Trading con Eugenio Gallegos

MORNING MARKET SUMMARY

The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to give back ground following the strength seen in the previous session.

The downward momentum on Wall Street partly reflects a negative reaction to earnings news from Walmart ( $WMT).

While Walmart reported fourth quarter results that exceeded analyst estimates, the retail giant provided weaker than expected earnings guidance for the current year.

Negative sentiment may also be generated by a continued spike by the price of crude #oil amid concerns about a military conflict between the U.S. and Iran.

However, the futures regained some ground following the release of a report from the Labor Department showing first-time claims for U.S. unemployment benefits fell by much more than expected in the week ended February 14th.

Stocks showed a strong move to the upside in early trading on Wednesday before giving back some ground over the course of the session. The major averages pulled back well off their highs of the session but managed to end the day firmly in positive territory.

Adding to the modest gains posted during Tuesday's session, the #Nasdaq advanced 175.25 points or 0.8 percent to 22,753.63, the #SP500 climbed 38.09 points or 0.6 percent to 6,881.31 and the #Dow rose 129.47 points or 0.3 percent to 49,662.66.

The early strength on Wall Street came as shares of Nvidia ( $NVDA) surged after the AI chipmaker announced a multi-year, multi-generational strategic partnership with Facebook parent Meta ( $META) spanning on-premises, cloud and AI infrastructure.

The company said the partnership will enable the large-scale deployment of Nvidia CPUs and millions of Nvidia Blackwell and Rubin GPUs.

After jumping by as much as 2.9 percent, Nvidia pulled back well off its best levels of the day but still closed up by 1.6 percent.

Shares of Micron ( $MU) also spiked by 5.3 percent on news David Tepper's Appaloosa Management has increased its holdings in the chipmaker by 200 percent.

Positive sentiment may also have been generated in reaction to some upbeat U.S. economic data, including a report from the Federal Reserve showing industrial production increased by more than expected in the month of January.

However, stocks pulled back off their highs following the release of the minutes of the Fed's latest monetary policy meeting, which revealed officials remain divided about the outlook for interest rates.

The minutes of the Fed's January 27-28 meeting said several participants felt further rate cuts would likely be appropriate if inflation were to decline in line with their expectations.

However, others believed it would likely be appropriate to leave rates unchanged for "some time" as the Fed carefully assesses incoming data.

A number of these participants judged that additional policy easing may not be warranted until there was clear indication that the progress of disinflation was firmly back on track, the Fed said.

The Fed noted several participants even supported a two-sided description of the outlook for rates, reflecting the possibility that rate increases could be appropriate if inflation remains at above-target levels.

With the price of crude oil skyrocketing, oil service stocks turned in some of the market's best performances on the day, resulting in a 2.7 percent surge by the Philadelphia Oil Service Index. $OIH
#Gold stocks also saw significant strength amid a sharp increase by the price of the precious metal, driving the NYSE Arca Gold Bugs Index up by 2.5 percent.

Oil producer, financial $XLF and transportation stocks $ITY also turned in strong performances, while interest rate-sensitive utilities $XLU and commercial real estate stocks $XLRE moved to the downside.

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2 days ago | [YT] | 0

Trading con Eugenio Gallegos

MORNING MARKET SUMMARY

The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to add to the modest gains posted in the previous session.

Nvidia ( $NVDA) may help lead the markets higher, as the artificial intelligence chipmaker is jumping by 1.9 percent in pre-market trading.

The advance by Nvidia comes after the company announced a multi-year, multi-generational strategic partnership with Facebook parent Meta ( $META) spanning on-premises, cloud and AI infrastructure.

The company said the partnership will enable the large-scale deployment of Nvidia CPUs and millions of Nvidia Blackwell and Rubin GPUs.

Fellow “Magnificent Seven” member Amazon ( $AMZN) is also likely to see early strength following news Bill Ackman’s Pershing Square increased its stake in the online retail giant by 65 percent during the fourth quarter.

Overall trading activity may be somewhat subdued, however, as traders look ahead to this afternoon’s release of the minutes of the Federal Reserve’s latest monetary policy meeting.

The minutes of the Fed’s late January meeting, when the central bank decided to leave interest rates unchanged, may shed additional light on the outlook for rates.

After recovering from an early move to the downside, stocks turned in a relatively lackluster performance over the course of the trading session on Tuesday. The major averages spent the day bouncing back and forth across the unchanged line before eventually closing modestly higher.

The #Dow inched up 32.26 points or 0.1 percent to 49,533.19, the #Nasdaq edged up 31.71 points or 0.1 percent to 22,578.38 and the #SP500 crept up 7.05 points or 0.1 percent to 6,843.22.

The choppy trading on Wall Street came as traders seemed reluctant to make more significant moves ahead of release of key economic data in the coming days.

A report on personal income and spending in the month of December is likely to attract attention, as it includes the Federal Reserve's preferred readings on inflation.

Earlier in the day, the major averages moved notably amid weakness among technology stocks, with the tech-heavy Nasdaq dropping to its lowest intraday level in almost three months.

Concerns about potential disruptions caused by the artificial intelligence buildout have recently weighed on tech stocks $XLK , which had helped lead the markets to record highs.

"Investors are increasingly questioning whether the marginal dollar spent on AI will generate the expected return," said Daniela Hathorn, Senior Market Analyst at Capital . com. "At the same time, market uncertainty is rising as new AI models frequently disrupt established players."

"With competitive dynamics evolving rapidly, it is unclear who the long-term winners will be," she added. "This uncertainty has led to underperformance across much of big tech, even as the broader market remains relatively resilient."

On the U.S. economic front, the National Association of Home Builders released a report showing homebuilder confidence has unexpectedly seen a modest deterioration in the month of February.

The report said the NAHB/Wells Fargo Housing Market Index edged down to 36 in February after slipping to 37 in January. Economists had expected the index to inch up to 38.

With the unexpected dip, the housing market index dropped to its lowest level since hitting 32 last September.

Despite the recovery by the broader markets, computer hardware stocks continued to see substantial weakness on the day, with the NYSE Arca Computer Hardware Index tumbling by 3.2 percent.

#Gold stocks also moved sharply lower along with the price of the precious metal, dragging the NYSE Arca Gold Bugs Index down by 3.2 percent.

Housing $ITB $XHB, software $IGV and energy stocks $XLE also saw notable weakness, while airline stocks $JETS moved sharply higher, driving the NYSE Arca Airline Index up by 2.5 percent.

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3 days ago | [YT] | 0

Trading con Eugenio Gallegos

MORNING MARKET SUMMARY

The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to move to the downside as trading resumes following the long Presidents’ Day weekend.

Weakness among technology stocks $XLK may continue to weigh on Wall Street, as reflected by the 0.9 percent slump the tech-heavy Nasdaq 100 futures.

Concerns about potential disruptions caused by the artificial intelligence buildout have recently led investors to sell tech stocks, which had helped lead the markets to record highs.

“Investors are increasingly questioning whether the marginal dollar spent on AI will generate the expected return,” said Daniela Hathorn, Senior Market Analyst at Capital . com. “At the same time, market uncertainty is rising as new AI models frequently disrupt established players.”

“With competitive dynamics evolving rapidly, it is unclear who the long-term winners will be,” she added. “This uncertainty has led to underperformance across much of big tech, even as the broader market remains relatively resilient.”

Overall trading activity may be somewhat subdued, however, as traders look ahead to the release of key economic data in the coming days.

A report on personal income and spending in the month of December is likely to attract attention, as it includes the Federal Reserve’s preferred readings on inflation.

The minutes of the Fed’s latest monetary policy meeting may also shed additional light on the outlook for interest rates.

After showing a lack of direction early in the session, stocks saw some strength in afternoon trading on Friday before once again giving back ground going into the end of the day. The major averages eventually ended the day narrowly mixed.

While the tech-heavy #Nasdaq dipped 50.48 points or 0.2 percent to 22,546.67, adding to the steep loss posted on Thursday, the #SP500 inched crept up 3.41 points or 0.1 percent to 6,836.17 and the #Dow inched up 48.95 points or 0.1 percent to 49,500.93.

For the week, the Nasdaq tumbled by 2.1 percent, while the S&P 500 and the Dow slumped by 1.4 percent and 1.2 percent, respectively.

The choppy trading on Wall Street came even after the release of the Labor Department's highly anticipated report on consumer price inflation in the month of January.

The report showed consumer prices rose by slightly less than expected on a monthly basis, while the annual rate of growth slowed by more than anticipated.

The Labor Department said its consumer price index rose by 0.2 percent in January after climbing by 0.3 percent in December. Economists had expected prices to rise by another 0.3 percent.

The annual rate of growth by consumer prices slowed to 2.4 percent in January from 2.7 percent in December, coming in below estimates of 2.5 percent.

Meanwhile, the Labor Department said core consumer prices, which exclude food and energy prices, increased by 0.3 percent in January after rising by 0.2 percent in December, matching expectations.

The annual rate of growth by core consumer prices dipped to 2.5 percent in January from 2.6 percent in December, which was also in line with estimates.

The tamer-than-expected headline inflation data led to some renewed optimism about the outlook for interest rates and a continued slump by treasury yields.

"This print strengthens the case that the Federal Reserve can maintain a gradual easing bias without fearing renewed inflation pressure," said Daniela Hathorn, Senior Market Analyst at Capital . com.

She added, "Importantly, while the labor market remains resilient, today's CPI reduces the risk that strong employment data forces the Fed into a hawkish rethink."

However, traders continued to express concerns about potential disruptions caused by the recent artificial intelligence buildout, keeping buying interest subdued.

"Some are concerned about excessive levels of spending and others fear AI will disrupt multiple industries," said Russ Mould, investment director at AJ Bell. "It all adds up to a cocktail of worries and that's bad for market sentiment more broadly."

Despite the lackluster performance by the broader markets, #gold stocks moved sharply higher along with the price of the previous metal, resulting in a 5.6 percent spike by the NYSE Arca Gold Bugs Index.

Considerable strength was also visible among computer hardware stocks, as reflected by the 2.7 percent surge by the NYSE Arca Computer Hardware Index.

Networking, utilities $XLU , natural gas #NatGas and transportation stocks $IYT also turned in strong performances on the day, while steel stocks $SLX moved to the downside amid a report President Donald Trump plans to roll back tariffs on steel and aluminum.

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4 days ago | [YT] | 0

Trading con Eugenio Gallegos

MORNING MARKET SUMMARY

Markets in the United States will be closed today in observance of Presidents' Day. Last Friday, the S&P 500 closed the session with a gain of just 0.05%, while Mexico's IPC index rose 0.83% to close at 71,478 points.

Currently, the main stock market indices in Europe are registering gains, with the Euro Stoxx 50 and the UK's FTSE 100 both rising slightly more than 0.25%. Asian stock markets showed mixed performance, with Japan's Nikkei 225 falling 0.24% and Hong Kong's Hang Seng index advancing slightly more than half a percentage point.

Treasury bonds closed the previous week with gains, pushing the 10-year benchmark yield above 4.05%.

Treasury bonds closed the previous week with gains, pushing the 10-year yield to trade above 4.05%. Little change this morning in the commodities market, with gold and silver trading around $5,000 and $77 per ounce, respectively. Meanwhile, international oil prices are largely unchanged, with WTI currently hovering around $63 per ounce.

According to a report published by Bloomberg, a shortage of memory chips, driven by strong demand from the data center industry, is impacting the profitability of technology companies and causing inflation in the prices of certain products.

In an interview with Bloomberg, U.S. Secretary of State Marco Rubio stated that Europe's fate is intertwined with that of the United States given the critical alliance between the two regions. However, he also indicated that this alliance may have to change due to certain decisions Europe has made in the past.

According to sources familiar with the matter, Warner Bros. $WBD is reportedly considering reopening negotiations with Paramount after receiving a new, updated offer from the company, a situation that could further ignite the bidding war with Netflix $NFLX.

Israeli Prime Minister Benjamin Netanyahu presented Donald Trump with terms for an agreement to reduce tensions with Iran. These terms would seek to prohibit the Islamic Republic from possessing enriched uranium and would also limit its ballistic missile production. This comes ahead of a new round of negotiations between the United States and Iran in Geneva.

Donald Trump announced via his social media account, Truth Social, that the founding members of his “Peace Council” have pledged more than $5 billion in humanitarian efforts for reconstruction in Gaza.

The $USDMXN is trading higher this morning, with the exchange rate currently at $17.16 pesos per unit.

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5 days ago (edited) | [YT] | 0

Trading con Eugenio Gallegos

MORNING MARKET SUMMARY

The major U.S. index futures are currently pointing to a slightly higher open on Friday, with stocks likely to regain ground following the sell-off seen in the previous session.

The futures had been pointing to continued weakness on Wall Street but regained ground following the release of the Labor Department’s highly anticipated report on consumer price inflation in the month of January.

The report showed consumer prices rose by slightly less than expected on a monthly basis, while the annual rate of growth slowed by more than anticipated.

The Labor Department said its consumer price index rose by 0.2 percent in January after climbing by 0.3 percent in December. Economists had expected prices to rise by another 0.3 percent.

The annual rate of growth by consumer prices slowed to 2.4 percent in January from 2.7 percent in December, coming in below estimates of 2.5 percent.

Meanwhile, the Labor Department said core consumer prices, which exclude food and energy prices, increased by 0.3 percent in January after rising by 0.2 percent in December, matching expectations.

The annual rate of growth by core consumer prices dipped to 2.5 percent in January from 2.6 percent in December, which was also in line with estimates.

The tamer-than-expected headline inflation data may lead to renewed optimism about the outlook for interest rates.

“This print strengthens the case that the Federal Reserve can maintain a gradual easing bias without fearing renewed inflation pressure,” said Daniela Hathorn, Senior Market Analyst at Capital . com.

She added, “Importantly, while the labor market remains resilient, today’s CPI reduces the risk that strong employment data forces the Fed into a hawkish rethink.”

After ending Wednesday's choppy trading session modestly lower, stocks showed a more substantial move to the downside during trading on Thursday. The major averages once again failed to sustain an early upward move and pulled sharply as the day progressed.

The major averages saw further downside going into the end of the day, closing near their lows of the session. The #Nasdaq plunged 469.32 points or 2.0 percent to 22,597.15, the #SP500 tumbled 108.71 points or 1.6 percent to 6,832.76 and the #Dow slumped 669.42 points or 1.3 percent to 49,451.98.

The sell-off on Wall Street was partly attributed to concerns about the impact of the artificial intelligence buildout on industries other than the tech sector.

Concerns about the impact AI could have on revenues and profit margins of financial, transportation and logistics and even commercial real estate companies generated considerable selling pressure.

Renewed weakness among tech stocks also weighed on Wall Street amid a steep drop by shares of Cisco Systems ( $CSCO).

Cisco plummeted by 12.3 percent after the networking giant reported better than expected fiscal second quarter results but provided disappointing guidance for the current quarter.

Partly reflecting the nosedive by Cisco, the NYSE Arca Networking Index tumbled by 3.0 percent on the day.

#Gold stocks also saw substantial weakness amid a steep drop by the price of the precious metal, dragging the NYSE Arca Gold Bugs Index down by 6.9 percent.

Significant weakness was also visible among transportation stocks due to the AI concerns, with the Dow Jones Transportation Index plunging by 4.0 percent. $IYT

Financial $XLF, steel $SLX and energy stocks $XLE also saw considerable weakness, while interest rate-sensitive telecom $XLC and utilities stocks $XLU bucked the downward trend amid a steep drop by treasury yields.

On the U.S. economic front, the Labor Department released a report showing first-time claims for U.S. unemployment benefits dipped by less than expected last week.

The report said initial jobless claims slipped to 227,000, a decrease of 5,000 from the previous week's revised level of 232,000.

Economists had expected jobless claims to fall to 220,000 from the 231,000 originally reported for the previous week.

The National Association of Realtors also released a report showing existing home sales pulled back by much more than expected in the month of January. $XHB $ITB

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1 week ago | [YT] | 0

Trading con Eugenio Gallegos

MORNING MARKET SUMMARY

The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move back to the upside after ending yesterday’s choppy trading session modestly lower.

The futures saw continued strength following the release of a Labor Department report showing first-time claims for U.S. unemployment benefits dipped by less than expected last week.

The report said initial jobless claims slipped to 227,000, a decrease of 5,000 from the previous week's revised level of 232,000.

Economists had expected jobless claims to fall to 220,000 from the 231,000 originally reported for the previous week.

With jobless claims remaining at a somewhat elevated level, the data may partly offset yesterday’s stronger-than-expected monthly jobs data.

While the monthly jobs report pointed to resilience in the labor market, the data also reduced optimism about further interest rate cuts in the near future.

The focus now shifts to the Labor Department’s report on consumer price inflation that is due to be released before the start of trading on Friday.

“Forecasts suggest the critical core CPI measure could ease to around 2.5%, marking a near five-year low,” said Daniela Hathorn, Senior Market Analyst at Capital . com. “If inflation comes in line with — or ideally below — expectations, the strength of the labor market may become secondary.”

She added, “A softer inflation print would keep rate cuts firmly priced in and could restore upward momentum in risk assets.”

After failing to sustain an initial move to the upside, stocks quickly gave back ground in early trading on Wednesday and showed a lack of direction over the remainder of the session.

The major averages spent the day bouncing back and forth across the unchanged line before eventually closing modestly lower.

The #Dow slipped 66.74 points or 0.1 percent to 50,1212.40, the #Nasdaq dipped 36.01 points or 0.2 percent to 23,066.47 and the #SP500 edged down 0.34 points or less than a tenth of a percent to 6,941.47.

The initial strength on Wall Street came following the release of a closely watched Labor Department report showing employment in the U.S. increased by much more than expected in the month of January.

The Labor Department said non-farm payroll employment jumped by 130,000 jobs in January after rising by a downwardly revised 48,000 jobs in December.

Economists had expected employment to climb by 70,000 jobs compared to the addition of 50,000 jobs originally reported for the previous month.

The report also said the unemployment rate edged down to 4.3 percent in January from 4.4 percent in December, while economists had expected the unemployment rate to remain unchanged.

However, the report also showed a significant downward revision to job growth in 2025, with the increase in employment revised to 181,000 jobs from 584,000 jobs.

"One big takeaway from today's nonfarm payroll report is the 2025 average monthly gain in payrolls was 15,000," said Jeffrey Roach, Chief Economist for LPL Financial. "Labor demand came to a standstill last year."

The stronger-than-expected job growth in January may also have reduced the likelihood of near-term interest rate cuts by the Federal Reserve, offsetting the initial positive reaction.

Despite the lackluster performance by the broader markets, energy stocks $XLE moved sharply higher along with the price of crude #OIL with the Philadelphia Oil Service Index $OIH and the NYSE Arca Oil Index surging by 3.1 percent and 2.8 percent, respectively.

A notable increase by the price of #GOLD also contributed to substantial strength among gold stocks, as reflected by the 2.6 percent jump by the NYSE Arca Gold Bugs Index.

Semiconductor $SMH $SOXX , computer hardware and #NATGAS $UNG stocks also saw considerable strength, while airline $JETS , software $IGV and brokerage stocks $IAI showed significant moves to the downside.

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1 week ago | [YT] | 0

Trading con Eugenio Gallegos

MORNING MARKET SUMMARY

The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to move to the upside following the lackluster performance seen in the previous session.

The futures advanced following the release of a closely watched Labor Department report showing employment in the U.S. increased by much more than expected in the month of January.

The Labor Department said non-farm payroll employment jumped by 130,000 jobs in January after rising by a downwardly revised 48,000 jobs in December.

Economists had expected employment to climb by 70,000 jobs compared to the addition of 50,000 jobs originally reported for the previous month.

The report also said the unemployment rate edged down to 4.3 percent in January from 4.4 percent in December, while economists had expected the unemployment rate to remain unchanged.

The data is likely to generate optimism about the strength of the U.S. economy but may also reduce the chances of near-term interest rate cuts by the Federal Reserve.

On Friday, the Labor Department is scheduled to release a separate report on consumer price inflation that may shed additional light on the outlook for rates.

After moving notably higher over two previous sessions, stocks showed a lack of direction during trading on Tuesday. While the Dow reached a new record intraday high in early trading, the Nasdaq and the S&P 500 spent the day bouncing back and forth across the unchanged line.

The major averages eventually ended the day mixed. The #Dow inched up 52.27 points or 0.1 percent to 50,188.13, but the #SP500 fell 23.01 points or 0.3 percent to 6,941.81 and the #Nasdaq slid 136.20 points or 0.6 percent to 23,102.47.

The choppy trading on Wall Street came as traders seemed reluctant to make significant moves ahead of the release of the Labor Department's closely watched monthly jobs report.

Meanwhile, traders largely shrugged off a Commerce Department report showing retail sales in the U.S. were unexpectedly flat in the month of December.

The report said retail sales came in virtually unchanged in December after climbing by 0.6 percent in November. Economists had expected retail sales to rise by 0.4 percent.

Excluding a slight dip in sales by motor vehicle and parts dealers, retail sales were still virtually unchanged in December after increasing by 0.4 percent in November. Ex-auto sales were expected to grow by 0.3 percent.

"The December retail sales report shows that consumers paused their spending at the end of the holiday season after a strong spending spree in October and November," said Nationwide Chief Economist Kathy Bostjancic.

She added, "The stagnant retail sales in December provides a soft hand-off to Q1 consumer spending, but we look for a surge in tax refunds, estimated to be $50 billion higher than last year, and the still strong wealth effect will buoy consumer spending in Q1 and support solid GDP growth."

A separate report released by the Labor Department showed import prices in the U.S. crept up in line with estimates in the month of December.

Housing stocks $ITB $XHB showed a substantial move to the upside amid a notable decrease by treasury yields, driving the Philadelphia Housing Sector Index up by 3.4 percent to a five-month closing high.

Other interest rate-sensitive stocks like utilities $XLU and commercial real estate stocks $XLRE also turned in strong performances, with the Dow Jones Utility Average jumping by 1.9 percent and the Dow Jones U.S. Real Estate Index climbing by 1.3 percent.

On the other hand, brokerage stocks $IAI moved sharply lower on the day, dragging the NYSE Arca Broker/Dealer Index down by 2.5 percent. The index ended the previous session at a record closing high.

Computer hardware, airline $JETS and oil service stocks $OIH also showed notable moves to the downside over the course of the session.

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1 week ago | [YT] | 0

Trading con Eugenio Gallegos

MORNING MARKET SUMMARY

The major U.S. index futures are currently pointing to a slightly lower open on Tuesday, with stocks likely to give back ground after moving notably higher over the two previous sessions.

The futures edged lower following the release of a report from the Commerce Department showing retail sales in the U.S. were unexpectedly flat in the month of December.

The report said retail sales came in virtually unchanged in December after climbing by 0.6 percent in November. Economists had expected retail sales to rise by 0.4 percent.

Excluding a slight dip in sales by motor vehicle and parts dealers, retail sales were still virtually unchanged in December after increasing by 0.4 percent in November. Ex-auto sales were expected to grow by 0.3 percent.

A separate report released by the Labor Department showed import prices in the U.S. crept up in line with estimates in the month of December.

Stocks moved mostly higher over the course of the trading day on Monday, extending the strong upward move seen during last Friday's session. While the Dow crept up to a new record closing high, the tech-heavy Nasdaq showed a more notable move to the upside.

The major averages all finished the day in positive territory. The #Dow crept up 20.20 points or less than a tenth of a percent to 50,135.87, the #Nasdaq jumped 207.46 points or 0.9 percent to 23,238.67 and the #SP500 climbed 32.52 points or 0.5 percent to 6,964.82.

The strength on Wall Street partly reflected an extended rebound by tech stocks, which contributed to the rally seen last Friday.

Software giant Oracle ( $ORCL) helped lead the sector higher, spiking by 9.6 percent after D.A. Davidson upgraded its rating on the company's stock to Buy from Neutral.

However, traders seemed reluctant to make more significant moves ahead of the release of several key U.S. economic reports in the coming days.

The Labor Department's closely watched monthly jobs report, which was delayed due to the brief government shutdown last week, is likely to be in the spotlight.

The report is expected to show employment climbed by 70,000 jobs in January after rising by 50,000 jobs in December, while the unemployment rate is expected to hold at 4.4 percent.

Reports on retail sales and consumer price inflation are also likely to attract attention, as the data could impact the outlook for interest rates.

"With Jerome Powell nearing the end of his term and Kevin Warsh widely expected to take over as Fed Chair, markets are increasingly sensitive to how data influences rate expectations," said Daniela Hathorn, Senior Market Analyst at Capital . com. "While leadership changes may affect tone and communication, the data remains the ultimate driver."

She added, "As a result, the employment and inflation releases this week will be critical in determining whether markets lean back into expectations of easing — a scenario that could support equities and precious metals — or whether sticky inflation forces continued restraint."

#Gold stocks turned in some of the market's best performances amid a sharp increase by the price of the precious metal, driving the NYSE Arca Gold Bugs Index up by 6.1 percent.

Significant strength was also visible among networking and software stocks $IGV , with the NYSE Arca Networking Index and the Dow Jones U.S. Software Index surging by 4 percent and 3.3 percent, respectively.

Brokerage $IAI and semiconductor stocks $SOXX $SMH also saw considerable strength on the day, while healthcare $XLV and airline stocks $JETS moved to the downside.

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1 week ago | [YT] | 0

Trading con Eugenio Gallegos

MORNING MARKET SUMMARY

The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction following the significant advance seen during last Friday’s session.

Traders may take a step back to assess the recent volatility in the markets, which saw a tech-led swoon in the middle of last week before the notable rebound seen on Friday.

A lack of major U.S. economic data may also keep some traders on the sidelines ahead of the release of several key reports in the coming days.

The Labor Department’s closely watched monthly jobs report, which was delayed due to the brief government shutdown last week, is likely to be in the spotlight.

The report is expected to show employment climbed by 70,000 jobs in January after rising by 50,000 jobs in December, while the unemployment rate is expected to hold at 4.4 percent.

Reports on retail sales and consumer price inflation are also likely to attract attention, as the data could impact the outlook for interest rates.

After moving sharply lower over the past few sessions, stocks showed a substantial move back to the upside during trading on Friday. The major averages all showed substantial upward moves, with the $DJI30 closing above 50,000 for the first time.

The major averages reached new highs late in the session before giving back some ground going into the end of the day. The #Dow soared 1,206.95 points or 2.5 percent to 50,115.67, the #Nasdaq surged 490.63 points or 2.2 percent to 23,031.21 and the #SP500 jumped 133.90 points or 2.0 percent to 6,932.30.

For the week, the Dow shot up by 2.5 percent, while the $SPx500 edged down by 0.1 percent and the Nasdaq slumped by 1.8 percent.

The rally on Wall Street largely reflected bargain hunting, as some traders looked to pick up stocks at reduced levels following the recent weakness.

Tech stocks helped lead the pullback seen over the past few days, dragging the $NSDQ100 down to its lowest closing level in over two months.

The S&P 500 also hit its lowest intraday level in over a month in early trading on Thursday before regaining some ground.

Positive sentiment may also have been generated in reaction to a report from the University of Michigan showing consumer sentiment in the U.S. has unexpectedly seen a continued improvement in the month of February.

The University of Michigan said its consumer sentiment index rose to 57.3 in February after jumping to 56.4 in January. Economists had expected the index to dip to 55.5.

With the unexpected increase, the consumer sentiment index reached its highest level since hitting 58.2 in August 2025.

The unexpected uptick by the consumer sentiment index came as sentiment surged among consumers with the largest stock portfolios.

The rebound by the broader markets came despite a steep drop by shares of Amazon ( $AMZN), with the online retail giant plunging by 5.6 percent.

Amazon came under pressure after reporting slightly weaker than expected fourth quarter earnings and forecasting 2026 capital spending well above analyst estimates.

Airline stocks $JETS showed a substantial move to the upside on the day, with the NYSE Arca Airline Index soaring by 7.1 percent to its best closing level in over three years.

Computer hardware and semiconductor stocks $SOXX $SMH also moved sharply higher following recent weakness, driving the NYSE Arca Computer Hardware Index and Philadelphia Semiconductor Index up by 6.8 percent and 5.7 percent, respectively.

A sharp increase by the price of $gold also contributed to significant strength among gold stocks, as reflected by the 5.5 percent spike by the NYSE Arca Gold Bugs Index.

Networking, financial $XLF and oil service stocks $OIH also showed strong moves to the upside, moving higher along with most of the other major sectors.

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1 week ago | [YT] | 0

Trading con Eugenio Gallegos

MORNING MARKET SUMMARY

Looking to stabilize after three-day skid

Equity futures point to a higher opening this morning as the market attempts to stabilize after three consecutive losing sessions for the $SPX500 The major averages all finished more than 1.0% lower, with significant losses across mega-cap and tech names leading a retreat that encompassed all but a couple of defensive mega-sectors.

Yesterday Amazon ($AMZN 204.70, -17.99, -8.1%) is the latest mega-cap stock to come under pressure after guiding for a massive capital expenditure plan in its earnings report. The company expects to spend around $200 billion in cap-ex across 2026, a similar figure to that of Alphabet ( $GOOG 327.94, -3.39, -1.0%), which shed heftier losses to close modestly lower yesterday after its own earnings report. The massive spending plans are viewed as a positive for stocks across the AI infrastructure landscape, contributing to a rebound after several days of sharp losses.

$BTC is also on the rebound this morning after testing the $60,000 mark and then moving higher overnight.In other news, The Wall Street Journal reports that the U.S. and Iran have met for nuclear discussions.

On the data front, market participants will receive the preliminary University of Michigan Consumer Sentiment Index for February (3:00 p.m. ET consensus 54.3) at 10:00 a.m. ET, and the December Consumer Credit Report (Briefing.com consensus $8.4 billion) at 3:00 p.m.

In corporate news:Amazon (AMZN 204.70, -17.99, -8.1%) missed EPS expectations by $0.02, reported revenues in-line, and guided Q1 revenues in-line.
Anthropic enhancements impacted the software development industry, according to The Wall Street Journal.
Intel ( $INTC 49.23, +0.99, +2.1%) and Advanced Micro Devices ( $AMD 197.40, +4.90, +2.6%) told customers in China there will be waits for CPUs, according to Reuters.
Reddit ( $RDDT 163.80, +12.75, +8.4%) beat EPS expectations by up to $0.30, beat revenue expectations, guided Q1 revenues above consensus, and authorized a share repurchase program of up to $1 billion.

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2 weeks ago | [YT] | 0