North America Market Update

U.S. markets rose slightly on Friday as investors shifted focus from corporate earnings to potential Middle East peace deal rumors. Major corporate highlights included a share price slide for Walmart on conservative guidance and a $2 billion U.S. government investment in quantum computing.

Key Takeaways

• 1.U.S. markets rose and oil fell as investors reacted to rumors of a potential peace deal between the United States and Iran.
• 2.Walmart's stock dropped over 7% despite a Q1 sales beat as the retailer maintained a conservative annual outlook due to fuel costs and inflation.
• 3.The U.S. government is investing $2 billion in quantum computing, including a $1 billion stake in an IBM venture, to compete with China.

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