Wall Street Opens Lower as Oil Jumps and Gold Slips, Tech Holds Up Better Than Cyclicals
Executive summary: U.S. stocks opened weaker in early trading, with the S&P 500, Dow Jones, Nasdaq Composite and Russell 2000 all in the red as higher crude prices and a broad move out of defensive and financial exposures weighed on sentiment. Energy was the main pocket of strength, while gold, silver, banks, defense and small caps led the downside. AI and chip shares held up better than the broader market, offering a modest offset to the risk-off tone. [Continue Reading]
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