[Chart courtesy of MarketWatch.com] The market spent most of the day treading water as investors balanced another round of earnings reports against the ever-changing headlines out of the Middle East. While discussions around reopening the Strait of Hormuz helped keep hopes alive, the details still matter, and the market seems to be growing a bit skeptical of promises before seeing …
Gold Steals The Show As Stocks Pause Near Record Highs
[Chart courtesy of MarketWatch.com] Stocks came out of the gate with plenty of energy today, pushing the S&P 500 to another intraday record as investors cheered strong earnings and growing optimism that the Strait of Hormuz could reopen sooner rather than later. By the closing bell, however, much of that enthusiasm had cooled. The Dow held on to most of …
Tech Leads The Charge While Gold, Silver, And Bitcoin Surge
[Chart courtesy of MarketWatch.com] Despite fresh strikes on Iran and higher oil prices, stocks shrugged off geopolitical concerns and moved higher right from the opening bell. Traders appeared more focused on a growing list of positive corporate earnings reports, with chipmakers and technology stocks leading the charge. Earnings season continues to get off to a strong start. Industrial giant 3M …
Bitcoin And Copper Stand Out While Stocks Slip Back Into The Red
[Chart courtesy of MarketWatch.com] Stocks got off to a strong start, with the S&P 500 and Nasdaq moving higher as oil prices swung back and forth in response to the latest developments in the ongoing U.S.-Iran conflict. Semiconductor stocks provided additional support, helping lift the broader market early in the session. Overnight, the U.S. carried out its ninth consecutive day …
Chip Stocks Cool Off As Markets Drift Lower Ahead Of The Holiday
[Chart courtesy of MarketWatch.com] Semiconductor stocks took a breather today, putting early pressure on the Nasdaq after an exceptionally strong first half of the year. Micron slid 6% and Sandisk dropped 8%, although both remain sharply higher for the year. Nvidia and Broadcom also finished lower, down roughly 2% and 1%, respectively. The weakness appeared to be driven largely by …
From Seoul To Silicon Valley: Chip Stocks Spark Broad Sell-Off
[Chart courtesy of MarketWatch.com] Stocks came under pressure right out of the gate as a tech sell-off from the previous session gained momentum overnight. Weakness in Asia set the tone, with memory chip stocks getting hit hard and dragging global markets lower. The Nasdaq took the biggest hit, falling 1.3% on Monday, weighed down largely by Alphabet. Selling pressure then …