[Chart courtesy of MarketWatch.com] The week kicked off with the Nasdaq as the only major index in the green, riding the AI wave hard after a flurry of big deals. Amazon, a Mag 7 heavyweight, jumped 4% on news of a $38 billion partnership with OpenAI—and get this, it’ll gobble up hundreds of thousands of Nvidia GPUs. That lit a …
Big Tech Tumbles, Metals Shine
[Chart courtesy of MarketWatch.com] Stocks slipped early on as tech earnings took center stage, with the S&P 500 and Nasdaq both retreating from recent highs. Alphabet provided a bright spot by rallying about 5% on better-than-expected results, but Meta Platforms and Microsoft tumbled roughly 12% and 2%, respectively, after their quarterly reports triggered investor worries over rising spending forecasts and …
Powell Pulls The Rug: Late-Day Selloff Follows Dovish Hopes
[Chart courtesy of MarketWatch.com] Stocks took off in early trading today, hitting record highs as traders cheered the Feds widely anticipated rate cut and yet another tech sector rally. Nvidia led the pack, soaring over 4% and making Wall Street history by becoming the world’s first $5 trillion company, fueled by relentless demand for AI chips. AMD and Micron piggybacked …
Tech Titans Lift Indexes As Breadth Falters
[Chart courtesy of MarketWatch.com] Stocks reached fresh highs Tuesday, but under the surface it was clear this was a tech-powered move—with most of the broad market sitting out the rally. Strong earnings from big names grabbed attention: United Parcel Service jumped 7% and Wayfair soared 20% on their upbeat third-quarter results, while PayPal rallied 11% after also topping expectations. Earnings …
Trade Deal Hopes Vault Markets To Record Highs
[Chart courtesy of MarketWatch.com] Stocks kicked off the week with a bang, hitting new record highs after U.S. and Chinese officials announced a breakthrough in trade talks over the weekend. The early rally never fizzled, with all three major indexes closing at all-time highs and the Nasdaq leading the way, up nearly 2% thanks to a surge in chip stocks …
Markets Rally As Optimism Builds Ahead Of CPI
[Chart courtesy of MarketWatch.com] Stocks kicked this session off on a strong note, with major indexes steadily building gains through the session as investor optimism returned to center stage. Coming off Wednesday’s selling, traders found renewed confidence in tech and industrial names, while upbeat talk around U.S.-China relations and better-than-expected home sales added fuel to the rebound. Even with tomorrow’s …