Daily Market Report – April 24, 2026

While the Dax (DEU40) and the Euro Stoxx 50 (SX5E) closed weaker, technology stocks in the United States saw significant gains. The S&P 500 (SPX) and the Nasdaq 100 (NDX) particularly benefited from strong momentum in the semiconductor sector.

At the center was Intel (INTC), whose stock rose by more than 20% after surprisingly strong quarterly results and a significantly raised outlook. The company pointed to "exceptionally strong demand" for data center processors related to artificial intelligence applications.

Advanced Micro Devices (AMD) and Arm Holdings (ARM) also recorded double-digit gains, while Nvidia (NVDA) also increased. Market participants interpret this as confirmation that the wave of investment in AI infrastructure remains unbroken and is increasingly reflected in real revenues.

Additional momentum came from other corporate announcements: Procter & Gamble (PG) exceeded expectations and confirmed its annual forecast, which supported the defensive market breadth. At the same time, Qualcomm (QCOM) rose ahead of its own results, while Taiwan Semiconductor Manufacturing Company (TSM) benefited from ongoing capital inflows into the sector.

The development was also supported by macroeconomic factors: Stable U.S. economic data and signals of geopolitical easing increased investors' risk appetite and supported the upward movement in American stock markets.

In Europe, however, more cautious signals prevailed from the earnings season. Volvo (VOLV-B) reported rising order intake but missed profit expectations.