(Incorrect Gold print) [Chart courtesy of MarketWatch.com] Stocks opened with a slight uptick as investors chewed over new earnings reports and waited for the Fed’s interest rate decision. Even a stronger-than-expected GDP print—showing the U.S. economy growing at a 3% clip last quarter, well above forecasts—wasn’t enough to distract Wall Street from the main events: rates, Fed policy, and ongoing …
Stocks Fade Late As Traders Brace For Fed, Jobs Data, And Earnings
[Chart courtesy of MarketWatch.com] The S&P 500 started the day flat after squeezing out another record high, but excitement was nowhere to be found and trading stayed muted. By the closing bell, all the major indexes had slipped into the red, as the market couldn’t muster much momentum. It’s a huge week for earnings, with the “Magnificent Seven” tech giants—Meta, …
Markets Tread Water Ahead Of Fed, Earnings, And Data Storm
[Chart courtesy of MarketWatch.com] The week started on a cautious note as the Dow, S&P 500, and Nasdaq all opened in positive territory, but by the end of the session, Wall Street turned in a “nothingburger” performance. Despite an early rebound, the Dow lost steam later and slipped back, joining the other indexes in delivering a pretty uneventful day. Traders …
Dow Slips As S&P And Nasdaq Barely Hold Early Gains
[Chart courtesy of MarketWatch.com] It was a turnaround kind of day for the markets. The S&P 500 and Nasdaq started strong—both riding early gains—while the Dow lagged, dragged down by IBM’s 10% tumble after missing revenue targets. Big moves from the tech giants shaped the action: Alphabet popped 2% after beating Q2 revenue estimates, giving a boost to both the …
Dow Pops After Trump Strikes Major Japan Trade Deal
[Chart courtesy of MarketWatch.com] Stocks got a jolt this morning after President Trump announced a trade deal with Japan, sending the Dow up more than 200 points out of the gate. Hopes are running high that this “massive” agreement, which introduces a 15% tariff on Japanese goods instead of the 25% that was originally on the table, could spark even …
Gold Shines, Bitcoin Surges As Markets Look For Direction
[Chart courtesy of MarketWatch.com] Today’s market did a complete 180 from yesterday. Early optimism fizzled fast for the tech sector, dragging the Nasdaq lower, while the Dow held strong and managed to notch a gain by the closing bell. The main culprit? Chip stocks took a hit, with both Nvidia and Broadcom sliding by almost 3%—fallout from a Wall Street …