Micron Takes SPX, NDX To New Highs. Oil and Yields Ease.
Micron Technology surged 20% after its market value crossed the $1 trillion threshold, propelling the S&P 500 and Nasdaq to fresh all‑time highs. The rally was supported by a modest decline in crude oil to roughly $94 per barrel and a pullback in 10‑year Treasury yields to 4.5%. While tech led the gains, only three of eleven sectors outperformed the equal‑weight S&P, underscoring a narrow market breadth. Analysts caution that the rally’s sustainability hinges on broader AI participation or a concrete U.S.–Iran agreement.
Rally Stalls Into Friday Jobs Number
The market rally paused on Friday as traders braced for the upcoming non‑farm payrolls report, with the S&P 500 slipping and every major sector ending in the red. Yields on the 10‑year Treasury rose to 4.39%, pressuring small‑cap stocks like...
Oil, Yields Higher on Persian Gulf Escalation, Stocks Down Slightly
Crude oil rebounded above $105 per barrel after reports of an Iranian strike on the UAE and a U.S. naval show of force in the Strait of Hormuz. The surge pushed oil to a peak near $107 before settling around...
Oil to $108, Yields Higher, Stocks Slightly Lower After Hours on Mag7 Earnings
Oil prices rose toward $108 a barrel as geopolitical tensions in the Strait of Hormuz and broader Iran‑related risks lingered, pushing the commodity near the upper end of its conflict‑driven range. The spike lifted the benchmark 10‑year Treasury yield to...
Tech Leads Rally After Cease Fire Extension. Tesla, IBM Report.
The U.S. market rebounded after the U.S. extended the Iran cease‑fire, pushing the Nasdaq to fresh highs and the S&P 500 close to its recent peak. Tech stocks led the charge, with the XLK ETF up about 2% and semiconductor...
Oil, Yields Decline, Equities Back Near Highs
U.S. equities edged closer to all‑time highs as the S&P 500 hovered just below record levels, propelled by strong tech performance. Crude oil retreated to $92 a barrel, easing inflation concerns and supporting the rally. The Producer Price Index rose...
Oil Spikes, Stocks Hit. Treasury Expected to Intervene in Energy Market. NFP Tomorrow.
Oil prices spiked above $80 a barrel after Iran‑related tensions, prompting the White House Treasury to signal possible futures market intervention. The announcement eased oil back below $80, allowing equities to recover modestly, with the S&P 500 down 0.6% and...