Rally Stalls After Strong Surge to Start the Week

S&P 500 is little changed as traders try to build on strong rebound from April low (CNBC)

US Announces More Than $243 Billion in Deals With Qatar (Bloomberg)

Trump’s Mideast Visit Opens Floodgate of AI Deals Led by Nvidia (Bloomberg)

Bank of America raises price targets on Nvidia, AMD after the pair land Saudi deals during Trump visit (CNBC)

Mortgage demand from homebuyers continues to recover, even with higher interest rates (CNBC)

Chinese e-commerce sites offer discounts of up to $351 on Apple’s latest iPhones (Reuters)

Foxconn Posts Strong Profit But Lowers Guidance Amid Tariff Risks (WSJ)

US warns against using Huawei chips ‘anywhere in the world’ (Financial Times)

HBO Max is coming back — Warner Bros. Discovery is renaming its streaming service, again (CNBC)