US Markets Reach New Highs as Tech Giants Report Strong Earnings

US markets have experienced a surge in recent weeks, with tech giants leading the charge. The S&P 500 has reached an all-time high of $7,230.12, while Nasdaq has hit $25,114.44.

The strong earnings reports from Apple and Oracle are seen as key drivers behind this growth. Apple's share price has increased by 3.28% to $280.14, with the company reporting record results and a revenue growth outlook of 14-17%. Oracle's shares have also jumped by 6.5% to $171.83 following positive updates on AI infrastructure collaboration and OpenAI partnership.

Bitcoin has also seen an uptick in value, approaching $78K due to the progress of the Clarity Act in the US Senate. This bill aims to provide regulatory clarity for stablecoin issuers, which could lead to further growth in the cryptocurrency market.

However, geopolitical tensions and oil prices continue to pose risks to the market. The Strait of Hormuz crisis has caused a 3% drop in WTI crude oil prices to $102 per barrel.