The S&P 500 index is trading higher today, currently at 7,563.88 points, up 0.58%, driven by strong corporate earnings from companies like Dollar Tree and Snowflake, which also benefited from a significant deal with Amazon. Fluctuations in oil prices due to US-Iran tensions, alongside the second estimate of Q1 US GDP showing a 1.6% annual increase and a 0.4% rise in April's PCE price index, also influenced market movements. Despite rising Treasury yields, with the 10-year yield nearing 4.50%, equity markets found support from rumours of a potential US-Iran deal later in the day.

The NASDAQ 100 index is trading higher today, currently at 30,230.15 points, marking a +0.86% increase. This ascent is largely attributed to strong corporate earnings from companies like Snowflake, which surged 33.3% on AI-driven growth, and continued optimism surrounding artificial intelligence's impact on businesses. Despite fluctuating oil prices due to geopolitical tensions and economic data showing a lowered Q1 GDP and elevated PCE inflation, the technology-heavy index has maintained its positive trajectory.

The Dow Jones Industrial Average is currently trading slightly down, registering 50,607.26 points, a decrease of 0.07% so far today. This marginal dip comes as renewed geopolitical tensions between the U.S. and Iran pushed oil prices higher, weighing on fuel-intensive sectors, while persistent inflation concerns were reinforced by the latest PCE data showing a 0.4% monthly increase. Despite these headwinds, strong corporate earnings from companies like Dollar Tree and Hormel Foods provided some underlying support to the broader market.