Tech Sell Off hits markets hard
Wall Street’s major averages ended the week with losses due to an extended selloff in semiconductor stocks and other big tech names. Among the top decliners this week were ON Semiconductor - down almost 30%; Western Digital - down 23.1%; Arm Holdings - down almost...
The week that the War ended
Wall Street finished a holiday shortened week higher as investors balanced optimism over a US - Iran peace agreement against a more hawkish debut from Federal Reserve Chairman Kevin Warsh. The week's biggest market catalyst came from the Middle East. Stocks surged...
The wealthy keep getting wealthier
Wall Street ended the week higher as investors weighed the latest inflation data, ongoing developments in Middle East diplomacy, and the strong debut of SpaceX. U.S. inflation accelerated in May, with the consumer price index rising 4.2% from a year earlier,...
Strong jobs reports kills prospects of interest rate cut
Wall Street ended the week on a sour note as investors digested a stronger than expected May jobs report sending stocks lower. The U.S. labor market showed unexpected strength in May as payrolls increased by 172,000, more than economists’ forecasts of $88,000, while...
Sell in May and Go Away
Wall Street finished the week on top with all three major averages advancing as investors weighed signs of easing geopolitical tensions in the Middle East, a softer than expected inflation reading, and strong corporate earnings that reinforced optimism around AI...
Market hitting new highs when consumer sentiment hits new lows
Wall Street ended the week higher, though investors navigated sharp swings tied to Treasury yields, Middle East tensions, and another pivotal Nvidia earnings report. Early in the week, concerns about an inflationary shock tied to the Middle East conflict pushed...
Stock Market Rally Running on Fumes
Wall Street ended the week mostly unchanged as investors weighed persistent inflation pressures, surging Treasury yields, and Trump’s visit to China, which concluded without major breakthroughs. Underlying inflation pressures increased in April as the Consumer Price...
No Peace Deal in Sight
Wall Street finished the week sharply higher as investors weighed a stronger-than-expected jobs report, upbeat semiconductor earnings, and escalating geopolitical tensions in the Middle East. The Jobs report reflected an increase of 115K jobs in April,...
Trump Abandons Iran and Shifts Focus to Cuba
The stock market closed the week higher as markets digested a barrage of strong earnings reports from Big Tech firms while weighing the Federal Reserve's divided policy decision and fresh uncertainty around global oil supply. The Fed was in the spotlight after keeping...