{"id":131604,"date":"2026-05-11T20:16:54","date_gmt":"2026-05-11T20:16:54","guid":{"rendered":"https:\/\/christiancorner.us\/index.php\/2026\/05\/11\/weekly-market-update-ai-powers-records\/"},"modified":"2026-05-11T20:18:56","modified_gmt":"2026-05-11T20:18:56","slug":"weekly-market-update-ai-powers-records","status":"publish","type":"post","link":"https:\/\/christiancorner.us\/index.php\/2026\/05\/11\/weekly-market-update-ai-powers-records\/","title":{"rendered":"Weekly Market Update: AI Powers Records"},"content":{"rendered":"<p>\n<\/p>\n<div>\n<div class=\"captioned-image-container\"><a rel=\"nofollow noopener\" target=\"_blank\" class=\"image-link image2 is-viewable-img\" href=\"https:\/\/substackcdn.com\/image\/fetch\/$s_!u7Xl!,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d394457-39e1-4d60-825f-d0c1f5606a2a_1376x768.png\" data-component-name=\"Image2ToDOM\"><\/p>\n<div class=\"image2-inset\"><img fetchpriority=\"high\" decoding=\"async\" src=\"\" width=\"1376\" height=\"768\" data-attrs=\"{\"\/><\/div>\n<p><\/a><\/div>\n<p>Global stocks just closed another trade <strong>Record-setting week<\/strong>Driven by blockbuster AI and mega-cap tech earnings, while investors brace for crucial US jobs data and a still-cautious Fed. <strong>title story<\/strong>: Indices are higher on earnings strength, but markets are pricing in absolutes in both <strong>Growth and Rates<\/strong>.<\/p>\n<h2><strong>\ud83d\udcc8What&#8217;s happening?<\/strong><\/h2>\n<p><strong>Index at new high.<\/strong> S&#038;P 500 logs it <strong>Sixth consecutive weekly gain<\/strong>The week ended about 0.7% higher and closed at a new record near 7,230, while the Nasdaq also reached record territory. So far in 2026, the S&#038;P 500 is up by approx. <strong>8%<\/strong>Nasdaq is broadly ahead <strong>13%<\/strong> Thanks to the technical leadership.<strong>Earnings Season = AI Flex.<\/strong> Q1 earnings coming in stronger than feared: FactSet now sees <strong>S&#038;P 500 earnings up more than 20%+ year over year<\/strong>The fastest growth since 2021, with the &#8220;Magnificent Seven&#8221; (Alphabet, NVIDIA, Amazon, Meta,&#8230;).<\/div>\n<p><script async defer crossorigin=\"anonymous\" src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&#038;version=v4.0\"><\/script><script async defer crossorigin=\"anonymous\" src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&#038;version=v13.0\" nonce=\"3nfhalVK\"><\/script><script async defer crossorigin=\"anonymous\" src=\"https:\/\/connect.facebook.net\/en_GB\/sdk.js#xfbml=1&#038;version=v13.0\" nonce=\"blyG8KXs\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global stocks just closed another trade Record-setting weekDriven by blockbuster AI and mega-cap tech earnings, while investors brace for crucial US jobs data and a still-cautious Fed. title story: Indices are higher on earnings strength, but markets are pricing in absolutes in both Growth and Rates. \ud83d\udcc8What&#8217;s happening? Index at new high. S&#038;P 500 logs<\/p>\n","protected":false},"author":1,"featured_media":6422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[1357,3483,1023,1914,1926],"class_list":["post-131604","post","type-post","status-publish","format-standard","has-post-thumbnail","category-daily-bread","tag-market","tag-powers","tag-records","tag-update","tag-weekly"],"_links":{"self":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/131604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/comments?post=131604"}],"version-history":[{"count":1,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/131604\/revisions"}],"predecessor-version":[{"id":131608,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/131604\/revisions\/131608"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/media\/6422"}],"wp:attachment":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/media?parent=131604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/categories?post=131604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/tags?post=131604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}