On May 4th, the U.S. stock market still has room to rise. The Nasdaq and S&P just hit record closing highs, and the technical bull market trend remains intact. Tech stocks boosted market confidence after better-than-expected earnings reports from Apple and others. The easing of Middle East tensions led to a decline in oil prices, alleviating concerns about inflation and rate hikes, providing support for risk assets. Additionally, corporate buyback windows have reopened, with clear signs of capital returning. As long as this week's non-farm payroll data does not show significant surprises, U.S. stocks are expected to continue challenging new highs after consolidation, with the technology sector still being the main driving force.