To The Moon

One report. One wave of uncertainty. And suddenly, the AI trade looks a lot more fragile. Thursday’s sell-off showed just how quickly sentiment can shift when doubts emerge about the companies driving the artificial intelligence boom. According to a Financial Times report, OpenAI’s annualized recurring revenue was reportedly $20 billion below previously indicated levels. OpenAI has not confirmed that figure, but the report was enough to trigger fresh concerns about its growth trajectory and competitive position. The market reaction was swift. The $NASDAQ(.IXIC)$ plunged 1.25%, marking its worst session since mid-August. The $S&P 500(.SPX)$ fell 0.47%, while semiconductor stocks took an even bigger hi

The AI trade may have helped ignite Tuesday’s rally, but the real story was what happened next: the buying spread across the broader market. Markets The $S&P 500(.SPX)$ gained 0.6% to close at a fresh record of 7,819.04, while the Nasdaq Composite added 0.5%, reaching a new high for the second consecutive session. The Dow Jones Industrial Average rose 0.5%, or 253 points. This was not simply another technology-led move. The Rally Is Getting Broader Tuesday’s advance was remarkably broad. Every major sector finished higher except healthcare, with utilities emerging as the strongest performer, gaining 3%. That is particularly interesting because utilities rarely lead the market when the S&P 500 is breaking into fresh territory. According to

Monday’s session once again confirmed a trend that is becoming increasingly difficult to ignore: artificial intelligence remains the main engine behind the U.S. market rally. With a relatively light economic and earnings calendar this week, investors have once again turned their attention toward the theme dominating markets: AI and the growth opportunities it continues to create across the technology sector. The Dow Jones gained 0.18%, while the $S&P 500(.SPX)$ rose 0.66%. But the Nasdaq stood out, climbing 1.05% and reaching its 23rd record close of 2026. $NVIDIA(NVDA)$ $Microsoft(MSFT)$ $Apple(AAPL)$ AI Remains the

Wall Street walked into Friday with one set of assumptions, and walked out with another. A sharply weaker September jobs report forced traders to rethink the economy’s momentum and the Fed’s next move, and that shift in expectations sent equities higher. $NASDAQ(.IXIC)$ : +1.19% $S&P 500(.SPX)$ : +0.73% Dow: +0.49% (+250 pts) Tech led the rebound, helping the Nasdaq lock in a winning week. The Dow and S&P 500 still finished the week slightly lower, but Friday’s tone was decisively risk‑on. A Jobs Report That Scrambles the Narrative Key details: Jobs Payrolls: +29,000 (vs. expectations for a much stronger gain) Revisions: July + August revised down by 60,000 Unemployment: 4.2% (up from 4.1%) Wage

September closed with one last twist: a down day for most of the market, except for tech, which managed to stay afloat while the rest of Wall Street sagged. $S&P 500(.SPX)$ : –0.25% Dow: –0.86% (–441 pts) $NASDAQ(.IXIC)$ : +0.24% The S&P spent most of the session in positive territory thanks to softer‑than‑expected inflation data. August core PCE rose 0.2%, while headline PCE climbed 0.3%, both cooler than forecasts and enough to spark a morning rally. But the momentum didn’t survive the close. The S&P slipped into the red, ending September down 0.5%, while the Dow logged a 4.3% monthly drop. The Nasdaq, powered by tech resilience, finished the month up 1.9%. Yields Stay Hot, Markets Stay Ner

Tuesday delivered another reminder of who’s really in charge of this market: the bond market. Equities tried to mount a midday rebound, but rising long‑term yields ultimately kept stocks pinned in the red. Dow: –0.26% $S&P 500(.SPX)$ : –0.17% $NASDAQ(.IXIC)$ : –0.09% All three benchmarks traded much lower earlier in the session before staging a partial recovery. The catalyst for that brief optimism was a set of comments from New York Fed President John Williams that traders interpreted as slightly more dovish. Combined with cooler‑than‑expected jobs data, rate‑hike odds for October fell sharply, from 71% to roughly 52%, and 2‑year yields eased. Oil also helped sentiment: Brent: near $96 WTI: back bel

Markets opened the week under pressure, weighed down by rising oil prices, geopolitical tension, and the growing likelihood of more rate hikes. It was a grey Monday in New York, and the tape looked the same. Index performance: Dow: –0.67% $S&P 500(.SPX)$ : –0.77% $NASDAQ(.IXIC)$ : –0.92% The Dow is now on pace for its worst September in three years. Oil Stays Elevated as Iran Tensions Escalate Trump’s rejection of Iran’s cease‑fire proposal sent crude higher again. Ed Yardeni summed up the market’s anxiety: without a diplomatic breakthrough, oil stays expensive, inflation stays sticky, and central banks stay hawkish. His warning is blunt: Higher‑for‑longer oil → higher‑for‑longer rates. That alone is

After several days of sharp swings, Wall Street managed to close the week on a surprisingly constructive note. Friday’s session: $S&P 500(.SPX)$ : +0.51% Dow: +0.93% (+479 pts) $NASDAQ(.IXIC)$ : +0.48% All three major indexes posted weekly gains: Dow: +0.3%, snapping a three‑week losing streak S&P 500: +1.2%, breaking a two‑week slide Nasdaq: +2.1%, leading the charge Not bad for a market that spent most of the week wrestling with surging yields and geopolitical uncertainty. Yields Hit New Highs - Yet Equities Don’t Break The 10‑year Treasury climbed to 5.18%, its highest level since 2007. Oil eased into the weekend, but bond volatility remained elevated. US10Y Friday’s equity strength came after

Markets opened weak on Thursday but briefly found relief after reports that U.S. and Iranian negotiators were exploring a phased path toward de‑escalation. The bounce didn’t last. By the close, stocks were essentially unchanged, unable to shake off the pressure coming from the bond market. Index performance: Dow: –0.31% $S&P 500(.SPX)$ : –0.02% $NASDAQ(.IXIC)$ : +0.01% The resilience is notable: despite the noise, all three benchmarks remain near record highs. Yields Stay Elevated - And Equities Feel It Treasury yields continued their march upward: US3OY 10‑year: highest level since 2007 7‑year: highest since 2009 The drivers are stacking up-rising oil, expectations of more Fed tightening, and weak d

Wall Street spent Wednesday wrestling with a message the bond market is no longer whispering: yields are rising fast, and stocks can’t ignore it anymore. The session was broadly negative: $NASDAQ(.IXIC)$ : –1.13% $NVIDIA(NVDA)$ $Microsoft(MSFT)$ $Apple(AAPL)$ $S&P 500(.SPX)$ : –0.75% Dow: –0.68% Only energy managed to finish higher, as nearly every other sector buckled under the weight of surging rates. The trigger was a brutal 5‑year Treasury auction, as “disastrous.” Weak demand sent the 5‑year yield above 5%, its highest level since 2007. Long‑duration yields followed su