[Chart courtesy of MarketWatch.com] A positive start to the day fizzled out quickly, with the major indexes sliding into the red as traders waited for fresh developments out of the Middle East. With the current ceasefire set to expire on Wednesday, uncertainty once again took center stage. President Trump told CNBC that he expects the U.S. and Iran to reach …
Ceasefire Expiration Looms – Markets Tread Carefully
[Chart courtesy of MarketWatch.com] The major indexes opened lower as tensions between the U.S. and Iran heated up over the weekend, but traders are still holding onto hope that the two sides will eventually reach some kind of compromise. President Trump announced on Sunday that the U.S. had seized an Iranian-flagged cargo ship in the Gulf of Oman, and he …
Stocks Rebound Strongly – Iran Deal Optimism Fuels Gains
[Chart courtesy of MarketWatch.com] The S&P 500 and Nasdaq slipped after hitting fresh record highs earlier in the session, but they recovered nicely by the close. Both indexes are on track for a strong week, with the S&P up about 3% and the Nasdaq gaining more than 4%, while the Dow is up around 1%. Milestones were hit on Wednesday: …
Tech-Driven Rally Continues – Metals & Bitcoin Sideways
[Chart courtesy of MarketWatch.com] The S&P 500 and Nasdaq got off to a strong start, with the S&P moving to a new all-time intraday high as traders stayed hopeful that a deal to end the U.S.-Iran war could materialize soon. Broadcom was one of the standout performers, rising 3% after Meta extended its partnership to deploy custom chips using Broadcom’s …
Tech & Mag 7 Shine Bright – Another Solid Green Day
[Chart courtesy of MarketWatch.com] Yesterday’s optimism carried over nicely, and the major indexes kept climbing for another solid green day. The Nasdaq led the way with the strongest gains, while tech stocks continued to support the broader market. Oracle jumped 7% (building on its big move the day before), and Nvidia and Palantir kept climbing too. Traders were encouraged by …
Hope Springs Eternal — Even In A Blockaded Strait
[Chart courtesy of MarketWatch.com] After an early stumble, the S&P 500 and Nasdaq managed to claw their way back above unchanged, as traders continued to hang onto the hope that some kind of deal between the U.S. and Iran might eventually emerge. It wasn’t exactly conviction buying — more like cautious optimism refusing to die. Technology stocks helped keep the …