[Chart courtesy of MarketWatch.com] Stocks started the day on a stronger footing, with chip names leading the rebound after Friday’s brutal sell-off. Traders seemed eager to step back in, hoping the recent weakness was just a reset rather than the start of something bigger. Micron, which has been a key driver of this latest bull run, jumped nearly 10% after …
Dow Hits Record High As Tech Stumbles In Sharp Sector Rotation
[Chart courtesy of MarketWatch.com] The Dow kept the momentum going this morning, pushing to a fresh record high, while the Nasdaq headed the opposite way as traders rotated out of chip stocks and into more traditional, non-tech names. Leading the charge for the Dow was UnitedHealth, which jumped 5.8%. JPMorgan Chase and Walmart also helped lift the index, gaining 2.2% …
Markets Pull Back As Oil, Yields, And Geopolitics Rattle Confidence
[Chart courtesy of MarketWatch.com] Stocks came under pressure right out of the gate as rising oil prices and climbing Treasury yields rattled investors. The concern? Ongoing tensions between the U.S. and Iran could keep inflation elevated for longer than expected. Oil moved higher after both countries launched new strikes, with Kuwait reporting overnight that its air defense systems were intercepting …
Stocks Hold Near Highs While Geopolitics And Weak Breadth Raise Eyebrows
[Chart courtesy of MarketWatch.com] The S&P 500 was pretty flat early on, as traders took a breather after hitting fresh all-time highs and kept an eye on the latest headlines around U.S.–Iran tensions—along with the usual moves in big tech. Tech itself was a bit mixed. Alphabet slipped about 1%, but Nvidia helped pick up the slack, climbing 1% and …
Indexes Grind Higher As Traders Navigate Oil Shock And War Headlines
[Chart courtesy of MarketWatch.com] Oil prices jumped about 8%, but the broader market didn’t seem too rattled—at least at first. The major indexes hovered near flat in early trading, with Nvidia helping to lift tech after rolling out a new PC chip. A lot of that tension is tied to escalating headlines out of the Middle East. Iranian state media …
Stocks Stay Resilient Despite Soft Data And Headline Chaos
[Chart courtesy of MarketWatch.com] The S&P 500 and Nasdaq got off to a strong start after reports that negotiators had reached a deal to extend the Iran ceasefire—but traders never fully let their guard down. Stocks pushed to session highs once news broke that the U.S. and Iran had agreed to a 60-day memorandum to keep the ceasefire in place …