Thursday's trading session arrived amid a particularly dense stretch of earnings reports, prospects for an imminent Hormuz deal, and freshly released labor market data, all of which investors were working to digest in early trading. SanDisk shares were down more than 13% in early Thursday trading, while AMD, which had also reported earnings this week, fell more than 2%. A Warning From Wall Street's Biggest BankAmid the market's continued run to record territory, JPMorgan Chief Executive Jamie Dimon offered a note of caution this week, warning that leverage across financial markets remains historically elevated. A Strong Start to the WeekThursday's record extends a pattern that has held for much of the past week. Global Markets React to the Same CurrentsThe themes driving U.S. markets this week have echoed across global exchanges as well.