[Chart courtesy of MarketWatch.com] It was a turnaround kind of day for the markets. The S&P 500 and Nasdaq started strong—both riding early gains—while the Dow lagged, dragged down by IBM’s 10% tumble after missing revenue targets. Big moves from the tech giants shaped the action: Alphabet popped 2% after beating Q2 revenue estimates, giving a boost to both the …
Dow Pops After Trump Strikes Major Japan Trade Deal
[Chart courtesy of MarketWatch.com] Stocks got a jolt this morning after President Trump announced a trade deal with Japan, sending the Dow up more than 200 points out of the gate. Hopes are running high that this “massive” agreement, which introduces a 15% tariff on Japanese goods instead of the 25% that was originally on the table, could spark even …
Gold Shines, Bitcoin Surges As Markets Look For Direction
[Chart courtesy of MarketWatch.com] Today’s market did a complete 180 from yesterday. Early optimism fizzled fast for the tech sector, dragging the Nasdaq lower, while the Dow held strong and managed to notch a gain by the closing bell. The main culprit? Chip stocks took a hit, with both Nvidia and Broadcom sliding by almost 3%—fallout from a Wall Street …
Bond Yields Dip, Gold Shines As Dollar Sinks
[Chart courtesy of MarketWatch.com] The major indexes got off to a running start this morning, with the Nasdaq leading the charge. Hopes for some good news on the trade front and more upbeat earnings reports fueled the mood, and both the S&P 500 and Nasdaq scored fresh all-time intraday highs. Big tech was in the spotlight again—Alphabet, Meta, and Apple …
Strong Data Lifts Equities, But All Eyes Remain On The Fed
[Chart courtesy of MarketWatch.com] The stock market kicked off today with a dose of optimism, backed by fresh economic data and a string of positive earnings announcements. Traders were clearly in a good mood, as about 88% of the 50 S&P 500 companies that reported this week managed to top expectations, giving confidence another solid boost. On the economic front, …
Calm Before The Squeeze: Markets Juggle Earnings, Inflation, And Powell Rumors
[Chart courtesy of MarketWatch.com] The markets started the day in neutral, with the major indexes barely budging as traders waited on earnings from the big banks and tried to make sense of the latest inflation data. Bank of America, Goldman Sachs, and Morgan Stanley all beat expectations, but their stock reactions were all over the place—some up, some down. Meanwhile, …