Nike Stock Slides on Weak Outlook, OpenAI Raises $122 Billion

Markets closed out a turbulent Q1 with a sharp rally on Tuesday, driven by signals of de-escalation in the US-Iran conflict, alongside key corporate updates including Nike's weak outlook, OpenAI's record funding, select stock moves, and a new AI investing tool from Public.com.

Q1 Market Rally Amid Iran Tensions

Stocks surged Tuesday as President Trump indicated US forces would withdraw from Iran in two to three weeks, while Iran's news agency reported the president open to ending the conflict. The S&P 500 rose 2.9%, Nasdaq 3.8%, and Dow over 1,100 points, with more than 400 S&P 500 stocks green and oil prices retreating. This relief rally highlighted risks of bearish positioning, as positive headlines sparked quick gains.

Despite the bounce, Q1 was rough: S&P 500 down 4.6%, Nasdaq 7.1%—the worst quarter in nearly four years. Ongoing uncertainties persist, including the closed Strait of Hormuz and fresh threats from Iran targeting US tech firms like Nvidia, Apple, Microsoft, and Google in the Gulf. Markets remain headline-driven, with daily volatility tied to the conflict.