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Why Nasdaq Trimmed Losses After Trump Said He Will 'Hold Off' Iran Attack
Barrons.com87d agoneutral
Why Nasdaq Trimmed Losses After Trump Said He Will 'Hold Off' Iran Attack

President Donald Trump's influence on the U.S. stock market was on full display during the final hour of trading. Nasdaq, a major index that holds stocks of big tech companies, had swung lower by 1.3% for the day as of 2:59 p.m. Eastern time. Then came the post by Trump, proclaiming that "we will NOT be doing the scheduled attack of Iran tomorrow" and the "hold off" came at the request of leaders in the Middle East.

Investing.com87d agoneutral
Goldman says this is "the most obvious downside threat" for markets

Investing.com -- Goldman Sachs has warned that a re-escalation of hostilities in the Middle East or a prolonged closure of the Strait of Hormuz remains "the most obvious downside threat" for financial markets, even as a broad rally in equities, emerging market assets and artificial intelligence-related stocks pushes valuations to new cycle highs.

Regeneron Stock Tumbles on Melanoma Drug-Trial Miss
The Wall Street Journal87d agobearish
Regeneron Stock Tumbles on Melanoma Drug-Trial Miss

Shares of Regeneron Pharmaceuticals are down about 11%, dragging the Nasdaq composite, after the company’s experimental melanoma drug failed a pivotal clinical trial. The company said that its drug fianlimab, when combined with an approved cancer drug, didn't keep patients’ disease from worsening significantly longer than Merck’s Keytruda.

Michael Burry Warns of a Nasdaq Dot-Com Bubble: Is Bitcoin a Hedge or Casualty?
24/7 Wall St.87d agoneutral
Michael Burry Warns of a Nasdaq Dot-Com Bubble: Is Bitcoin a Hedge or Casualty?

The man who saw the 2008 housing crash coming before anyone else is raising his hand again, and this time, the target is the AI-driven tech rally that has sent the Nasdaq soaring to levels not seen since the final, frenzied months of the dot-com bubble. Michael Burry, the hedge fund manager immortalized in “The ... Michael Burry Warns of a Nasdaq Dot-Com Bubble: Is Bitcoin a Hedge or Casualty?

Stocks Open Little Changed Ahead of Nvidia, Walmart Earnings
Barrons.com87d agoneutral
Stocks Open Little Changed Ahead of Nvidia, Walmart Earnings

Stocks open the day with modest gains as investors look ahead to earnings from Nvidia and Walmart to gauge the health of the AI trade and the economy amid ongoing Middle East tensions. The S&P 500 and the tech-heavy Nasdaq rose 0.1%, while the Dow was flat. With only a few economic data releases in the week ahead, investors are paying attention to other pieces of news, like signs of progress in the Middle East.

Stock Futures Turn Higher Ahead of the Open
Barrons.com87d agoneutral
Stock Futures Turn Higher Ahead of the Open

Stock futures turned higher just before the market opened on Monday, while oil prices suddenly tipped lower. Futures tracking the Dow Jones Industrial Average were up 0.1%. S&P 500 futures gained 0.3% and contracts tied to the tech-heavy Nasdaq 100 gained 0.

Michael Burry Says Today’s Top 10 Stocks Surged 784% in a Year. The Pre-Dot-Com Number Was 622%.
24/7 Wall St.87d agobearish
Michael Burry Says Today’s Top 10 Stocks Surged 784% in a Year. The Pre-Dot-Com Number Was 622%.

My children often tell me that “today” is the best or worst day ever. Sometimes both land on the same day. Apparently it is possible to have the worst day ever multiple times a week. Unrelated. The benchmark S&P 500 keeps tagging fresh records and the tech-heavy Nasdaq Composite refuses to roll over. And yet ... Michael Burry Says Today’s Top 10 Stocks Surged 784% in a Year. The Pre-Dot-Com Number Was 622%.