Investors ditched worries, boosting ETFs like VanEck SMH (+13%) on chip stock rally, Virtus BBC (+7%) on biotech hope, Simplify TESL (+31%) on Musk's focus, Invesco SPHB (+11.5%) on risk appetite, iShares IBIT (+9.2%) on crypto optimism. Market sentiment received boost from easing US-China trade tensions and news of no Fed Chair firing. S&P 500 recovered 80% of its post-April 2 sell-off, but warning signs remain with slowing private sector growth, declining consumer sentiment, and rising inflation expectations. ServiceNow (+20%) and Northrop Grumman (-15%) had divergent earnings, while Tesla (+31%) surged on Musk's promise to focus on making EVs. This week's action will be crucial.
Big Tech's earnings this week could serve as a confidence booster amidst tariff worries, with bullish demand trends for Microsoft, Meta, Amazon, and Apple.
The ongoing dispute in Louisiana over who should bear the cost of new power plants required for Meta Platforms Inc. (NASDAQ: META) $10 billion data center is heating up.
U.S. stock futures are down in early-morning trade on Monday, after ending the previous week on a high note, with back-to-back sessions of strong rallies.
Since October 2024, Qualys has been in a holding pattern, posting a small return of 2.8% while floating around $125.31. However, the stock is beating the S&P 500’s 5.3% decline during that period.
The global cryptocurrency market capitalization stands at $2.93 trillion, showing a 1.04% decrease over the last day. Bitcoin‘s (CRYPTO: BTC) market dominance currently sits at 63.39%, reflecting a slight 0.01% daily decline.
"Magnificent Seven" members Alphabet and Meta Platforms face antitrust actions that have punished their shares, but the drama appears to have created a buying opportunity.
Jim Cramer is preparing investors for another action-packed week on Wall Street, packed with earnings reports from major tech players and key economic updates.
