Tech selling hasn't found dip buyers and spilled into Friday, focused on AI valuations amid a thin news flow. Investors await consumer sentiment data and news on the D.C. shutdown.
Stocks are on track for weekly losses, led by profit taking in technology stocks. The S&P 500 is wrestling with technical support at its 50-day SMA today, an indicator which the index hasn't closed below since April.
Thursday's AI-driven sell-off was the third big drop for the Nasdaq over the last month and suggests speculative and momentum trading losing steam. Consumer sentiment is due today.
On a day where there wasn’t much to celebrate for long traders across the broader market, Bitcoin’s price followed suit but held and closed above a key level for the 3rd straight day.
The latest perspective on the bond market from the Schwab Center for Financial Research, including a deep-dive on corporate and municipal bond markets.
Investors await job cuts data and scrutinize results from Qualcomm, Arm Holdings, and DoorDash. Stocks bounced yesterday as the Supreme Court heard tariff arguments. Chips gained.
Today features a look at October hiring, along with McDonald's and DoorDash earnings, as the Supreme Court hears arguments on tariff policy after Tuesday's chip market plunge.
Palantir topped consensus estimates and investors await Advanced Micro Devices after today's close. Chip stocks keep rallying, but breadth is narrowing, a possible sign of caution.
Investors will shift focus to another packed week of corporate earnings and a light lineup of economic data while they continue to digest the latest Fed rate cut.
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