Doubts

• Die Ölpreise stiegen aufgrund des Iran-USA-Konflikts, der die weltweite Versorgung bedroht, stark an, doch US-Aktien blieben am 29. April 2026 dank starker Quartalszahlen von Visa und Starbucks widerstandsfähig nahe ihrer Rekordmarken. • Der S&P 500 gab um 0,1 % nach, der Dow fiel um 286 Punkte oder 0,6 %, während der Nasdaq um 0,1 % stieg; Visa-Aktien sprangen um 8,3 % nach oben aufgrund robuster Konsumausgaben laut CEO Ryan McInerney, Starbucks legte um 8,6 % zu dank höherer Ausgaben pro Besuch in Nordamerika. • Vertreter der Federal Reserve deuteten an, dass es 2026 keine Zinssenkungen geben werde, was die Wetten der Anleger fast vollständig zunichtemachte und aufgrund der inflationären Energiepreise beinahe Zinserhöhungen favorisierte; der Anleihemarkt geriet ins Zittern.

Standoff between Iran and US continues as both impose blockades of critical shipping waterway Iranian forces have seized two ships in the strait of Hormuz, as the US and Iran doubled down on imposing separate blockades of the critical shipping waterway that have choked global energy markets.The standoff over the narrow waterway – through which about 20% of the world’s oil and liquefied natural gas passed through during peacetime – raised doubts about whether stalled peace negotiations would resume. Continue reading...

• Oracle reported earnings that exceeded expectations, lifting its stock price, while Adobe continues to face investor skepticism over its AI strategy and competitive positioning amid broader tech sector repricing. • Morningstar downgraded Adobe's economic moat rating alongside Salesforce and ServiceNow, citing concerns that AI disruption could erode traditional software competitive advantages and justify lower valuation multiples. • The broader earnings season reveals a disconnect between traditional valuation metrics and AI disruption risks, prompting investors to reassess which software companies can sustain pricing power and market share in an AI-transformed landscape.

• Adobe's CEO announced his resignation on March 13, 2026, causing the stock to plunge 7.6% in U.S. trading on Friday amid renewed skepticism over its AI initiatives. • The S&P 500 fell 0.6% to around 6,632, with Nasdaq Composite down 0.9%, pressured by oil prices near $100 per barrel from Iran tensions. • This leadership change revives investor concerns about Adobe's competitiveness in AI tools against rivals like OpenAI integrations in competitors.