S&P 500: AI momentum drives fresh record highs – Deutsche Bank
Ni FXStreet Insights Team
Na-update: 7 May 2026
Sikat na Artikulo
Deutsche Bank’s Early Morning Reid notes that US equities extended gains as stagflation fears eased with lower Oil prices and AI-related optimism.
Deutsche Bank’s Early Morning Reid notes that US equities extended gains as stagflation fears eased with lower Oil prices and AI-related optimism. The S&P 500, Nasdaq and Mag 7 all hit new highs, supported by strong performance from chipmakers such as AMD, while US high-yield credit spreads tightened to their narrowest level in three months.
US equities surge on AI and oil drop
"With fears of a stagflationary shock easing again, multiple equity indices like the S&P 500 (+1.46%), Nasdaq (+2.02%) and the Mag 7 (+2.00%) roared to new highs."
"Moreover, continued momentum from the AI trade helped propel risk assets to new highs as well, with the S&P 500 (+1.46%) at another record."
"Within the rally, chipmakers continued to outperform, driven by strong earnings from AMD (+18.61%) after it reported strong demand for AI agents."
"So this powered the Philly semiconductor index up +4.48%, extending its YTD gain to 62%."
"The positive mood was also visible in other risk assets, with US HY credit spreads tightening by 4bp to their narrowest level in three months."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
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