[Chart courtesy of MarketWatch.com] Early trading saw two of the major indexes fluctuating near their unchanged lines, while the Nasdaq stood out with a clear upward move, reflecting pockets of bullish sentiment. The market’s attention was firmly on the passage of a sweeping tax and spending bill in the House, which aims to lower taxes and boost military spending but …
Bitcoin Soars, Gold Glows, Equities Slide: A Volatile Day Across Asset Classes
[Chart courtesy of MarketWatch.com] The markets opened on a weak note as rising bond yields and uncertainty surrounding the U.S. budget bill weighed on sentiment. Traders remained focused on developments in Washington, where Republican leaders are working to finalize a bill aimed at lowering taxes while expanding deductions for state and local taxes. While potentially beneficial for taxpayers, the proposal …
Gold Shines, Bitcoin Soars, But Equities Struggle For Direction
[Chart courtesy of MarketWatch.com] A lack of positive sentiment weighed on early trading, sending the major indexes into the red, with the tech sector leading the decline. Despite a late-session recovery attempt, the indexes remained below their opening levels, as overall market momentum appeared subdued. The S&P 500 has staged an impressive rebound from its April lows and now sits …
U.S. Credit Downgrade Sparks Volatility: Gold Rallies, Dollar Slips
[Chart courtesy of MarketWatch.com] The major indexes opened in negative territory as markets reacted to Moody’s decision to downgrade the U.S. credit rating from AAA to Aa1. The move was driven by mounting concerns over the ballooning federal deficit and the challenges of refinancing government debt at higher interest rates. This downgrade immediately pressured bond prices, sending yields sharply higher …
Markets Mixed As Tech Lags And Uncertainty Looms
[Chart courtesy of MarketWatch.com] Equities opened lower as early optimism faded, with all three major indexes dipping into negative territory. The temporary suspension of the U.S.–China tariff dispute faded from focus, offering little support. By the close, only the Dow and S&P 500 managed to claw back into positive territory, while the Nasdaq remained in the red. Investor sentiment remains …
Market Uncertainty Persists Despite Positive Middle East Headlines
[Chart courtesy of MarketWatch.com] Equities were mixed in early trading but gained some ground as bullish sentiment persisted. The tech sector continued to lead, with Nvidia rising over 2% following news that Saudi Arabia purchased 18,000 of its highly rated AI chips. Fellow chipmaker AMD surged more than 7% due to a $6 billion buyback. The S&P 500 finally reached …