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BlockBeats News, April 28: The U.S. stock market continued its rally on Monday, with the S&P 500 closing up 0.12% at 7173.91 points, hitting another all-time high. Tom Lee, the founder of Fundstrat and known as the "Wall Street Oracle," stated that the market has largely absorbed the impact of the Iran conflict, and the S&P 500 is expected to further rise to 7700 points this year. In an interview with CNBC, Tom Lee described the U.S. economy as demonstrating "amazing resilience," indicating that the market has passed the current round of geopolitical stress test. He believes that despite the ongoing tension in the Middle East, investor sentiment has significantly "desensitized." Lee pointed out that the three core drivers currently boosting U.S. stocks are:Strong corporate earnings, with over 89% of companies reporting earnings above expectations;The productivity gains from AI are beginning to materialize;The recovery speed of the private credit market is faster than expected.He also mentioned that historical data shows U.S. stocks tend to swiftly price in major geopolitical conflicts early on and gradually rebound. Although the situation in the Strait of Hormuz continues to drive up oil prices, the U.S. economy currently maintains a strong anti-inflation capability. According to his forecast, the S&P 500 index still has about 7% upside potential to reach the 7700 point target.

If the transaction is successfully completed, it will mark a significant strategic adjustment in Chevron's layout for the Asian market. As a key facility and regional energy hub, the equity transfer of the Singapore refinery has attracted considerable attention within the industry. According to sources, negotiations between the two parties have entered the final stage, with specific transaction terms and the final selling price still being determined. This asset sale plan is an important part of Chevron's global asset optimization strategy, aiming to improve the company's overall operational efficiency. As a leading petroleum enterprise in Japan, the ENEOS Group's acquisition will further strengthen its business presence in the Southeast Asian market. The deal is expected to bring synergistic effects for both sides and optimize the configuration of the regional energy supply chain.

Glonghui, April 28 – Nucor Corporation (NUE.US) rose 4.7% in pre-market trading to $225.09. According to reports, Nucor Corporation’s first-quarter revenue reached $9.5 billion, surpassing analysts’ expectations of $8.88 billion. Earnings per share were $3.23, also above analysts’ forecast of $2.8. Nucor Chairman and CEO Leon Topalian stated that all three major operating segments achieved sequential earnings growth, benefiting from robust demand in key end-use markets, increased recent contributions from capital investments, and continued reduction of the impact of unfair trade imports on the US due to federal trade policy.