[Chart courtesy of MarketWatch.com] Today’s market action continued to highlight the ongoing rotation beneath the surface. The Dow posted a solid gain, while the Nasdaq remained under pressure as semiconductor stocks struggled again, leaving the tech-heavy index about 10% below its intraday peak. The real story is that investors are still shifting money from high-flying technology names into more traditional …
Headline-Driven Market Stumbles As Traders Await Fed And AI Earnings Test
[Chart courtesy of MarketWatch.com] After opening higher, the S&P 500 and Nasdaq quickly reversed course as semiconductor stocks came under heavy selling pressure, overshadowing the relative calm that followed the weekend’s pause in hostilities between the U.S. and Iran. Chipmakers led the retreat. The VanEck Semiconductor ETF (SMH) tumbled 3.7%, extending Friday’s losses. AMD and Teradyne each fell more than …
Oil Shock, AI Spending Fears, And Earnings Misses Slam Stocks
[Chart courtesy of MarketWatch.com] Stocks had a rough day as a combination of rising geopolitical tensions, surging oil prices, and disappointing reactions to major earnings reports sent traders heading for the exits. The biggest catalyst was a sharp jump in crude oil after Yemen’s Iran-backed Houthi militants claimed attacks on two Saudi oil tankers in the Red Sea, reigniting fears …
Is The Calm About To Break? VIX Signals Higher Volatility Ahead
[Chart courtesy of MarketWatch.com] The S&P 500 spent most of the session treading water as rising oil prices kept buyers cautious ahead of another packed day of corporate earnings reports. Oil moved higher after the 11th consecutive round of U.S. strikes against Iran, with Secretary of State Marco Rubio stating that Iran is “not serious about talks.” He also reiterated …
Tech Leads The Charge While Gold, Silver, And Bitcoin Surge
[Chart courtesy of MarketWatch.com] Despite fresh strikes on Iran and higher oil prices, stocks shrugged off geopolitical concerns and moved higher right from the opening bell. Traders appeared more focused on a growing list of positive corporate earnings reports, with chipmakers and technology stocks leading the charge. Earnings season continues to get off to a strong start. Industrial giant 3M …
Bitcoin And Copper Stand Out While Stocks Slip Back Into The Red
[Chart courtesy of MarketWatch.com] Stocks got off to a strong start, with the S&P 500 and Nasdaq moving higher as oil prices swung back and forth in response to the latest developments in the ongoing U.S.-Iran conflict. Semiconductor stocks provided additional support, helping lift the broader market early in the session. Overnight, the U.S. carried out its ninth consecutive day …