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S&P 500 and Nasdaq hit records despite Iran war; Pepsi snacks boost earnings; Allbirds pivots to AI with $50M funding.

Market News
16 Apr 2026
CNBC
View Source
Bullish
pluang ai news

The S&P 500 and Nasdaq Composite reached all-time highs amid ongoing concerns about the Iran war's economic impact, with investors hopeful for a peace deal. Oil prices and energy supply disruptions, especially in Europe, remain key risks. PepsiCo reported strong Q1 earnings driven by snack sales after price cuts, despite a drop in beverage volume. Meanwhile, Allbirds is shifting focus to artificial intelligence, rebranding as NewBird AI and planning to raise $50 million in funding. Other notable events include a Federal Reserve probe and Amazon sellers boycotting its ad platform over new fees.

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