[Chart courtesy of MarketWatch.com] After the bulls enjoyed a victory lap yesterday, the bears grabbed the microphone today and reminded everyone who’s still paying the bills. Stocks sold off sharply as fresh concerns surfaced about the massive capital demands of the AI race, raising questions about how much spending investors are willing to fund before seeing meaningful returns. Tech led …
Tech Takes Back The Wheel As AI Optimism Returns
[Chart courtesy of MarketWatch.com] The bulls found their footing today as technology stocks bounced back into favor. Much of the enthusiasm centered around Elon Musk’s empire, with SpaceX surging after reporting explosive revenue growth and news that SpaceX and Tesla have formed committees to explore a potential merger. Tesla joined the rally as investors looked ahead to its earnings report. …
A Good Day For The Other 493: Broad Market Outshines Big Tech
[Chart courtesy of MarketWatch.com] Today was a reminder that the market is a lot bigger than just the Magnificent 7. Tech tried to lead early, but the Nasdaq’s rally ran out of steam and drifted back toward unchanged by the close. Instead, the baton was handed to the broader market, with the Dow taking center stage and the S&P 493 …
Mag 7 Saves The Day While The Rest Of The Market Waits
[Chart courtesy of MarketWatch.com] The market found its footing today as investors tiptoed back into tech after last week’s AI-driven selloff. The Nasdaq led the rebound, with chip stocks doing much of the heavy lifting. Intel jumped 5% following an analyst upgrade, while AMD and Micron joined the party with solid gains of their own. The bigger story, however, is …
AI Doubts And Inflation Fears Leave Markets Searching For Direction
[Chart courtesy of MarketWatch.com] Today felt a little like a reality check for the AI trade. Traders grew increasingly nervous about whether some companies are spending too aggressively on artificial intelligence, while another round of inflation data reminded everyone that the Fed may not be off the hook just yet. The Dow came out strong early, but technology stocks struggled …
Inflation Reheats, Markets Cool Off
[Chart courtesy of MarketWatch.com] Markets came into the day hoping inflation would keep cooling, but September’s CPI report had other ideas. A slightly hotter-than-expected reading sent bond yields higher, strengthened the dollar, and put immediate pressure on stocks as investors once again questioned how long interest rates may stay elevated. What stood out wasn’t just the inflation data. Several major …