[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 …
Crude Oil Falls And Bitcoin Surges As Markets Show Mixed Reactions
[Chart courtesy of MarketWatch.com] Yesterday, the S&P 500 set an intra-day record, but it slipped early today as the overall markets showed weakness, likely due to profit-taking. However, the index regained momentum later in the session, closing in the green once again. Recent market advances have been fueled by optimism surrounding potential tax cuts and deregulation under the Trump administration, …
Tech Sector Drives S&P 500 To New Record High Amid AI Optimism
[Chart courtesy of MarketWatch.com] Bullish sentiment persisted today, with the S&P 500 reaching a new all-time high, driven by strong performance in the tech sector. The Nasdaq led the way, while Small Caps lagged and ended the session in the red. Oracle (+6%) and Nvidia (+4%) saw significant gains, fueled by optimism surrounding AI and the announcement of a $500 …
Gold And Bitcoin Rebound Strongly, Oil Prices Decline
[Chart courtesy of MarketWatch.com] The major indexes began the “post-inauguration” session with a positive outlook, as traders interpreted Trump’s comments on tariffs as less severe than initially anticipated. Small Caps led the early surge, bolstered by a better-than-expected earnings report from 3M, which saw its stock rise by more than 4%. Mega-tech companies like Amazon and Alphabet also contributed to …
Gold Surges To Election Highs As Bitcoin Rebounds
[Chart courtesy of MarketWatch.com] Equities saw a bounce but ultimately pulled back during the session following yesterday’s strong advances, as traders analyzed the latest earnings reports. Banks such as Bank of America and Morgan Stanley saw gains after surpassing expectations, like their peers JP Morgan and Goldman Sachs from the previous day. This earnings season is off to a promising …