[Chart courtesy of MarketWatch.com] The major indexes dipped into the red early as simmering U.S.-Iran tensions and a mixed reaction to Walmart’s results kept traders on edge. Even though Walmart shares rose about 2% after beating Q4 expectations, its full-year earnings outlook came in disappointingly light, which weighed on sentiment. Oil prices climbed back above $66 amid the Iran standoff …
Early Rally Holds – Tech & Metals Lift Indexes Higher
[Chart courtesy of MarketWatch.com] The major indexes jumped right out of the gate and held onto solid gains most of the day, fueled by strength in key tech names, as traders waited for the Fed’s latest minutes and eyed the big PCE inflation report coming Friday. Nvidia climbed more than 2% after Meta announced it’s going to load up on …
Early Selloff Fades – Software Still Hurting, Metals Slip
[Chart courtesy of MarketWatch.com] The major indexes opened in the red to kick off this holiday-shortened week, with tech leading the downside and pulling the metals along for the ride. Software names (already beaten up) took another hit on ongoing fears that AI tools could eventually replace a lot of industry-specific programs. Meta Platforms, Nvidia, and Palantir each dipped about …
AI Disruption Fears Slam Mag 7 – Indexes Close Red
[Chart courtesy of MarketWatch.com] The Dow got off to a nice start with some early gains as traders kept rotating away from tech and into more economy-sensitive names like Walmart, Boeing, and GE Vernova, all of which moved higher. But that positive vibe didn’t last—the mood shifted, and the major indexes all dove back into the red by the close, …
Gold Above $5,100, Silver +4% – Commodities Carry The Load
[Chart courtesy of MarketWatch.com] The major indexes opened with a nice pop after the January nonfarm payrolls report came in way stronger than expected: +130,000 jobs added vs. economists’ call for just +55,000. That was also a big step up from December’s downwardly revised +48,000. It marked the best monthly gain in over a year, though the growth was heavily …
Silver Leads Commodities, Gold Nears $5,100 – Risk-On Returns
[Chart courtesy of MarketWatch.com] After a weak open, the major indexes shook off the early blues and found solid footing, heading into positive territory for a nice green close. Traders were mostly focused on waiting for big upcoming data (delayed January jobs report Wednesday) and another wave of earnings, following last week’s volatility. Oracle jumped 8% after getting upgraded to …