Wall Street closes mixed as Nasdaq and S&P 500 extend gains, Tesla and Nvidia surge on a broad tech-led rally
Executive summary: U.S. stocks finished mixed, with the S&P 500 and Nasdaq Composite higher while the Dow Jones and Russell 2000 slipped. The session was led by a sharp advance in Tesla, Nvidia, Apple and the broader tech complex, while banks, Amazon and small caps lagged. Commodities were also active, with WTI crude, silver and platinum posting outsized gains, adding a macro backdrop that favored energy and materials over rate-sensitive financials. [Continue Reading]
Europe closes lower as DAX leads the selloff, while silver and energy surge on a sharp risk reset
Executive summary: European equities ended the session under pressure, with the DAX, CAC 40, Euro Stoxx 50 and FTSE 100 all lower. The move came alongside a broad jump in commodities, led by silver, platinum, Brent crude and natural gas, while the euro and sterling weakened against the dollar. The scale of the commodity rally and the equity decline points to a market repricing of inflation, rates and geopolitical risk, even as some cyclical pockets such as global autos held up better than the main benchmarks. [Continue Reading]
