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Tech stocks surge as Intel, SAP earnings drive S&P 500 and Nasdaq to record highs despite oil prices

Tech stocks surge as Intel, SAP earnings drive S&P 500 and Nasdaq to record highs despite oil prices

Technology stocks drove the S&P 500 and Nasdaq to record highs on Friday, overriding persistent inflation concerns from elevated oil prices as investors focused on stronger-than-expected earnings from Intel and SAP. The S&P 500 rose 0.8 percent to close at …

Allbirds Announces Shift to AI Company, Stock Surges 600% in One Day

How the rebrand triggered market reaction

Allbirds announced on April 15, 2026, that it is repositioning itself as an artificial intelligence company, triggering a stock surge of over 600% in a single trading session. The footwear brand, known for sustainable sneakers made from wool and eucalyptus …