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Pre-Markets Up on Ceasefire, Mostly Solid Q1 Earnings
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Key Takeaways
Ceasefire in Iran & Solid Q1 Earnings Help Buoy Pre-Markets
Questions Remain About New Fed Chair a Week from FOMC Meeting
Results from BA, GEV, CME Kick Off Big Day for Q1 Earnings
Wednesday, April 22nd, 2026
Pre-market trading resumes April’s winning ways, climbing out of a shallow -0.60% hole from Tuesday’s session. An extended ceasefire in Iran helps soothe investors’ nerves, and market participants are looking past testimony of nominated Fed Chair Kevin Warsh on Capitol Hill yesterday. The Dow is +303 points at this hour, +0.61%, the S&P 500 +44 points, +0.63%, the Nasdaq +214, +0.80%, and the small-cap Russell 2000 +23, +0.85%.
Spot oil prices are up a bit, as the Strait of Hormuz remains blocked until further notice, but Q1 earnings season has performed about as well as reasonably expected. We see the results in the equities market with the Nasdaq leading once again — reviving the strong “AI trade” which advanced much of the stock market in 2025.
As far as the new Fed Chair goes, Warsh did not directly pledge allegiance to rate cuts. But until issues with current Fed Chair Jerome Powell are resolved — specifically Senator Thom Tillis’ (R-NC) insistence that the Department of Justice drop the probe into Powell’s handling of development funds — we expect to continue onward with Powell as Fed Chair, perhaps beyond next week’s FOMC meeting.
Q1 Earnings Results Ahead of the Bell: BA, GEV, CME
Boeing (BA - Free Report) posted a big improvement on its bottom line in Q1 results this morning. Negative earnings per share of -$0.20 is much better than the -$0.95 in the Zacks consensus, on revenues of $22.22 billion in the quarter, +3.53% better than expectations and the $19.5 billion reported in the year-ago quarter. Commercial jet deliveries improved, and shares are up +4.7% in pre-market trading. For more on BA’s earnings, click here.
GE Vernova (GEV - Free Report) — the equipment manufacturing and services firm spun-off from GE two years ago — posted strong numbers in its Q1 report this morning. Earnings of $1.98 per share outpaced the $1.84 anticipated, on $9.34 billion in revenues which narrowly outperformed expectations and a big improvement from $8.03 billion reported a year ago. Shares are up another +7% this morning, adding to the +51% gains year to date. For more on GEV’s earnings, click here.
Chicago-based CME Group (CME - Free Report) , on the other hand, missed on Q1 earnings by a penny to $3.36 per share this morning. Revenues of $1.88 billion were -1.78% lower than estimated, but up from $1.64 billion reported in the year-ago quarter. Shares are down -1.5% on the news, and still narrowly positive year to date. For more on CME’s earnings, click here.
What to Expect from the Market Today
We have no major economic reports either before or after today’s normal trading session, as we’re a week out from the Fed’s next interest rate decision (and may be Powell’s final meeting in his three-term tenure, but not definitely) and a day away from Weekly Jobless Claims. After the close today, Tesla (TSLA - Free Report) , IBM (IBM - Free Report) , Texas Instruments (TXN - Free Report) , Southwest Airlines (LUV - Free Report) and ServiceNow (NOW - Free Report) report quarterly earnings results.
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Pre-Markets Up on Ceasefire, Mostly Solid Q1 Earnings
Key Takeaways
Wednesday, April 22nd, 2026
Pre-market trading resumes April’s winning ways, climbing out of a shallow -0.60% hole from Tuesday’s session. An extended ceasefire in Iran helps soothe investors’ nerves, and market participants are looking past testimony of nominated Fed Chair Kevin Warsh on Capitol Hill yesterday. The Dow is +303 points at this hour, +0.61%, the S&P 500 +44 points, +0.63%, the Nasdaq +214, +0.80%, and the small-cap Russell 2000 +23, +0.85%.
Spot oil prices are up a bit, as the Strait of Hormuz remains blocked until further notice, but Q1 earnings season has performed about as well as reasonably expected. We see the results in the equities market with the Nasdaq leading once again — reviving the strong “AI trade” which advanced much of the stock market in 2025.
As far as the new Fed Chair goes, Warsh did not directly pledge allegiance to rate cuts. But until issues with current Fed Chair Jerome Powell are resolved — specifically Senator Thom Tillis’ (R-NC) insistence that the Department of Justice drop the probe into Powell’s handling of development funds — we expect to continue onward with Powell as Fed Chair, perhaps beyond next week’s FOMC meeting.
Q1 Earnings Results Ahead of the Bell: BA, GEV, CME
Boeing (BA - Free Report) posted a big improvement on its bottom line in Q1 results this morning. Negative earnings per share of -$0.20 is much better than the -$0.95 in the Zacks consensus, on revenues of $22.22 billion in the quarter, +3.53% better than expectations and the $19.5 billion reported in the year-ago quarter. Commercial jet deliveries improved, and shares are up +4.7% in pre-market trading. For more on BA’s earnings, click here.
GE Vernova (GEV - Free Report) — the equipment manufacturing and services firm spun-off from GE two years ago — posted strong numbers in its Q1 report this morning. Earnings of $1.98 per share outpaced the $1.84 anticipated, on $9.34 billion in revenues which narrowly outperformed expectations and a big improvement from $8.03 billion reported a year ago. Shares are up another +7% this morning, adding to the +51% gains year to date. For more on GEV’s earnings, click here.
Chicago-based CME Group (CME - Free Report) , on the other hand, missed on Q1 earnings by a penny to $3.36 per share this morning. Revenues of $1.88 billion were -1.78% lower than estimated, but up from $1.64 billion reported in the year-ago quarter. Shares are down -1.5% on the news, and still narrowly positive year to date. For more on CME’s earnings, click here.
What to Expect from the Market Today
We have no major economic reports either before or after today’s normal trading session, as we’re a week out from the Fed’s next interest rate decision (and may be Powell’s final meeting in his three-term tenure, but not definitely) and a day away from Weekly Jobless Claims. After the close today, Tesla (TSLA - Free Report) , IBM (IBM - Free Report) , Texas Instruments (TXN - Free Report) , Southwest Airlines (LUV - Free Report) and ServiceNow (NOW - Free Report) report quarterly earnings results.
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