The S&P 500 and Nasdaq notched record high closes on Tuesday, lifted by Intel and other AI-related stocks, as a U.S.-Iran ceasefire held firm and investors focused on strong quarterly earnings. Washington said on Tuesday its ceasefire with Iran ‌was intact, allaying worries ⁠that attempts ⁠by both sides to assert control over the Strait of Hormuz would escalate hostilities.

Investors focused on AI-related companies, with the Philadelphia SE Semiconductor index surging to a record high.

Chip designer AMD rallied ahead of its quarterly report after the bell, with analysts expecting a 33% surge in revenue.

S&P 500 companies are on track to post aggregate earnings growth of 28% year-over-year for the first quarter, the strongest quarterly profit growth since 2021, according to Tajinder ⁠Dhillon, head ‌of earnings research at LSEG.

Wall Street’s AI heavyweights account for much of that optimism.

“Markets are following fundamentals. Earnings are coming in pretty strong, and the ⁠expectation is that will carry forward into the rest of the year,” said Tom Hainlin, an investment strategist at U.S. Bank Wealth Management in Minneapolis.
“Business spending remains strong, whether it’s on AI or other productivity tools, and consumers continue to spend,” Hainlin said. According to preliminary data, the S&P 500 gained 58.72 points, or 0.82%, to end at 7,259.47 points, while the Nasdaq Composite gained 259.06 points, or 1.03%, to 25,326.51. The Dow Jones Industrial Average rose 354.85 points, or 0.73%, to ‌49,296.75.

Brent crude futures fell but still traded at $110 a barrel.

Data on Tuesday showed U.S. job openings fell to 6.866 million in March, slightly above the 6.835 million estimate. That reinforced the ⁠view that labor market resilience could give the central bank room to keep interest rates higher for longer.

The Institute for Supply Management’s Non-Manufacturing Purchasing Managers’ Index for April came in at 53.6, narrowly missing the estimate of 53.7, according to economists polled by Reuters. Grain trader Archer-Daniels-Midland rose after reporting better-than-expected first-quarter profit on higher margins. DuPont rallied after the industrial materials maker lifted its annual profit forecast. Shares of Pinterest soared after the image-sharing platform forecast second-quarter revenue above analysts’ estimates.

MINNEAPOLIS — Minnesota Timberwolves superstar Anthony Edwards has made remarkable progress in his recovery from a left knee hyperextension and bone bruise, with reports confirming he is now running at about three-quarters speed and has already returned to on-court basketball activities well ahead of initial timelines.

Edwards suffered the injury in Game 4 of the first-round series against the Denver Nuggets in late April. Initial projections called for a multi-week absence, potentially sidelining him for the early portion of the Western Conference semifinals. However, aggressive rehabilitation, including around-the-clock treatment and hyperbaric chamber sessions, has accelerated his return.

As of early May 2026, Edwards has been cleared for full basketball activities and was listed as questionable before Game 1 against the San Antonio Spurs. Multiple reports confirm he participated in pregame warmups and entered the contest off the bench, delivering 18 points in a Timberwolves victory despite playing under a minutes restriction.

Injury Details and Rapid Recovery

The injury involved a hyperextension of the left knee with an accompanying bone bruise. Edwards also manages ongoing right knee soreness described as runner’s knee. Team medical staff initially projected a minimum two-week absence, but Edwards pushed aggressively through rehabilitation protocols.

Timberwolves vice president of medical and performance David Hines noted the timeline was fluid, with Edwards showing “unforeseen progress” in recent days. By early May, he was spotted taking jump shots and performing full-court running at approximately 75% intensity during practice sessions.

Coach Chris Finch confirmed Edwards’ availability for Game 1, describing the decision as a joint one between player, medical staff and coaching. Edwards entered the game in the first quarter and contributed meaningfully despite not being at full strength.

Impact on Timberwolves Playoff Run

Edwards’ quick return provides a significant boost to Minnesota as it faces Victor Wembanyama and the Spurs in the Western Conference semifinals. The Timberwolves advanced past the Nuggets without him in the final two games of the first round, but his presence elevates their championship aspirations.

Even on a minutes restriction, Edwards’ scoring punch and defensive versatility remain critical. His willingness to play through discomfort underscores his competitive drive and importance to the franchise.

Medical and Expert Perspectives

Sports medicine specialists note that bone bruises can vary widely in recovery time. Edwards’ youth, elite athleticism and access to advanced treatments likely contributed to his faster-than-expected progress. However, experts caution against pushing too aggressively, as re-injury risks remain elevated in the playoffs.

The Timberwolves medical team has monitored him closely, using pain management, mobility metrics and functional strength tests to guide clearance. Edwards has communicated optimism to teammates, expressing his desire to contribute as soon as possible.

Fan and Media Reaction

Social media erupted with excitement over Edwards’ return. Clips of his Game 1 performance quickly went viral, with fans praising his toughness. Hashtags related to his recovery and highlights trended as supporters celebrated the star’s resilience.

Analysts highlight Edwards’ history of beating recovery timelines, drawing comparisons to past instances where he returned ahead of schedule. His ability to perform at a high level even while managing bilateral knee issues has drawn admiration across the league.

What’s Next for Edwards

The Timberwolves will continue monitoring Edwards’ workload closely in the series against San Antonio. Expect gradual increases in minutes as he builds confidence and conditioning. Full unrestricted play may take additional games, but his presence alone alters the dynamics of the matchup.

Upcoming updates will focus on how his knee responds to game action and whether any setbacks occur. The organization remains optimistic but cautious, prioritizing long-term health during a deep playoff run.

Edwards’ rapid recovery adds another chapter to his rising superstar narrative. From high draft pick to playoff hero, his toughness and work ethic continue impressing observers. As the Western Conference semifinals unfold, all eyes will remain on the dynamic guard and his ability to perform while managing lingering knee concerns.

This article was written by

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Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Q1: 2026-05-04 Earnings Summary

EPS of $0.31 beats by $0.03

Gibson Energy Inc. (GEI:CA) Shareholder/Analyst Call May 5, 2026 12:00 PM EDT

Company Participants

James Estey
Nathalie Wyman
Tara Hingley
Riley Hicks – Senior VP & CFO
Colin Gair
Jon Ozirny – VP of Legal & General Counsel
Cody Johnson
Darcy Smith
Chris Garcia
Curtis Philippon – CEO, President & Non-Independent Director

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Presentation

James Estey

Okay. We’re going to start early. Good morning, and welcome to the Annual Shareholder Meeting of Gibson Energy. My name is Jim Estey, and I am the Chairman of Gibson Board. And in accordance with the bylaws of the company, I will act as chair of the meeting. Given the importance of safety within Gibson, and our culture, we will start today this meeting with a safety moment from Nathalie Wyman. That will be followed by a land acknowledgment from Tara Hingley and an introduction of the directors and officers who have joined us today. Following completion of these preliminary matters, we will then move into the formal part of the meeting during which you, our shareholders or duly appointed proxyholders will vote on the 3 matters set forth in the management information circular.

Finally, our President and CEO, Curtis Philippon, will provide a company update, which will be followed by question-and-answer period, which you, shareholders and proxyholders are invited to ask questions of the directors and the executive management. At the conclusion of our program, the directors and officers and senior management will be available in the room to answer further questions you may have. I will now call on Nathalie to provide a safety moment.

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Nathalie Wyman

Thank you, Mr. Chair. As we begin today, I would like to take a moment to acknowledge that Canadian Mental Health Week began yesterday and continues until Sunday, May 10. This year, Mental Health Week recognizes the role we all play in supporting mental health through connection. At Gibson, Mission Zero is

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