Market digest

What happened in the market today and what's coming up.

Stocks edge higher as oil slides, while AI weakness and earnings keep traders cautious

Oil drop lifts broader shares

At midday, the Dow is up 0.81% and the S&P 500 0.21%, while the Nasdaq 100 slips 0.07%. Oil is down 6.22% as hopes for U.S.-Iran diplomacy ease supply fears, lifting travel and consumer stocks while energy falls 2.84%.

AI-linked stocks remain under pressure

Technology is down 1.13%, with AI chips among the weakest themes at -2.59%. Marvell has dropped 10.10% and Lumentum 15.36% after reports of a proposed $115 billion all-stock acquisition; Lumentum holders would receive 4.5 Marvell shares per share.

Earnings and jobs data loom

Traders face a busy week of company results and labor-market updates. Apple and Palantir report after today’s close, followed by AMD tomorrow; the week’s jobs data builds toward Friday’s payrolls report.

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