This article was written by

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CMI over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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.

This article was written by

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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.

The S&P 500 and Nasdaq closed at record highs on Friday, bolstered by optimism for possible negotiations between the U.S. and Iran to end their war and a surge in Intel shares that extended the rally in semiconductor stocks. Pakistani government sources said Iran’s foreign minister, Abbas Araqchi, was expected in the Pakistani capital, Islamabad, on Friday to discuss proposals for restarting peace talks. In addition, White House Press Secretary Karoline Leavitt said in an interview with ‌Fox News that President ⁠Donald Trump’s special ⁠envoy Steve Witkoff and son-in-law Jared Kushner will travel to Islamabad on Saturday morning for talks with Iran mediated by Pakistan. Markets had rallied in recent weeks on hopes that a resolution to the Iran war was on the horizon, along with expectations of strong corporate earnings, but gains have been tempered this week as optimism for a peace deal dimmed, with the Strait of Hormuz remaining shuttered.

“The Iran thing feels kind of tenuous, we’ve had a lot of back and forth. I assume that will continue, but for now, some rays of sunlight,” said Jed Ellerbroek, portfolio manager at Argent Capital Management in St. Louis, Missouri.

The Dow Jones Industrial Average fell 79.61 points, or 0.16%, to 49,230.71, the S&P 500 gained 56.68 points, or 0.80%, to 7,165.08 and the Nasdaq Composite gained 398.09 points, ⁠or 1.63%, ‌to 24,836.60.

For the week, the S&P 500 gained 0.55%, the Nasdaq rose 1.5%, and the Dow fell 0.44%.

Semiconductors, one of the market’s strongest performers on the year, continued to rally. The Philadelphia SE Semiconductor Index advanced 4.32% to extend its record run of gains to 18 ⁠consecutive sessions. Intel surged 23.65% to close at a record $82.57 and was the best performer on the benchmark S&P index, following a better-than-expected revenue forecast for the second quarter.

“All the doubts and fears about the (return on investment) on the AI CapEx from the big tech companies – Amazon and Google and Microsoft and Meta – those concerns are fading real fast, and that’s propelling the chip stocks and the contractors and all the industrial companies,” said Ellerbroek.
Fellow chipmakers AMD and Arm both shot higher by about 14%. Megacap Nvidia climbed 4.32% and also closed at a record as it neared the $5 trillion market valuation again. The S&P 500 technology index rose 2.46% and was the best-performing of the 11 major S&P sectors. Tech stocks also managed to shrug off DeepSeek’s preview of its highly awaited new model. The S&P 500 and the Nasdaq recorded a fourth consecutive week of gains, ‌their longest streak since the fourth quarter of 2024. The Dow, however, snapped a three-week run higher.

FED MEETING AWAITED

Attention is also shifting to the Federal Reserve meeting next week, which will be scrutinized for clues on rate cuts and the central bank’s leadership succession. The U.S. Justice Department is closing its investigation into Fed Chair ⁠Jerome Powell, clearing an obstacle to the confirmation of Kevin Warsh, Trump’s pick to lead the central bank. Markets were pricing in a roughly 39% chance for a cut of at least 25 basis points at the Fed’s December meeting, according to CME’s FedWatch Tool, up from about 23% in the prior session.

A strong start to earnings season has helped buttress stocks against volatile Iran news. Earnings growth expectations for the first quarter now stand at 16.1%, according to LSEG data, up from 14.4% at the start of April.

Advancing issues outnumbered decliners by a 1.47-to-1 ratio on the NYSE and by a 1.38-to-1 ratio on the Nasdaq.

The S&P 500 posted 34 new 52-week highs and 8 new lows while the Nasdaq Composite recorded 126 new highs and 90 new lows.

Volume on U.S. exchanges was 17.81 billion shares, compared with the 18.39 billion average for the full session over the last 20 trading days.

TUCSON, Ariz. — The search for 84-year-old Nancy Guthrie entered its 85th day Saturday with authorities confirming ongoing FBI DNA analysis from her Catalina Foothills home and several new leads under review, though no arrests have been made in the high-profile abduction of the mother of NBC “Today” co-anchor Savannah Guthrie.

Nancy Guthrie was last seen at her Tucson-area residence on the evening of Jan. 31, 2026. She was reported missing the next morning after failing to attend church services. Investigators discovered signs of a struggle, including drops of blood on the front porch, and surveillance footage showed a masked, armed figure approaching the home around the time her pacemaker lost signal, suggesting she was taken by force.

Pima County Sheriff Chris Nanos and the FBI continue to lead a multi-agency task force. On Friday, officials confirmed that additional DNA samples collected from the home — including hair and potential mixed profiles — are undergoing advanced forensic testing at an FBI laboratory. Results from some samples are expected in the coming weeks, though authorities cautioned that the process remains ongoing and has not yet yielded a suspect.

Anonymous letters sent to media outlets, including TMZ, continue to complicate the investigation. The source, who previously claimed to have seen Nancy alive with kidnappers in Sonora, Mexico, has sent follow-up communications. Law enforcement has not validated the credibility of these letters and continues to treat them with skepticism while pursuing all tips.

The family offered a $1 million reward in late February for information leading to Nancy’s safe return. Additional incentives, including $100,000 from Crime Stoppers, remain active. Savannah Guthrie returned to the “Today” show earlier this month and delivered an emotional update, pleading for the public’s help while expressing continued hope. The family has largely avoided further public comment as the investigation advances.

Criminal profilers suggest the abduction may involve a targeted motive or a botched ransom scheme rather than a random act. The masked suspect’s preparation and apparent surveillance countermeasures point to planning. Nancy’s age and health conditions add urgency, though authorities have not publicly commented on her current status or condition.

The case has drawn intense national scrutiny, turning the quiet Tucson suburb into a media focal point. Door-to-door canvassing, aerial searches and cross-border coordination with Mexican authorities have generated thousands of tips, yet no confirmed sightings or secondary location have emerged. Polygraph tests, digital forensics and financial tracking continue behind the scenes.

As the symbolic 100-day mark approaches in mid-May, emotional weight builds for the family and community. Statistically, recovery chances decrease significantly over time in stranger abductions, yet high-visibility cases with sustained resources occasionally defy odds. Vigils, billboards and social media campaigns keep Nancy’s image prominent.

Nancy Guthrie lived a private life in retirement, active in her church and devoted to family. Her husband Charles died decades ago. Beyond Savannah, she has other children who have remained largely out of the spotlight. Friends describe her as warm and faithful, making her sudden disappearance from a seemingly secure neighborhood all the more shocking.

Broader questions linger about motive and execution. Some investigators continue to explore possible connections to Savannah’s public profile, though no direct evidence supports targeting due to fame. Bitcoin wallet activity linked to early ransom notes shows minimal movement, with the FBI viewing tracing efforts as a promising avenue.

Community frustration has grown alongside speculation. False reports of Nancy being located or suspects detained continue to surface, prompting officials to urge reliance on verified law enforcement channels. The desert terrain and proximity to the border complicate physical searches.

Experts predict the case could hinge on advanced genetic genealogy, continued digital analysis or a tip generated by the substantial rewards. The task force reviews old leads with fresh eyes while pursuing new ones. Savannah and her siblings maintain hope while preparing for a potentially prolonged wait, emphasizing Nancy’s humanity beyond the headlines.

As Saturday unfolded with no resolution, the desert sun cast long shadows over the Catalina Foothills. The search for Nancy Guthrie remains one of 2026’s most haunting mysteries — a stark reminder of vulnerability even in affluent neighborhoods. Authorities vow to continue until answers emerge, sustained by a family’s quiet determination and a community’s collective concern.

Public tips are still encouraged through FBI and Pima County channels. Even small details from late January or early February could prove decisive. While the calendar advances, hope persists that Nancy will be found and the family granted closure in a case that has TUCSON, Ariz. — The search for 84-year-old Nancy Guthrie entered its 85th day Saturday with authorities confirming ongoing FBI DNA analysis from her Catalina Foothills home and several new leads under review, though no arrests have been made in the high-profile abduction of the mother of NBC “Today” co-anchor Savannah Guthrie.

Nancy Guthrie was last seen at her Tucson-area residence on the evening of Jan. 31, 2026. She was reported missing the next morning after failing to attend church services. Investigators discovered signs of a struggle, including drops of blood on the front porch, and surveillance footage showed a masked, armed figure approaching the home around the time her pacemaker lost signal, suggesting she was taken by force.

Pima County Sheriff Chris Nanos and the FBI continue to lead a multi-agency task force. On Friday, officials confirmed that additional DNA samples collected from the home — including hair and potential mixed profiles — are undergoing advanced forensic testing at an FBI laboratory. Results from some samples are expected in the coming weeks, though authorities cautioned that the process remains ongoing and has not yet yielded a suspect.

Anonymous letters sent to media outlets, including TMZ, continue to complicate the investigation. The source, who previously claimed to have seen Nancy alive with kidnappers in Sonora, Mexico, has sent follow-up communications. Law enforcement has not validated the credibility of these letters and continues to treat them with skepticism while pursuing all tips.

The family offered a $1 million reward in late February for information leading to Nancy’s safe return. Additional incentives, including $100,000 from Crime Stoppers, remain active. Savannah Guthrie returned to the “Today” show earlier this month and delivered an emotional update, pleading for the public’s help while expressing continued hope. The family has largely avoided further public comment as the investigation advances.

Criminal profilers suggest the abduction may involve a targeted motive or a botched ransom scheme rather than a random act. The masked suspect’s preparation and apparent surveillance countermeasures point to planning. Nancy’s age and health conditions add urgency, though authorities have not publicly commented on her current status or condition.

The case has drawn intense national scrutiny, turning the quiet Tucson suburb into a media focal point. Door-to-door canvassing, aerial searches and cross-border coordination with Mexican authorities have generated thousands of tips, yet no confirmed sightings or secondary location have emerged. Polygraph tests, digital forensics and financial tracking continue behind the scenes.

As the symbolic 100-day mark approaches in mid-May, emotional weight builds for the family and community. Statistically, recovery chances decrease significantly over time in stranger abductions, yet high-visibility cases with sustained resources occasionally defy odds. Vigils, billboards and social media campaigns keep Nancy’s image prominent.

Nancy Guthrie lived a private life in retirement, active in her church and devoted to family. Her husband Charles died decades ago. Beyond Savannah, she has other children who have remained largely out of the spotlight. Friends describe her as warm and faithful, making her sudden disappearance from a seemingly secure neighborhood all the more shocking.

Broader questions linger about motive and execution. Some investigators continue to explore possible connections to Savannah’s public profile, though no direct evidence supports targeting due to fame. Bitcoin wallet activity linked to early ransom notes shows minimal movement, with the FBI viewing tracing efforts as a promising avenue.

Community frustration has grown alongside speculation. False reports of Nancy being located or suspects detained continue to surface, prompting officials to urge reliance on verified law enforcement channels. The desert terrain and proximity to the border complicate physical searches.

Experts predict the case could hinge on advanced genetic genealogy, continued digital analysis or a tip generated by the substantial rewards. The task force reviews old leads with fresh eyes while pursuing new ones. Savannah and her siblings maintain hope while preparing for a potentially prolonged wait, emphasizing Nancy’s humanity beyond the headlines.

As Saturday unfolded with no resolution, the desert sun cast long shadows over the Catalina Foothills. The search for Nancy Guthrie remains one of 2026’s most haunting mysteries — a stark reminder of vulnerability even in affluent neighborhoods. Authorities vow to continue until answers emerge, sustained by a family’s quiet determination and a community’s collective concern.

Public tips are still encouraged through FBI and Pima County channels. Even small details from late January or early February could prove decisive. While the calendar advances, hope persists that Nancy will be found and the family granted closure in a case that has gripped the nation.

(Word count: 1,009)

European shares posted a sharp weekly loss on Friday, as investors worried about risks to growth and inflation with energy supplies still severely disrupted by the conflict in the Middle East. The pan-European STOXX 600 index edged down 0.6% on the day, to 610.65, a more ‌than two-week ⁠low. It ⁠logged a weekly decline of 2.5%, snapping a four-week streak of gains. Most regional markets also declined, with Spain’s benchmark index falling 1.1%, while France’s was down 0.8%.

European equities outperformed U.S. markets at the start of the year but have lagged during the war on concerns over the continent’s vulnerability to higher energy prices. “We still see opportunities in sectors that are less sensitive to higher energy prices, such as health care, and in areas supported by secular trends, such as industrials,” said Mark Haefele, chief investment officer at UBS Global Wealth Management, adding ⁠that he ‌did not expect higher energy prices to trigger a recession.

Most sectors traded in the red, with aerospace and defence leading declines with a 3.2% fall. Technology stocks, however, gained 1.5%, helped ⁠by a 4.7% jump in SAP shares after the German software maker beat first-quarter profit estimates on strong growth in its cloud business. Chip stocks advanced with BE Semiconductor Industries up 4.3%, a day after reporting strong order intake and guidance. ASML and ASMI added about 2% each.

Healthcare shares and financials lost 1.7% and 1%, respectively.

Novo Nordisk bucked the trend, adding 5.4% after rival Eli Lilly’s obesity pill trailed prescriptions to Novo’s oral Wegovy.

Among other movers, Tomra tumbled 24% after the Norwegian recycling technology provider missed first-quarter revenue and profit estimates. Swedish technology and industrial group Indutrade fell 15% after reporting ‌first-quarter net sales below analyst expectations. Iran’s Foreign Minister Abbas Araqchi is expected to travel to Pakistan’s capital Islamabad to discuss proposals for restarting peace talks with the United States, Pakistani government sources said.
Benchmark Brent crude oil futures held above $100 ⁠a barrel .
German business sentiment deteriorated more than expected in April as the Iran war threatens the recovery of Europe’s biggest economy. The European Central Bank meets next week with markets pricing in a 76% chance that policymakers will leave rates unchanged, according to LSEG data. However, traders still expect rate hikes later this year if energy disruptions persist. “With the ECB’s focus on inflation expectations and fears that war-related effects could push companies to pass on costs, we’re likely to see the ECB eventually still wanting to raise rates, which we think they’ll then have to roll back in 2027,” said Luca Bindelli, head of investment strategy at Lombard Odier.