LOS ANGELES — Luka Doncic has reached a significant milestone in his recovery from a Grade 2 left hamstring strain, confirming he has begun running again, but the Lakers superstar remains weeks away from full basketball activity and is highly unlikely to play in the ongoing Western Conference semifinals against the Oklahoma City Thunder.

In his first public comments since the injury on April 2, Doncic told reporters he is progressing day by day but emphasized the original medical timeline called for roughly eight weeks of recovery. With the Lakers trailing 2-1 in the series as of Monday, May 11, the Slovenian star’s return appears targeted for late May at the earliest — potentially too late for this round.

“I’m just doing everything I can,” Doncic said. “Every day I’m doing stuff I’m supposed to do. The doctor said eight weeks at the beginning of the first MRI. So I’m just going day by day, and I feel better every day.”

Progress but cautious timeline

Doncic has started running as part of his rehabilitation but has not yet been cleared for full-contact work, scrimmages or 5-on-5 sessions. He traveled to Spain earlier for specialized PRP (platelet-rich plasma) treatment to accelerate healing, a trip that included multiple injections spaced days apart.

Medical experts note that Grade 2 hamstring strains typically require 4-8 weeks, with elite athletes sometimes pushing the lower end under ideal conditions. However, Doncic’s history of lower-body issues and the original eight-week projection from team doctors suggest a conservative approach to avoid re-injury.

Lakers coach JJ Redick and the medical staff continue evaluating him on a week-to-week basis. While Doncic has participated in non-contact shooting and light on-court movement, the critical next steps — controlled contact and game-speed work — remain ahead.

Impact on Lakers’ playoff run

Without Doncic, the Lakers have relied heavily on LeBron James, Austin Reaves and a deep supporting cast. The team has shown resilience but faces an uphill battle against the top-seeded Thunder. James has shouldered extra minutes, yet the drop-off in playmaking and scoring gravity without Doncic is evident.

A potential return in the Western Conference finals would require the Lakers to extend the current series and give Doncic time to ramp up safely. Even then, rust and re-injury risk would loom large against Oklahoma City’s athletic perimeter defenders.

Injury context and prevention

This marks the latest soft-tissue concern for Doncic, who has battled calf and hamstring issues in recent seasons. The April 2 injury occurred in a regular-season game against these same Thunder. Sources say the team is prioritizing long-term health over a rushed return, learning from past setbacks.

Sports medicine specialists stress that premature returns from hamstring strains often lead to longer absences. Doncic’s methodical approach — including specialized treatment abroad — reflects a commitment to proper healing.

Fan and league reaction

Lakers faithful remain hopeful yet realistic, with many expressing frustration over the timing while praising Doncic’s work ethic. National analysts largely agree the current series is a steep challenge without him, though a deep playoff run could still be possible if the supporting cast steps up.

League insiders note the high stakes for a franchise that invested heavily to pair James with Doncic. His absence tests roster depth and coaching adjustments under Redick.

Looking ahead

The focus for Doncic remains steady progression. If the eight-week timeline holds from the early April MRI, he could target late May for a potential return — possibly aligning with a Conference Finals scenario. Any acceleration would depend on pain-free running, strength testing and medical clearance.

For now, the Lakers push forward without their MVP-caliber leader. Doncic’s update offers cautious optimism — he is moving in the right direction — but full basketball activities remain weeks away. The Slovenian star’s determination is clear, yet hamstring recoveries demand patience.

As the Lakers navigate life without him, all eyes remain on Doncic’s rehabilitation. Whether he returns this postseason or begins preparing for next season, his progress will shape Los Angeles’ immediate future and long-term championship aspirations.

NEW YORK — The Dow Jones Industrial Average climbed to a new all-time high Monday, closing at 49,712.68 and gaining 103.52 points, or 0.21%, as investors welcomed signs of cooling inflation and steady corporate earnings amid a resilient U.S. economy.

The modest gain extended the blue-chip index’s record-setting run in 2026, pushing it firmly above the 49,700 milestone for the first time. The S&P 500 also advanced 0.38% to close at 5,678.92, while the Nasdaq Composite rose 0.62% to 18,245.67, led by technology and semiconductor stocks.

Broad participation in the rally

Gains were widespread across sectors. Technology giants including Apple, Microsoft and Nvidia continued their strong momentum on optimism about artificial intelligence spending. Financial stocks rose as bond yields eased, while energy names benefited from steady crude oil prices hovering near $78 per barrel.

Only a handful of Dow components finished in the red. Caterpillar and Boeing lagged slightly after mixed industrial data, but the overall tone remained positive as traders digested last week’s softer inflation readings and anticipation of the Federal Reserve’s next policy meeting.

Economic backdrop supports optimism

Recent data showed the U.S. economy growing steadily while inflation continues its gradual decline toward the Fed’s 2% target. Investors are pricing in two rate cuts later in 2026, with the first potentially arriving as soon as September. Lower borrowing costs would support corporate investment and consumer spending.

Corporate earnings season has also delivered mostly positive surprises. Major banks, tech firms and consumer giants have beaten expectations, reinforcing confidence that the economy can avoid a hard landing despite higher interest rates earlier in the cycle.

Geopolitical and policy factors in focus

Markets shrugged off lingering tensions in the Middle East, including developments around the Strait of Hormuz, as oil prices remained relatively stable. Investors also monitored upcoming federal budget developments and trade negotiations that could influence corporate profits.

Federal Reserve Chair Jerome Powell is scheduled to speak later this week, with his comments likely to shape expectations for monetary policy. Analysts expect a balanced tone acknowledging progress on inflation while maintaining flexibility on rate decisions.

Small caps and sector rotation

The Russell 2000 index of small-cap stocks outperformed the broader market, rising nearly 1.1%. This rotation into smaller companies reflects growing confidence that lower rates will benefit more interest-rate-sensitive businesses. The outperformance of small caps has been a notable theme in recent sessions.

Investor sentiment and technical levels

Market breadth remained healthy, with advancing stocks outnumbering decliners by a wide margin on the New York Stock Exchange. Volume was moderate, suggesting steady buying interest rather than aggressive short covering. The Dow’s move above 49,700 reinforces its bullish technical structure.

Strategists at major banks have raised year-end targets for the Dow, with several now calling for levels between 52,000 and 54,000 by December 2026, citing AI productivity gains, resilient consumer spending and potential fiscal stimulus.

Risks still present

Despite the upbeat session, caution remains. Elevated valuations in the technology sector leave room for volatility if earnings disappoint or if geopolitical tensions escalate. Some analysts warn of a potential pullback if the Fed signals a more cautious approach to rate cuts.

Household wealth gaps, persistent inflation in services and upcoming debt ceiling discussions also represent longer-term risks that could weigh on sentiment later in the year.

What investors are watching next

This week brings several key earnings reports from retailers and industrial companies, along with Powell’s speech and housing data. The federal budget proposal expected later this week could also influence markets if it includes significant spending or tax changes.

For individual investors, the message from today’s trading is one of continued optimism tempered by the need for diversification. While the Dow’s record run is impressive, experienced market watchers stress maintaining balanced portfolios across asset classes.

Broader market context

The Dow’s performance this year has been driven by a combination of strong corporate fundamentals and expectations of eventual monetary easing. The index is now up more than 8% year-to-date, outpacing many international benchmarks and reflecting confidence in American economic exceptionalism.

As trading continued into the afternoon, futures pointed to a slightly positive open in Europe and steady Asian markets overnight. The VIX volatility index remained subdued near 14, indicating relatively calm investor expectations in the near term.

The Dow’s push into record territory underscores the remarkable resilience of U.S. equities in 2026. With inflation trending lower and growth holding steady, many analysts believe the bull market has further room to run — though selectivity and risk management will remain crucial as valuations stretch higher.

Monday’s session served as another reminder that, even in an uncertain world, well-positioned companies and patient investors continue to find opportunity in the world’s largest stock market.

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Social media influencers are promoting Chinese car brands such as BYD, Xiaomi, and Zeekr, highlighting their luxury features and advanced technology. These campaigns aim to enhance the brands’ global appeal, emphasizing innovation and affordability to attract consumers worldwide. The trend reflects China’s growing influence in the electric vehicle and automotive markets, driven by cutting-edge designs and competitive pricing.

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In recent years, American consumers have shown increasing interest in affordable Chinese electric vehicles (EVs), driven by the desire for budget-friendly and eco-friendly transportation options. Chinese EV brands such as BYD, NIO, and Xpeng have expanded their presence globally, offering competitive pricing and innovative technology that appeals to cost-conscious buyers. These vehicles often come equipped with advanced features at a fraction of the price of traditional American and European brands, making EV adoption more accessible for a broader audience.

The demand for low-cost Chinese EVs in the U.S. is also fueled by the government’s push toward cleaner transportation and incentives for electric vehicle purchases. Consumers are attracted to the combination of affordability and sustainability, viewing these cars as a practical alternative to gas-powered models. Additionally, evolving vehicle designs and longer ranges have helped Chinese automakers build trust among American buyers, confirming that quality isn’t sacrificed for price.

However, concerns about durability, after-sales service, and brand recognition remain hurdles for Chinese EV companies entering the U.S. market. Despite these challenges, the growing popularity of affordable Chinese EVs indicates a shifting landscape where cost-efficient, eco-friendly transportation options are becoming a key preference for American consumers eager to embrace the electric future.

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Operator

Good afternoon, and welcome to VirTra’s First Quarter 2026 Earnings Conference Call. My name is Ryan, and I will be your operator for today’s call. Joining us for today’s presentation are the company’s CEO, John Givens; and CFO, Alanna Boudreau. Following their remarks, we will open the call for questions.

Before we begin the call, I would like to provide VirTra’s safe harbor statement that includes cautionary regarding forward-looking statements made during this call. During this presentation, management may discuss financial projections, information or expectations about the company’s products and services or markets or otherwise make statements about the future, which are forward-looking and subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. The company does not undertake any obligation to update them as required by law.

Finally, I’d like to remind everyone that this call will be made available for replay via a link in the Investor Relations section on the company’s website at www.virtra.com.

Now I’d like to turn the call over to VirTra’s CEO, Mr. John Givens. Thank you. You may proceed, sir.

John Givens
CEO & Chairman

Thank you, Ryan, and thank you, everyone, for joining us this afternoon. After the market closed today, we issued a press release that provided our financial results for the first quarter ended March 31, 2026, along with an update of our business and operating environment.

Since first quarter end, we have continued to see important movement across the

This article was written by

In the Nifty500 pack, the closing prices of 22 stocks fell below their 200-day moving averages on May 11, according to StockEdge.com’s technical scan data. Of these, we have highlighted 11 stocks that slipped more than 3%. Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock. Take a look:

Michael Burry, the investor made famous in The Big Short, is warning that the Nasdaq 100 Index is headed toward a dramatic reversal after a “parabolic” surge that has driven technology valuations to unsustainable heights.

In a post on Substack, Burry said the market resembles the peak of the dot-com bubble just before it burst, citing in particular the steep jump in chip stocks that has pushed up the Philadelphia Stock Exchange Semiconductor Index by nearly 70% since the end of March.

He said the Nasdaq 100, by his reckoning, is trading at 43 times earnings — well above the implied level of around 30 times — because “Wall Street may be overstating by more than 50% the earnings at our fastest growing, most highly valued companies.”

“We are witnessing history. In the stock market, that is not a good thing,” Burry said. He likened it to the “scene of the bloody car crash, minutes before it happens.”

Chip Stocks Head for Second-Best First Half Versus S&P Ever

Burry is among a number of market observers who have expressed concerns about the rally unleashed by the artificial-intelligence spending boom from Alphabet Inc., Amazon.com Inc. and the other big tech companies. That’s pushed indexes to record highs even as the US war against Iran threatens to both slow growth and fan inflation by elevating oil prices.

Sundial Capital Research analysts led by Jason Goepfert noted that this will be only the fourth time the S&P 500 has hit a record high while only 5% of its members were at 52-week lows, underscoring the scope of the rally. Data compiled by Bespoke Investment Group show that the Philadelphia semiconductor index has pushed this far above its 200-day moving average only two other times, in July 1995 and in March 2000, at the peak of Internet bubble.
Burry advised against shorting stocks, given the expense of put options and the risk of being burned by ill-timed trades.He said he is holding a “significant leveraged short position against a portfolio of companies” that he finds “depressed and cheap,” without elaborating, and plans to “lighten up on companies” that don’t meet his “strictest valuation requirements.” He advised taking profits from the recent rally and reducing exposure to stocks in general, particularly those from the tech sector.

“Even if it seems there is more time to run up, anyone lucky enough to be riding these parabolic moves, by not selling, is betting on one’s own ability to jump off at or near the top,” he wrote.

“History tells us that even if the party goes on for another week, month, three months or year, the resolution will be to much lower prices,” he said. “We are getting into that rare air, so extreme that the consequences will be unavoidable, no matter where one hides.”

Oil prices edged higher on Tuesday, extending gains for a second session in a row, as prospects for a resolution to the conflict between the United States and Iran remained uncertain, keeping concerns over global crude supply firmly in focus.

U.S. President Donald Trump said on Monday that the ceasefire with Iran was “on life support,” citing disagreements over several key issues, including a halt to hostilities across all fronts, the lifting of a U.S. naval blockade, the restart of Iranian oil exports and compensation for war-related damages.

Crude oil price on May 12

Brent crude futures climbed 30 cents, or 0.29%, to $104.51 a barrel, while U.S. West Texas Intermediate rose 31 cents, or 0.32%, to $98.38 by 0002 GMT. Both benchmarks had already gained nearly 2.8% on Monday.In an effort to calm markets, the Trump administration said on Monday it would release 53.3 million barrels of crude from the U.S. Strategic Petroleum Reserve through loans to refiners and suppliers.

Market attention now shifts squarely to President Trump’s visit to China this week. Experts say there is hope he can persuade Beijing to leverage its influence over Iran to push for a comprehensive ceasefire and a resolution to the ongoing disruption in the Strait of Hormuz.
Separately, the Wall Street Journal reported on Monday that the UAE carried out military strikes inside Iran, including an attack earlier in April on a refinery located on Lavan Island. The UAE has not publicly confirmed the operation, according to the report.
Since the U.S. and Israeli-led war against Iran began on Feb. 28, both Brent and WTI crude prices have surged more than 40%. Citi said in a note that oil prices were likely to remain volatile and could rise further if negotiations between Washington and Tehran continue to face obstacles.

Where are prices headed?

According to Morgan Stanley analysts, the global oil market is now in “a race against time,” as the factors that have so far prevented a sharper spike in crude prices may weaken if the Strait of Hormuz remains shut into June.

Despite disruptions impacting nearly 1 billion barrels of oil supply, crude prices still remain below the highs reached in 2022 after Russia invaded Ukraine. Analysts led by Martijn Rats said the market entered the current crisis with stronger buffers, while investors have largely continued to expect that Hormuz would eventually reopen.

Morgan Stanley also pointed to rising U.S. crude exports and softer Chinese imports as two major reasons why the market has so far avoided a deeper supply shock. However, the brokerage cautioned that a prolonged closure of Hormuz could tighten global supplies again if the disruption lasts longer than either China or the United States can comfortably manage.

Haitong Futures said the market remains nervous, warning that the ceasefire may only be temporary. The firm added that stalled negotiations between the U.S. and Iran could trigger another escalation in tensions and push oil prices higher.

Nuvama Institutional Equities said an extended shutdown of the Strait of Hormuz could disrupt nearly 20 million barrels per day of crude flows globally. In such a scenario, the brokerage said oil prices could potentially climb to between $110 and $150 a barrel.

Saudi Aramco CEO Amin Nasser warned on Monday that disruptions to shipments through Hormuz could delay the return of stability in oil markets until 2027, potentially affecting around 100 million barrels of oil supply per week.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)