market update

A selloff in high-flying chipmakers split Wall Street on Thursday, with Broadcom Inc. (NASDAQ:AVGO)‘s disappointing AI-revenue forecast testing the artificial-intelligence trade that has carried equities to records. The Nasdaq 100 slipped while the Dow Jones rallied more than 800 points on...

Tech stocks ripped higher on Wednesday despite a sharply hotter-than-expected April Producer Price Index reading that rekindled inflation anxieties and rate-hike fears, as strength in semiconductors fueled investor sentiment. Nvidia Corp. (NASDAQ:NVDA) rallied for the sixth straight session to...

U.S. equities extended their record run on Friday as Apple Inc.’s (NASDAQ:AAPL) blowout second-quarter earnings powered a broad-based technology rally, lifting the S&P 500 and Nasdaq 100 to fresh all-time highs. Crude oil sank more than 3% as Iran routed a fresh Hormuz...

A violent rotation tore through Wall Street at midday Thursday as blue-chip industrials and healthcare drove the Dow above 49,500 points, masking a selloff in mega-cap tech after Meta Platforms Inc. (NASDAQ:META) and Microsoft Corp. (NASDAQ:MSFT) rattled investors with the scale of their AI capital...

U.S. stocks slipped into negative territory Tuesday, as a sharp pullback in megacap tech on renewed AI spending concerns offset strength in energy shares fueled by a surge in crude prices. Oil rallied despite limited geopolitical reaction after President Donald Trump said Iran is a "state of...

It was the kind of week that reminded investors how quickly the market narrative can shift, as a geopolitical shock, a surprising jobs decline and fresh tariff threats combined to shake confidence across Wall Street. Energy markets set the tone. The escalating conflict in Iran disrupted crude...

Investors rushed to dump tech and AI-linked stocks on Wednesday, fueling a broad sector selloff reminiscent of the red days in October and November, when traders fretted over the risk of an AI bubble. By midday trading in New York, the Nasdaq 100 slid 1.3%, while the iShares Semiconductor ETF (NYSE...

A strong May for U.S. equities is closing on a sour note, after President Donald Trump accused China of "totally" breaching a tariff agreement, raising new fears over trade disputes. The White House is reportedly planning broader tech sanctions against China, with a proposed rule targeting...

A sharp jump in Treasury yields following Wednesday's weak 20-year bond auction triggered a swift market reaction, with several high-growth and tech names plunging between 1:05 p.m. and 2:05 p.m. ET—the exact window 30-year yields spiked above 5.08%. Tempus AI Inc. (NASDAQ:TEM) led the decline,...

On Thursday, Wall Street opened the session with significant milestones as the S&P 500 and the Nasdaq 100 indices surged to new record highs. This rebound was driven by Nvidia Corp. (NASDAQ:NVDA), which soared 9% to $1,034 per share following outstanding earnings results and optimistic guidance...

Thursday’s trading session on Wall Street presents a mixed picture, characterized by notable fluctuations in major indices. While tech-heavy benchmarks like the S&P 500 and the Nasdaq 100 are experiencing declines, blue-chip stocks and small caps are treading the path of marginal gains....

Stakes couldn’t be higher for NVIDIA. Earnings expected to hit $2.07 (up +305% from $0.51 last year). It’s been the best performing stock in the S&P 500 this year, up +212%. If they miss the entire stock market could go down. Markets Prices as of 4 pm EST, 8/22/23 Macro @...

Over 86% of the S&P 500 year-to-date return has come from valuation expansion. The S&P 500 is now trading at 19x P/E (forward), the long-term average is 15.6 and at the end of 2022 it was below 17x. Can this continue? Markets Prices as of 4 pm EST, 8/18/23 Macro JPMorgan The chart above...

The FED might be winning the war on inflation. Their preferred metric for inflation the PCE Inflation Index surprised below expectations at 4.1%. PCE inflation is now at the lowest reading since 2021. The trend is finally our friend! Market Prices as of 4 pm EST, 7/27/23 Macro Rainy day funds at...

Hold onto your coffee cups, 'cause we're kicking off the day with GREAT news! GDP soars to 2.4% in Q2 2023. This is up from 2% in Q1. The “for sure recession" is nowhere in sight - it vanished like a magician's trick! Market Prices as of 4 pm EST, 7/26/23 Macro Sales of new...