U.S. stocks close: S&P and Nasdaq rise for four consecutive days, storage concept stocks strengthen with Seagate hitting a new high, Chinese concept stocks fluctuate up and down.

Ask AI · US stocks extend their winning streak for four straight days—how does geopolitical risk affect market resilience?

Cailian Press April 7 (Editor Zhao Hao) On Monday (April 6), US stocks strengthened into the close. All three major indexes finished higher, with both the S&P 500 and the Nasdaq Composite posting four straight days of gains.

As of the close, the S&P 500 Index rose 0.44% to 6611.83 points; the Nasdaq Composite Index rose 0.54% to 21996.34 points, and both recorded gains for 4 consecutive trading days. The Dow Jones Index rose 0.36% to 46669.88 points.

During the session, the three major indexes once pulled back. At the time, Trump claimed at a White House press conference that if Iran failed to “surrender” before 20:00 Eastern Time on April 7, he would launch attacks on Iran’s civilian infrastructure.

Not long before this article was published, Dujarric, spokesperson for the United Nations Secretary-General, expressed shock at Trump’s comments threatening airstrikes against Iran’s civilian infrastructure, emphasizing that any attacks on civilian infrastructure violate international law.

Trump also said that reopening the Strait of Hormuz is a top priority. He further stated that the passage tolls for vessels transiting the strait should be collected by the United States rather than by Iran.

LPL Financial’s Chief Equity Strategist Jeff Buchbinder said: “If market participants stop paying attention to geopolitical risk now, that is obviously still too early. The best course of action for investors is to stay patient.”

Angeles Investments’ Chief Investment Officer Michael Rosen commented, “The market may be underestimating the direct impact and the medium-term impact of energy disruptions, and energy prices will remain high for a longer period.”

LPL Financial’s Chief Economist Jeff Roach said, “If the Hormuz dispute continues into May or June, it will significantly worsen the outlook for the US and the global economy.”

Despite investors’ intense focus on geopolitical risk, Nationwide’s Chief Market Strategist Mark Hackett said that macro data continues to show that the economy has resilience, and the earnings outlook for US companies remains optimistic.

In a report to clients, Goldman Sachs said, “The sell-off of ‘fast money’ is weakening. Over the next month, this group could be net buyers of about $55 billion, including about $20 billion in US stocks.”

Senior strategist Ed Yardeni said that after a pullback from last year’s record highs, tech stocks have returned to levels that are attractive for investors who are willing to make long-term allocations.

Performance of hot stocks

US tech megacaps were mixed (ranked by market cap): Nvidia rose 0.14%, Apple rose 1.15%, Google Class C rose 1.09%, Microsoft fell 0.16%, Amazon rose 1.44%, Broadcom fell 0.04%, and Meta fell 0.25%.

Tesla fell 2.15%. JPMorgan analyst Ryan Brinkman said Tesla investors should act cautiously because the company faces the risk of further deterioration in performance.

Chip stocks overall moved higher: the Philadelphia Semiconductor Index rose 1.06%, with 21 of the 30 constituent stocks closing higher. Monolithic Power Systems rose 5.5%, and Adano rose 2.83%.

Most storage-related concept stocks rose: Seagate Technology rose 5.58%, closing at a record high; Morgan Stanley added the stock to its preferred stock list. SanDisk rose 3.28%, Micron Technology rose 3.15%, and Western Digital rose 3.11%.

As for China concept stocks, the leader index for China concept stocks in the US (the “Lièvre more lio” China concept stock leader index) rose 0.16%, while the Nasdaq China Golden Dragon Index fell 0.21%.

Popular China concept stocks were mixed: Bawang Chaji rose 3.27%, Shell rose 1.89%, TAL Education rose 0.71%, and Baidu rose 0.29%; Pony.ai fell 2.82%, XPeng Group fell 1.69%, and Tencent Music fell 1.64%.

Company news

【Broadcom and Google reach long-term TPU and network supply agreement through 2031】

Broadcom announced a long-term agreement with Google to develop and supply tensor processing units (TPUs). It will provide customized TPUs for Google’s future generations of TPUs. Broadcom will supply networking and other components to Google’s next-generation AI racks under the agreement, which lasts up to 2031. Broadcom, Google, and Anthropic expanded their existing strategic partnership. Starting in 2027, Anthropic will obtain about 3.5 gigawatts of computing capacity through Broadcom.

【Strategy adds another 4,871 bitcoins at an average price of $677,000】

According to Strategy’s official disclosure, the company recently purchased 4,871 bitcoins at an average unit price of $677,180, with total investment of about $329.9 million. As of April 5, 2026, Strategy cumulatively held 766,970 bitcoins, accounting for about 3.65% of the total supply. Its cumulative total cost was $58.02 billion, and its overall average cost per holding was $75,644 per coin.

【Goldman Sachs’ private credit fund—first-quarter redemption ratio of 4.999%, barely avoiding the industry limit】

A private credit fund under Goldman Sachs Group said that the proportion of redemptions sought by investors in the first quarter was slightly below 5%. This allowed it to barely avoid a broad wave of redemptions that forced some peers to implement restrictions on redemptions. According to a filing document submitted on Monday, this Goldman private credit company, with a size of $15.7 billion, manages a so-called non-traded business development company (BDC). In the first quarter, the fund met redemption requests equivalent to 4.999% of its outstanding shares. By contrast, peers—including Blue Owl Capital Inc.—received redemption requests far above the 5% cap generally required across the industry. However, redemption requests were still higher than the 3.5% in the fourth quarter of last year.

【The UK extends an olive branch to Anthropic—invites it to expand its London operations and explores a dual listing】

According to reports, after a conflict arose between the US artificial intelligence (AI) company Anthropic and the Pentagon (the US Department of Defense), the UK government saw an opportunity to win over Anthropic and tried to attract the top AI company to expand its presence in the UK. Insiders revealed that staff from the UK’s Department for Science, Innovation and Technology have prepared a series of proposals for Anthropic, including expanding its office footprint in London and even pushing for a dual listing. It is understood that the UK’s Starmer government supports this work.

(Cailian Press Zhao Hao)