S&P 500+0.55%▲: 7,561.64, modest advance with gains concentrated in Energy and Technology. Nasdaq+0.78%▲: 26,883.85, reached fresh intraday records alongside strength in large-cap tech. Russell 2000+0.68%▲: 2,939.92, small-cap strength lagging only slightly behind major benchmarks. Dow+0.08%▲: 50,682.35, flat-to-higher with mixed performance across industrial names. VIX-2.89%▼: 15.82, implied volatility declined to the mid-teens, reflecting lower option-implied volatility. Crypto: BTC+2.02%▲: roughly $73,291 and ETH+1.60%▲: roughly $2,020 on CoinMarketCap, with both tokens trading higher on the day. What's driving the market this week April PCE showed monthly headline inflation +0.4% and core PCE +0.2%, with year-over-year headline at 3.8%, a softer core print that supported equity gains after the release. Nasdaq’s new highs were reported in the wake of the cooler PCE print and reports of Iran ceasefire talks, which together coincided with strength in large-cap tech. A U.S. regulator and Gemini filed to vacate a prior $5 million consent order, altering a key crypto regulatory headline and coinciding with today’s crypto gains.