[Chart courtesy of MarketWatch.com] The market spent most of the day treading water as investors balanced another round of earnings reports against the ever-changing headlines out of the Middle East. While discussions around reopening the Strait of Hormuz helped keep hopes alive, the details still matter, and the market seems to be growing a bit skeptical of promises before seeing …
Gold Steals The Show As Stocks Pause Near Record Highs
[Chart courtesy of MarketWatch.com] Stocks came out of the gate with plenty of energy today, pushing the S&P 500 to another intraday record as investors cheered strong earnings and growing optimism that the Strait of Hormuz could reopen sooner rather than later. By the closing bell, however, much of that enthusiasm had cooled. The Dow held on to most of …
Wall Street Throws A Party: Earnings Up, Oil Down, Stocks Soar
[Chart courtesy of MarketWatch.com] Today’s rally had two clear drivers: stronger-than-expected earnings and a sudden drop in geopolitical anxiety. Traders cheered upbeat results from companies like Palantir and Caterpillar, while comments suggesting progress in U.S.-Iran talks helped send oil prices lower, easing one of the market’s biggest recent concerns. The result? Stocks took off and never really looked back. The …
Oil Drops, Stocks Climb: A Better Mood, But Not Quite A Victory Lap
[Chart courtesy of MarketWatch.com] Stocks started the new month on the right foot after President Trump said planned strikes against Iran had been called off and that talks would resume. The news took some geopolitical premium out of the market, sending oil prices sharply lower and giving investors a reason to put risk assets back in their shopping carts. Crude …
AI Winners Take The Wheel: Stocks Surge, Gold Shines, Bitcoin Tags Along
[Chart courtesy of MarketWatch.com] It looked like the market served up a classic reminder that investors have a short memory when there’s good news on the table. After yesterday’s Fed-induced selloff, stocks came roaring back, led by Microsoft, whose Azure-fueled earnings report had investors reaching for a second helping. Semiconductor stocks happily joined the feast, turning AI optimism back into …
Fed Relief Rally Meets Geopolitical Reality
[Chart courtesy of MarketWatch.com] Stocks came out of the gate on the wrong foot as higher oil prices and continued weakness in chip stocks kept sellers in control. The Fed’s decision to leave rates unchanged briefly changed the mood, sparking a relief rally that had traders feeling a little better about life. That optimism didn’t last long. News of Iran’s …