[Chart courtesy of MarketWatch.com] Stocks struggled to gain traction today, with the S&P 500 and Nasdaq coming under pressure early as a sell-off in chip stocks overshadowed an otherwise encouraging batch of earnings reports. In fact, earnings season is off to a strong start. Of the 40 S&P 500 companies that have reported so far, more than 87% have beaten …
Big Tech Takes The Wheel As Cooling Inflation Lifts Markets
[Chart courtesy of MarketWatch.com] Stocks got off to a strong start today, with Big Tech leading the charge as investors welcomed more signs that inflation continues to cool. Amazon, Apple, and Microsoft gained around 3%, while Alphabet added more than 1%, helping lift the major indexes. Risk appetite was also supported by strength in SpaceX shares. The market’s upbeat mood …
Cooler Inflation Sparks Rally As Tech, Gold, And Bitcoin Charge Higher
[Chart courtesy of MarketWatch.com] The S&P 500 and Nasdaq got off to a strong start today, led higher by semiconductor stocks after June inflation came in cooler than expected. The Consumer Price Index (CPI) fell 0.4% for the month, bringing the annual inflation rate down to 3.5%, well below economists’ expectations of 3.8%. The softer inflation data immediately fueled hopes …
Oil Surge And Middle East Tensions Send Stocks Lower As Tech Leads The Retreat
[Chart courtesy of MarketWatch.com] Stocks opened sharply lower after President Trump announced that the U.S. was reinstating what he described as a blockade on Iranian shipping in the Strait of Hormuz, sending oil prices soaring. In a series of posts on Truth Social, Trump said the U.S. would act as the “Guardian of the Hormuz Strait” and proposed a 20% …
Falling Oil And Bond Yields Help Power Market Rebound
[Chart courtesy of MarketWatch.com] Stocks moved higher right out of the gate, led by strength in semiconductor shares and aided by a pullback in oil prices, as traders looked past renewed tensions between the U.S. and Iran and focused on the broader market outlook. According to U.S. Central Command, the U.S. conducted a second consecutive day of strikes against Iranian …
Oil Surges, Yields Rise, But Dip-Buyers Keep The Nasdaq Afloat
[Chart courtesy of MarketWatch.com] Stocks came under pressure early in the session after President Trump told attendees at the NATO summit that the ceasefire with Iran was effectively over, reigniting concerns about escalating tensions in the Middle East. The comments sent oil prices sharply higher and sparked a risk-off move across much of the market. Adding to the unease, Trump …