Wall Street closes mixed as Meta and Microsoft offset AI and energy weakness, oil slides nearly 6%
Executive summary: US stocks finished mixed, with the S&P 500, Nasdaq and Russell 2000 lower while the Dow was essentially flat. Meta and Microsoft led large-cap gains, but weakness in Nvidia, Amazon, Apple, Tesla and energy shares kept the broader tape under pressure. The sharpest macro move was in WTI crude, which fell nearly 6%, while gold and bitcoin firmed and the dollar strengthened against the yen. [Continue Reading]
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Wall Street opens mixed as gold surges, oil slumps and chip stocks retreat
Executive summary: U.S. markets opened with a split tape, as the S&P 500 and Nasdaq slipped while the Dow held a modest gain. The biggest moves came in commodities and rate-sensitive sectors, with gold jumping +3.6%, WTI crude dropping -6.2%, and defence, energy and chip stocks all under pressure. The pattern points to a sharp rotation away from cyclical and semiconductor exposure and toward haven assets. [Continue Reading]

