Wall Street closes mixed as Nvidia, Apple and energy stocks rally while banks, small caps and defence lag
Executive summary: Wall Street finished mixed, with the Nasdaq Composite edging higher while the S&P 500 and Dow Jones slipped. Nvidia, Apple, Tesla and Meta helped support the tech complex, but weakness in banks, small caps, defence and several chip-linked names kept the broader tape uneven. A sharp jump in WTI crude and firmer natural gas contrasted with declines in gold, silver and platinum, underscoring a session shaped by energy strength, rotation within equities and pressure on rate-sensitive and cyclical pockets. [Continue Reading]
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Wall Street Opens Lower as Oil Surges, Energy Leads and Metals Sell Off in Risk-Off Start to September
Executive summary: U.S. markets opened with a defensive tone, as surging WTI crude, weaker gold and silver, and broad pressure on rate-sensitive and cyclical shares outweighed gains in energy and a modest lift in tech. The S&P 500, Nasdaq Composite, Dow Jones and Russell 2000 were all lower at the open, while XLE outperformed on the oil spike. The move points to a market focused on inflation risk, higher yields and a more cautious September setup. [Continue Reading]

