Mega-cap margins hold up better than the Street modeled
Cost discipline from the past two years is paying off even as top-line growth moderates.
Track breaking headlines, market-moving events, analyst commentary, sector performance and macroeconomic developments in one place.
S&P 500
Nasdaq
Dow Jones
VIX
Fed minutes reveal a committee divided on the timing of the next rate move.
Long-end Treasury auction draws the strongest demand in four months.
Housing starts beat expectations as builder sentiment improves for a second month.
Semiconductor names lead premarket gains ahead of a heavy earnings slate.
Cost discipline from the past two years is paying off even as top-line growth moderates.
Regional lenders are easing terms as deposit pressure fades and demand for working capital grows.
Domestic manufacturing investment continues to offset softness in export-facing segments.
19,204.55
+0.94%2,214.30
+1.35%14.62
-3.10%$2,412
-0.28%
"The market is pricing a soft landing with unusual conviction. The risk isn't a recession — it's that the landing takes longer than everyone has already positioned for."
Equity Strategy Desk
"Credit spreads this tight usually mean one of two things: the market knows something, or it's gotten complacent. Right now, the data leans toward the former."
Credit Research Desk| Index | Level | Change | YTD |
|---|---|---|---|
| S&P 500 | 5,842.10 | +0.62% | +14.2% |
| Nasdaq Composite | 19,204.55 | +0.94% | +18.6% |
| Dow Jones Industrial | 41,032.80 | -0.14% | +8.9% |
| Russell 2000 | 2,214.30 | +1.35% | +9.4% |