate's annual meeting marks a pivotal shift in leadership as CEO Greg Abel leads the proceedings for the first time. Investors are closely watching for changes in capital allocation and portfolio management following a period of relative underperformance.

• Leadership shift from Warren Buffett to Greg Abel
• Significant decline in Q4 2025 insurance underwriting profits