Today At A Glance:
Stocks closed mixed as cooling Middle East tensions set the tone, while investors continued digesting Fed Chair Powell’s congressional testimony. The Dow slid ~0.3%, the S&P 500 edged down ~0.05%, and the Nasdaq eked out a modest ~0.15% gain. Tech and communication services saw slight upticks, led by resilient semiconductors, as Powell maintained a cautious “wait-and-see” stance. Meanwhile, energy and defensive stocks lagged as oil prices rebounded after a three-day decline. Market momentum remains strong, with indices hovering near record levels and bonds playing catch-up to updated growth forecasts .
Today’s Index Performance:
- S&P 500: Opened at $607.90, closed at $606.89, down 0.17%.
- NYSE Composite: Mirrored the S&P’s slight dip (~0.05%) amid cautious sentiment.
- NASDAQ: Opened at $542.03, closed at $540.86, up 0.22% on solid tech sector resilience.
Gainers Of Note:
- Micron (NASDAQ: MU): modest gains (+1–2%), ahead of earnings due after the bell.
- Nvidia (NASDAQ: NVDA): slight uptick after reaching record highs in the Nasdaq‑100 rally .
- FedEx (NYSE: FDX): rebounded pre-market, but remained essentially flat by close after cautious guidance .
Losers Of Note:
- Tesla (NASDAQ: TSLA): slipped ~1–2% as weak EU registrations offset previous session strength.
- FedEx (NYSE: FDX): declined ~5% premarket on lack of full-year guidance, closed sharply lower.
- Lemonade (NYSE: LMND): pulled back about –8.57%, falling from an open of $44.95 to $41.08 by mid-afternoon.
Active Traders Of Note:
- Micron (NASDAQ: MU): heavy volume ahead of earnings, though price movement remained modest.
- FedEx (NYSE: FDX): saw significant pre- and post-market activity around earnings release.
- Tesla (NASDAQ: TSLA): continued elevated volume following recent volatility in EU sales and U.S. performance.
Note: The stock performance summaries are based on general trends observed over the past ten trading days and are not indicative of future results.
THIS NEWSLETTER IS PARTNERED WITH ROBINHOOD.COM AND IS FINANCIALLY SPONSORED BY THAT SERVICE.
TO BEGIN YOUR INVESTMENT JOURNEY TODAY, USE THIS LINK TO SET UP YOUR ACCOUNT.