Stock Market Live April 1, 2026: S&P 500 (SPY) Rockets on End of War Hopes

Live Updates

US FDA Just Approved Eli Lilly’s GLP-1 Pill

1 hour ago

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Shares of LLY are up about $40 a share after the US FDA approved its GLP-1 pill for weight loss.

That comes just a few months after LLY submitted the drug to the agency, as part of a program that grants speedy reviews for drugs that are considered a national priority. That means Lilly will introduce its Foundayo only about three months behind Novo Nordisk’s Wegovy pill, setting the stage for the next battle between the rival drugmakers in the next frontier for GLP-1 drugs,” according to CNBC.

The new medication will be a once-a-day pill that will start shipping from LLY’S direct-to-consumer platform, LillyDirect, on Monday.

“People living with obesity need treatment options that meet them where they are – and for many, a once-daily pill that can be taken with no food or water restrictions can offer them greater flexibility in how they approach their treatment,” said Deborah Horn, DO, director of the Center for Obesity Medicine at McGovern Medical School at UTHealth Houston, as quoted by a LLY press release.

“With Foundayo, we now have an oral option that delivered an average of 12.4% weight loss at the highest dose in clinical trials – addressing both the clinical realities of obesity and the practical challenges patients face every day.”

Wells Fargo Just Added AMD to its Tactical Ides List

3 hours ago

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Shares of Advanced Micro Devices (NASDAQ: AMD | AMD Price Prediction) are up by $3.60 in premarket after Wells Fargo added it to its tactical ideas list.

Oversold, AMD has been trading in a channel between $195 and $221 since the start of February.  It’s now at the lower end of the channel, where it’s just starting to pivot higher. From its last traded price of $203.43, we’d like to see it rally back to $220 initially.

 

With hopes that the war with Iran is ending, the major indices are exploding.

The S&P 500 is up 0.69%, or by 45 points. The SPDR S&P 500 ETF (SPY) is up 0.65%, or by $4.23. The Dow is up 0.6%, or by 286 points. The Nasdaq is up 0.7%, or by 233 points. Oil is down 2.54%, or by $2.60 at $98.79. Gold is up about $100 at $4,748. Bitcoin is up $213 at $68,448. All on hopes the war with Iran will soon end.

According to President Trump, the war could be over in two to three weeks.

“We have had regime change. Now, regime change was not one of the things I had as a goal. I had one goal: they will have no nuclear weapon, and that goal has been attained. They will not have nuclear weapons. But we’re finishing the job, and I think within maybe two weeks, maybe a couple of days longer, to do the job. But we want to knock out every single they have,” Trump said from the Oval Office, as quoted by CNN.

Not helping, Iran has threatened to attack U.S. tech companies with operations in the Middle East, including Nvidia Apple, Microsoft, and Google. As noted by CNBC, “Attacks on those companies would begin from 8 p.m. on Wednesday, April 1, Tehran time (12:30 p.m. EDT), the IRGC said in a post on Telegram translated by Google, warning employees at those companies to leave workplaces immediately to protect their lives.”

Market Movers: Oracle Jumps $3.30 in premarket 

Shares of Oracle (NYSE: ORCL) are up about $3.30 on its plans to cut thousands of jobs. All in an effort to free up cash to build AI data center infrastructure. Analysts at Barclays noted that Oracle could triple its revenue over the next three years with a smaller headcount and lower operating costs. 

Benchmark just initiated a buy rating on Microsoft (NASDAQ: MSFT) with a price target of $450, noting that MSFT is a “juggernaut that empowers enterprise/consumer via its comprehensive portfolio of digital applications, collaboration & communication tools, and cloud services,” as quoted by CNBC. 

Analysts at Cantor Fitzgerald just reiterated an outperform rating on Nvidia (NASDAQ: NVDA). The firm says it’s bullish on NVDA’s partnership with Marvell (NASDAQ: MRVL). The firm added that the deal is an “incremental positive as the announcement allows yet another avenue for NVIDIA to penetrate large hyper scaler customers outside traditional GPU compute.”