[Chart courtesy of MarketWatch.com] The morning started off mixed as traders waited on the Fed’s policy announcement, and there was no shortage of big headlines. Nvidia dipped after word got out that China is blocking its chips, while all eyes were on Jerome Powell for clues about the interest rate outlook and the state of the economy. As expected, the …
Stocks Wobble With Mixed Data As Dollar Slides, Gold Soars
[Chart courtesy of MarketWatch.com] Stocks wobbled this morning as traders kept one eye on the Fed meeting and the other on fresh headlines from the U.S.-China trade front. Oracle stood out, climbing 4% after word got out the company will help keep TikTok running in the U.S. as part of a newly confirmed “trusted technology provider” partnership. The deal came …
S&P 500, Nasdaq, Gold, Set Records As Trade Talks Lift Sentiment
[Chart courtesy of MarketWatch.com] The major indexes tried to add to last week’s gains today, driven by upbeat headlines from the latest U.S.-China trade talks and traders bracing for the Fed’s big meeting on rates. Both the S&P 500 and Nasdaq even climbed to new record highs, powered by strong showings in the tech sector and hints from President Trump …
Wall Street Cheers As Inflation Lands Near Forecast
[Chart courtesy of MarketWatch.com] Stocks shot higher this morning as traders cheered the latest inflation data, hoping the numbers wouldn’t get in the way of a long-awaited Fed rate cut next week. All three major indexes notched new all-time highs during the session, thanks in part to a hefty short-squeeze that sent the bears running. The CPI report was a …
AI, Gold Shine As Traders Brace For Inflation Numbers
[Chart courtesy of MarketWatch.com] The S&P 500 jumped to another record this morning after wholesale inflation surprised traders by falling—a welcome sign for anyone hoping the Fed will finally pull the trigger on a rate cut next week. Oracle stole the show, with its shares rocketing more than 40% after a blockbuster AI-fueled forecast that rippled out across the tech …
Will Weak Jobs And Higher Inflation Finally Cool The Market?
[Chart courtesy of MarketWatch.com] The push to extend yesterday’s rally sputtered out pretty quickly today. After some early enthusiasm, the major indexes slipped back and mostly hovered near unchanged before managing to eke out modest gains by the closing bell. The big news from the Labor Department was a huge revision to last year’s job growth—turns out they overestimated by …