Category: EOD Summary

Wall Street finished Wednesday on a split note, with investors still nursing wounds from a two-day chip-driven selloff while cautiously awaiting Micron Technology’s closely watched earnings report after the bell. The Dow Jones Industrial Average and S&P 500 managed slim gains, but the Nasdaq Composite slipped further as technology shares failed to fully recover from…

Wall Street closed sharply lower on Tuesday as a global technology selloff accelerated, sending the Nasdaq and S&P 500 to their steepest single-day drops in weeks. The catalyst was a combination of an unexpected note from Bank of America economists forecasting three Federal Reserve rate hikes before year-end and a steep overnight slide in Asian…

Monday’s session ended on a split note for Wall Street, with the Dow Jones Industrial Average edging into positive territory while the S&P 500 and Nasdaq slipped under the weight of a high-profile index rebalancing and renewed pressure on mega-cap tech. The primary story of the day was the Nasdaq-100’s quarterly reshuffle, which forced massive…

Wall Street closed sharply higher Thursday as investors shrugged off the prior session’s Federal Reserve-driven selloff, pivoting instead to two big pieces of geopolitical and corporate news: the signing of a U.S.-Iran agreement to reopen the Strait of Hormuz and a surprise announcement that Intel and Apple plan to build chips together on American soil.…

Wall Street ended Wednesday deep in the red after Federal Reserve Chair Kevin Warsh delivered a hawkish shock in his debut as chair of the FOMC, erasing an early-session gain driven by a stronger-than-expected retail sales report. All three major indexes finished well off their highs, with growth and technology stocks bearing the brunt of…

Wall Street delivered a split verdict on Monday as investors rotated sharply out of technology and into more traditional sectors ahead of the first Federal Reserve interest rate decision under new Chairman Kevin Warsh. The Dow Jones Industrial Average charged to a fresh all-time high while the Nasdaq Composite fell more than 1%, leaving the…

A historic geopolitical breakthrough and one of the most anticipated stock market debuts in years combined Monday to send U.S. stocks surging across the board. President Donald Trump’s announcement over the weekend that the United States and Iran had reached a peace agreement – including the reopening of the Strait of Hormuz and the lifting…

Wall Street closed broadly higher on Friday as two major storylines captured investor attention: the historic debut of SpaceX on the Nasdaq and mounting optimism that the United States and Iran are on the verge of a deal that would reopen the Strait of Hormuz. The combination of a record-breaking IPO and the prospect of…

Stocks staged a powerful rally on Thursday, with all three major indexes climbing sharply after President Trump called off a planned third night of military strikes against Iran and signaled progress toward a ceasefire deal. The about-face from earlier in the day — when Trump had threatened to seize Iran’s Kharg Island oil hub —…

Stocks sold off broadly on Wednesday as investors digested a hotter-than-expected inflation report and escalating tensions in the Middle East. All three major indexes closed in the red, with the Nasdaq leading losses as technology shares bore the brunt of the selling. The dual headwinds of a renewed inflation scare and fears that the US-Iran…