Market "Optimism" Returns, SNDK & RDDT Rally While AMAT Falls on Earnings

"Optimism has returned to markets," says Tom White, though he believes it won't come without volatility. Constant conflicting headlines out of the Strait of Hormuz serve as a lingering headwind for equities and crude oil. Tom talks about some equity movers like Applied Materials (AMAT) as shares move lower after earnings. SanDisk (SNDK) is continuing its run higher following bullish comment from its investor day and raised price targets from analysts. Reddit's (RDDT) upcoming inclusion into the S&P 500 (SPX) helped shares rally Friday morning.

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