🔔 Mixed open on Wall Street: New York starts Thursday cautiously as the market digests a flood of Big Tech earnings reports and bond performance.
After intense, volatile sessions, the major indexes are looking to stabilize in the first few minutes of trading, with traders focused on key corporate results and U.S. employment data:
Nasdaq 100 ($NDX): Down slightly by 0.12% to around 20,240 points, as investors weigh the outlook for giants like Tesla ($TSLA ) and Nvidia ($NVDA ).
S&P 500 ($SPX): Trading nearly flat (+0.05%), struggling to hold the key support level at 5,850 points amid a highly selective institutional market this morning.
Gold ($XAU ) as a hedge: The precious metal remains firm at $2,725 per ounce, consolidating its upward trend amid a global search for safe havens.
💡 My take: Wall Street is showing caution in an opening session dominated by earnings digestion. As long as the S&P 500 can defend 5,850 points, the absorption bias remains in play, but pressure from bond yields could limit early breakout attempts.
Do you think pressure from yields will force profit-taking at the close, or will Big Tech manage to drive a rebound this afternoon? 👇📈
#BinancePick
After intense, volatile sessions, the major indexes are looking to stabilize in the first few minutes of trading, with traders focused on key corporate results and U.S. employment data:
Nasdaq 100 ($NDX): Down slightly by 0.12% to around 20,240 points, as investors weigh the outlook for giants like Tesla ($TSLA ) and Nvidia ($NVDA ).
S&P 500 ($SPX): Trading nearly flat (+0.05%), struggling to hold the key support level at 5,850 points amid a highly selective institutional market this morning.
Gold ($XAU ) as a hedge: The precious metal remains firm at $2,725 per ounce, consolidating its upward trend amid a global search for safe havens.
💡 My take: Wall Street is showing caution in an opening session dominated by earnings digestion. As long as the S&P 500 can defend 5,850 points, the absorption bias remains in play, but pressure from bond yields could limit early breakout attempts.
Do you think pressure from yields will force profit-taking at the close, or will Big Tech manage to drive a rebound this afternoon? 👇📈
#BinancePick