[Chart courtesy of MarketWatch.com] Mixed quarterly results from Alphabet and chipmaker AMD (-6%) negatively impacted the S&P 500 and Nasdaq, causing both indices to dip below their respective unchanged lines. However, by the end of the session, both managed to recover and close with moderate gains, marking a “dump and pump” kind of day. Alphabet shares fell by 8% after …
Gold And Meta Set New Records Amid Market Gains
[Chart courtesy of MarketWatch.com] Following yesterday’s pullback, the major indexes regained some stability and edged higher after the market opened. The Nasdaq led the rebound, while the Dow lagged, but all three indexes managed to close in the green. China’s latest tariff response included imposing 15% duties on U.S. imports of coal and liquefied natural gas, and 10% on crude …
Markets Plunge Amid Global Tariff Concerns, Bitcoin Rebounds Strongly
[Chart courtesy of MarketWatch.com] This morning, the markets underwent a sharp sell-off as the impact of Trump’s tariffs on key trading partners, Canada, and Mexico, echoed globally. Concerns about a potential escalation into a full-blown trade war, disruption of worldwide supply chains, economic slowdown, and rising inflation are valid. However, it remains to be seen if today’s market reaction was …
Markets Edge Higher Amid Earnings Deluge; Tesla And Meta Shine
[Chart courtesy of MarketWatch.com] The markets saw a slight uptick after the opening bell as traders navigated a flood of earnings reports from several mega-cap companies. The overall outcome was positive for the major indexes, with Meta gaining 1.6% and Tesla rising 2.9%. However, Microsoft fell over 6% due to a disappointing revenue forecast. Notably, Tesla managed to shrug off …
Tech Stocks Hit Hard As Fed Maintains Rate; Bitcoin Surges
[Chart courtesy of MarketWatch.com] After yesterday’s comeback rally, equities slipped this morning ahead of the Federal Reserve’s latest policy decision on interest rates, expected after 11 am PST. The odds were nearly 100% that the Central Bank will maintain rates within the target range of 4.25% to 4.5%. As usual, traders are primarily focused on Chairman Powell’s comments, especially since …
AI Sector Shaken By “DeepSeek’s” Competitive Edge
[Chart courtesy of MarketWatch.com] The major indexes experienced a sharp decline right after the market opened, driven by the emergence of a Chinese startup called DeepSeek. This company posed a significant threat to existing AI models by offering competitive solutions at a fraction of the cost. Last week, DeepSeek released an open-source AI simulator that not only outperformed OpenAI’s models …