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(Updates with index/price moves, macroeconomic data and geopolitical news from the first paragraph.)
Investing.com -- Texas Precious Metals remains bullish on gold and silver despite recent price weakness, viewing the current pullback as an opportunity for investors to accumulate positions as strong central bank buying and growing retail demand continue to underpin the market, a company executive said.
Investors looking for stability should buy these funds focused on companies with strong sales, healthy dividends, and cash flow.
The Nasdaq Composite was up 0.9%, below the 1.1% gain seen at the opening bell. The S&P 500 and the Dow, meanwhile, each rose 0.6%, with the Dow up 309 points. "Stocks are advancing in a rocky trading session that has already featured the major benchmarks swinging between sizeable gains and losses," Interactive Broker's José Torres wrote.
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The Dow Jones Industrial Average was up 0.3%, or 182 points, while the S&P 500 rose 0.2%. The tech-heavy Nasdaq Composite gained 0.3%. "Yesterday’s relief rally was justifiable, but it seemed rather extreme by the end of the day and overnight," Interactive Brokers' chief strategist Steve Sosnick told Barron's, adding, "After some of the huge moves it seems prudent to expect some profit taking in stocks and sectors that had monstrous bounces."
It's been a tough month on Wall Street, at least on an index level. The Nasdaq was down 4% since the start of July, on pace for its worst July in more performance since 2004, according to Dow Jones Market Data. Things looked less dire for the S&P 500 and the Dow.
A fresh blank-check company just landed on Nasdaq with a mandate to shake up gaming and digital media M&A, and the acquisition targets it chooses could signal where the next wave of consolidation is headed.
QQQ built its reputation as the go-to ticker for tech exposure, but the way the Nasdaq-100 is constructed means you are getting far less pure technology than you probably think, and a quieter Vanguard fund has been exploiting that gap for years.
The stock-market selloff in July looks more like a stress test than a breaking point.
Microsoft Stock Explodes 15% as AI Spending Concerns Fade
Stock Market Today: The Dow Jones index rises Friday even as Apple dives on a weak sales forecast. Amazon stock surges on earnings.
8am: Nasdaq on a roll The Nasdaq is poised to charge ahead again on Friday after its best day in weeks, with Microsoft leading a tech-sector recovery and delivering its biggest single-day increase in market value on record, lifting sentiment across the broader market. Nasdaq futures point...
After a week of wild swings that rattled portfolios and left investors guessing, Wall Street analysts are already reshuffling their ratings on Friday morning, with some surprising cuts and upgrades across sectors from utilities to gaming that could reshape how you think about your positions.
Apple Inc. (NASDAQ:AAPL) stock fell more than 7% in premarket trading Friday as investors locked in profits despite the company’s better-than-expected fiscal third-quarter results. The decline came even as Nasdaq futures rose 1.39% and S&P 500 futures gained 0.62%. The stock is also testing its 50-day moving average after retreating from July highs. That level could determine whether the recent pullback remains part of a longer-term uptrend or develops into a deeper correction. Apple reported fi
On Stocktwits, retail sentiment for SPY remained 'bearish,' and improved to 'neutral' on QQQ as investors warmed to the latest AI-driven earnings.
AI optimism pushed U.S. stock futures higher and drove the volatile Kospi to its biggest daily rise on record in Korea, while Europe’s tech stocks also rallied.