[Chart courtesy of MarketWatch.com] Stocks kicked off with a little bounce, but that fizzled fast as Wall Street waited for fresh news out of Washington about the government shutdown, now dragging into its second week. Hopes for a quick restart were dashed after the Senate shot down the House’s funding bill for the fifth time, mostly sticking with party lines—and …
Gold And Bitcoin Set New Records
[Chart courtesy of MarketWatch.com] The S&P 500 and Nasdaq kicked off the day with gains and managed to hold onto them, while the Dow just kind of drifted below the flatline from the open to the close. The real action was in the tech space, where AMD soared over 20% after striking a deal with Sam Altman’s AI group—a move …
Tech Titans Tumble, But Broader Market Holds Steady Ahead Of Powell
[Chart courtesy of MarketWatch.com] Stocks dropped together at the open, marking the fifth straight day of losses. Walmart slid about 4% after reporting its quarterly results—the company actually beat sales estimates, but its earnings came up short, leaving investors unimpressed. All eyes are now on Federal Reserve Chair Jerome Powell, who’s set to speak Friday at the big Jackson Hole …
Bitcoin Booms, Metals Surge, And The Dow Just Can’t Keep Up
[Chart courtesy of MarketWatch.com] The day started off with the Dow dragging its feet while the S&P 500 and Nasdaq made modest gains. What gave the market a bit of a boost? President Trump announced a finalized trade deal with Vietnam, which helped lift sentiment—at least for a moment. But then came the ADP private payroll report, and it wasn’t …
Fed Holds Rates Steady Amid Elevated Economic Uncertainty
[Chart courtesy of MarketWatch.com] Stocks received an early boost after Disney reported an unexpected jump in streaming subscribers, pushing its stock up by 10%. Adding to the early bullish sentiment was news that Treasury Secretary Bessent and a top trade official will meet their Chinese counterparts this week in Switzerland. Traders viewed this as a potential de-escalation on the trade …
Bitcoin Surges To $97k As Equities Rebound
[Chart courtesy of MarketWatch.com] The tech sector led this morning’s positive opening, driven by strong quarterly results from Microsoft and Meta. Both companies exceeded expectations, easing fears that the tariff war and a downturn in the U.S. economy might threaten the AI trade. It appears AI is less impacted than traders initially believed. Adding to the bullish sentiment was Microsoft’s …