Meta Platforms (Nasdaq: META) is gaining over 2% on reports it will charge users $14 per subscription for an ad-free experience on its social media platforms, including Facebook.
Goldman Sachs is fueling fears amid a warning that tariffs could start higher than the Trump administration is letting on.
The markets are off to a volatile start, meandering between positive and negative ground. At last check, the major stock market indices have turned higher, albeit fractional gains. Recession fears continue to dampen market sentiment, serving as a headwind, while tariff relief is a tailwind.
Most sectors of the economy are showing green, led by telecom stocks with a 1.3% gain as a group. Utilities are a drag, falling 1.5% as a sector.
Here’s a look at the performance as of morning trading:
Dow Jones Industrial Average: Up 83.14 (+o.20%)
Nasdaq Composite: Up 47.55 (+0.26%)
S&P 500: Up 14.09 (+0.24%)
We’ll see if the markets can hold onto these gains into the afternoon.
The markets are attempting to extend yesterday’s rally in what is shaping up to be a volatile start. After coming out of the gate higher, stocks have since retreated in a mixed showing. As of early morning trading, the stock market indices are mixed across the Dow Jones Industrial Average, Nasdaq Composite and S&P 500. Among the strongest performers are CRWD and FCX, both of which are posting gains as high as 5%. Energy stocks are the winners of the session so far, with a gain of over 1% for the sector.
Copper stock Freeport-McMoRan (NYSE: FCX) has come off its highs of the session but is still a gainer, adding 2.3%. The stock has been the recipient of some bullish comments out of Wall Street of late as it is considered a defensive play in an uncertain tariff economy.
CrowdStrike Holdings (Nasdaq: CRWD) is holding onto gains of nearly 5% following a BTIG analyst upgrade to “buy” on better visibility in the security software sector.
Magnificent Seven stocks are mixed, including a 1.5% drop in AI favorite Nvidia (Nasdaq: NVDA).
Here’s a look at the performance as of morning trading:
Dow Jones Industrial Average: Down 41.04 (-0.10%)
Nasdaq Composite: Up 14.83 (+0.08%)
S&P 500: Up 1.53 (+0.04)
The markets are attempting to extend Monday’s super rally but have gotten off to a bumpy start.
Copper stock Freeport-McMoRan is gaining as a defensive play in a tariff economy.
Mag 7 stocks are mixed, including a 1.5% drop in NVDA.
MicroAlgo (Nasdaq: MLGO), which is behind central processing algorithms, is giving up some gains, falling 11.4% today after a massive triple-digit percentage advance on Monday. The company announced plans to issue new shares following a convertible bond purchase with creditors amounting to $20 million.
Fortinet (Nasdaq: FTNT) is gaining 1.6% as of mid-morning trading.
Software company Autodesk (Nasdaq: ADSK) is rising 1.5% in the face of a shareholder battle with activist investor Starboard Value.
IT consulting company Cognizant Tech (Nasdaq: CTSH) is rising 2.6% on the day after announcing a $2 billion jolt to its share buyback program.
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