[Chart courtesy of MarketWatch.com] Despite a weak jobs report, stocks opened higher. ADP reported that private sector hiring added just 37,000 jobs in May—way below the already-lowered April figure of 60,000 and far short of the 110,000 economists were expecting. That’s raising eyebrows ahead of Friday’s big non-farm payroll report, which is forecast to show a gain of 125,000. The …
Stocks Rally On Job Openings Boost—But Will Payrolls Play Along?
[Chart courtesy of MarketWatch.com] Markets picked up where they left off yesterday, building on modest gains despite a flat start as traders kept a close eye on potential developments in U.S.-China trade talks.** However, not everything was working in the bulls’ favor. The OECD trimmed its U.S. growth forecast to 1.6% from 2.2%, casting a bit of a shadow over …
Gold And Silver Shine As Trade Fears Weigh On Dollar
[Chart courtesy of MarketWatch.com] Global trade tensions had markets on edge early in the day, with major indexes slipping into the red right out of the gate. The pressure came after China pushed back on U.S. claims that it had violated a temporary trade deal—blaming Washington for not holding up its end. The back-and-forth between the two powers made it …
Muted Gains As Trade Uncertainty Tempers Nvidia Rally
[Chart courtesy of MarketWatch.com] Nvidia lit the fuse this morning with a strong earnings report, but the rally didn’t quite explode. While the chip giant’s results gave markets an early boost, excitement faded as traders turned their attention to trade policy uncertainty. A federal court ruling struck down Trump’s “reciprocal” tariffs, saying he overstepped his authority—raising fresh doubts about how …
Flat Trading Turns Sour After White House Chip Crackdown
[Chart courtesy of MarketWatch.com] The markets treaded water today as investors played the waiting game ahead of some big news—most notably, Nvidia’s earnings report and the latest Fed meeting minutes. Nvidia is set to report after the bell, and traders are watching closely, especially with growing concerns about how U.S. restrictions on chip sales to China might impact the AI …
Stocks Surge On Tariff Reprieve And Confidence Boost
[Chart courtesy of MarketWatch.com] The market’s back-and-forth news action continued, but this time stocks came out on top. Over the weekend, Trump announced he’d delay 50% of the planned tariffs on European imports until July 9th—something the head of the European Commission had requested. That news lit a fire under futures, and the momentum carried through the regular session as …