[Chart courtesy of MarketWatch.com] Stocks stumbled out of the gate today as traders sorted through the first wave of big-bank earnings and a sharp overnight selloff in South Korea that weighed on memory and semiconductor names. The banks themselves didn’t disappoint so much as they ran into a buzzsaw of high expectations. JPMorgan initially traded lower after missing forecasts but …
Record-Low Volume: Calm Before The Earnings Storm?
[Chart courtesy of MarketWatch.com] The market started the week with a split personality. The Dow managed to stay in positive territory, helped by a strong move in Salesforce after a favorable analyst upgrade, while the S&P 500 and Nasdaq drifted lower as investors looked ahead to a packed week of earnings reports and inflation data. Tech was a mixed bag. …
Higher Yields Trigger A “Sell Everything” Wednesday
[Chart courtesy of MarketWatch.com] Wall Street ran into a familiar troublemaker today: higher bond yields. Hotter-than-expected economic data sent Treasury yields surging, with the 10-year climbing above 5.1% and the 2-year approaching 4.9%. That revived fears that the Fed may not be finished tightening, especially after Governor Michael Barr reinforced the message that further policy adjustments may be needed to …
The Fed Looms Large As Rising Yields Test Market Resilience
[Chart courtesy of MarketWatch.com] The bears stayed in control today as investors headed into tomorrow’s Fed decision with one eye on interest rates and the other on the exits. The big story wasn’t stocks, though, it was bonds. The 10-year Treasury yield briefly pushed above 5%, a level we haven’t seen since 2007, reminding everyone that “higher for longer” is …
Bitcoin Pops, Gold Rebounds As Dollar Weakens
[Chart courtesy of MarketWatch.com] Stocks came out strong in early trading, kicking off the holiday‑shortened week on a high note after President Trump announced that an agreement had been reached to end the conflict between the U.S. and Iran. The Dow jumped about 630 points (1.2%) and even tagged a fresh intraday all‑time high. Meanwhile, SpaceX kept the momentum going—rallying …
Semis Shine As Markets Ride China Momentum
[Chart courtesy of MarketWatch.com] Stocks came out strong early, with the Dow pushing back above the 50,000-mark helped by upbeat earnings from Cisco and encouraging headlines out of the U.S.–China meeting. Cisco was a standout, jumping 17% intraday after beating expectations on both earnings and guidance, while also announcing plans to cut nearly 4,000 jobs. That surge gave the Dow …