Morning Brief

US stocks fell for a second straight day as the post-shutdown market reset collided with doubts about rate cuts and another rout in tech. Nasdaq futures slid more than 1.5% as AI leaders such as Nvidia (NVDA), Microsoft (MSFT), and Alphabet (GOOG) extended losses amid profit-taking and growing concerns about stretched valuations. Bitcoin (BTC-USD) officially entered a bear market, down more than 2...

US stock futures rise as the House prepares to vote on ending the 43-day government shutdown, with reopening possible by midnight if the bill passes and the President signs. The data pipeline will take weeks to normalize. Still, Fed watchers will parse remarks from New York Fed’s John Williams, Atlanta’s Raphael Bostic, Governors Steven Myron and Susan Collins for clues on December cuts. AMD (AMD)...

US stocks opened mixed as investors weighed the Senate’s passage of a bill to end the government shutdown and a pair of jolting AI headlines. The measure now heads to the House, where a vote is expected within 24 hours before President Trump signs it into law. Lawmakers are racing back to Washington amid widespread flight delays — a fitting symbol of the shutdown’s ripple effects. The bill would r...

US stock futures climb as Washington inches closer to ending the government shutdown. The Senate advanced a bipartisan bill 60–40 that would reopen the government through January 30, fully fund key programs like SNAP, and add new limits on President Trump’s power to fire federal workers. The House still needs to act, but hopes for a deal are fueling a risk-on rally, with Nasdaq (^IXIC) futures lea...

US markets edge lower to close the week as investors digest Elon Musk’s latest triumph — Tesla (TSLA) shareholders approving his $1 trillion pay package with over 75% support. The vote also included conditional approval for Tesla to invest in Musk’s AI startup, xAI, although the board remains undecided amid concerns about overlap. Musk promised to scale up Optimus robot production at Fremont and A...

US stock futures are little changed as investors weigh lofty valuations, strong earnings, and fresh signs of labor market stress. Qualcomm (QCOM) is the latest big-tech name to get punished despite a solid quarter and upbeat forecast after unveiling a new data center chip. The FAA is reducing US flight traffic by 10% as the government shutdown enters its 37th day, moving to relieve unpaid air traf...

US stocks are bouncing off session lows after a sharp tech and chip sell-off wiped about $500 billion in market value from the Philadelphia Semiconductor Index. AMD (AMD) is under pressure even after beating on revenue, profit, and guidance across data center, client, and gaming, as Wall Street questions lofty AI valuations following blockbuster deals with OpenAI and Oracle. Super Micro Computer (...

US stock futures are under pressure as Palantir (PLTR) slides despite beating on earnings and raising its full-year outlook, with investors balking at its lofty valuation after a 170% year-to-date run. The AI favorite is also under fresh scrutiny after “Big Short” hedge fund manager Michael Burry disclosed prominent put positions against both Palantir and Nvidia (NVDA), stoking fears of an AI bubb...

US stocks kick off November on a positive note after October marked a sixth straight month of gains, with futures higher ahead of a big week for earnings from AMD (AMD), Palantir (PLTR), and Qualcomm (QCOM). Berkshire Hathaway (BRK-B) reported strong insurance results and a record $381.7 billion cash pile, but no share buybacks — a sign Warren Buffett may still see the stock as expensive as he pre...

US stocks edge lower after a busy night of earnings and policy headlines. President Trump and China’s Xi Jinping agreed to a one-year trade truce at their meeting in South Korea, cutting fentanyl-related tariffs in half while China resumes rare-earth exports and soybean purchases worth 12 million metric tons — about 10% of the U.S. annual crop. The deal pauses further escalation but keeps the aver...

US stocks rose as Nvidia (⁠NVDA⁠) became the first company to hit a $5 trillion market cap, driven by record AI chip demand and bullish guidance from CEO Jensen Huang following the company’s GTC event. Analysts at Bernstein say Nvidia’s next-generation Blackwell and Rubin chips could generate over $500B in data center revenue over the next six quarters. The milestone comes ahead of a massive week...

US stocks edge higher as the Federal Reserve kicks off its two-day policy meeting and Big Tech earnings loom. Amazon (AMZN) announced it will cut 14,000 jobs across logistics, cloud, payments, and gaming — its most extensive layoffs since 2022 — as CEO Andy Jassy pushes to make the company “leaner and faster” through AI-driven automation. UPS (UPS) also said it will cut 34,000 positions as part of...

US stocks open higher as hopes rise for a U.S.–China trade truce. Treasury Secretary Scott Bessant told NBC’s Meet the Press that the two countries have reached a “very successful framework” for a deal ahead of President Trump’s Thursday meeting with President Xi Jinping. Futures rallied on the comments, with all three major indexes set to open at record highs. Meanwhile, the Federal Reserve is ex...

US stocks surged after September CPI came in cooler than expected, rising 3.0% yearly versus the 3.1% forecast by economists. The report, the first major economic release in 23 days due to the government shutdown, cements expectations for an October rate cut, with futures now pricing in a 99% probability. Investors cheered the data as the S&P 500 (^GSPC) and Nasdaq (^IXIC) hit new all-time highs....

US stocks open slightly lower as Tesla (TSLA) shares slide following mixed Q3 results. Revenue topped expectations at $28B, but operating profit plunged 40% year over year as price cuts weighed on margins. CEO Elon Musk urged shareholders to approve his proposed $1T pay package, calling proxy advisors “corporate terrorists” while reiterating his need for 20% voting control. Tesla also revealed pla...

US stocks open mixed as earnings season heats up and Netflix (NFLX) shares tumble 8% after the streaming giant missed expectations on both revenue and profit. The company blamed an unexpected tax hit in Brazil but reaffirmed its full-year guidance and projected stronger ad-tier growth heading into 2025. Netflix executives said the platform will more than double advertising revenue next year, helpe...

US markets open mixed as earnings season heats up, with General Motors (GM) and Coca-Cola (KO) topping estimates while warning of tariffs and shifting consumer demand. GM stock jumped more than 10% after raising full-year guidance, driven by strong truck sales and tariff relief measures that offset $4.5B in costs. CEO Mary Barra struck an optimistic tone, calling new policies “a win for American m...

US markets open higher as stocks rebound from last week’s volatility despite a major Amazon Web Services (AMZN) outage that took down large portions of the internet overnight, including platforms like Coinbase (COIN), Robinhood (HOOD), and Disney+ (DIS). Amazon says the issue has been mitigated and services are returning to normal. Investors now turn their focus to a packed week of corporate earni...

US stocks open mixed after President Trump told Fox Business the 100% tariff on China “won’t stand,” calling high tariffs “not sustainable.” Futures turned higher on hopes of easing trade tensions ahead of a planned Trump–Xi meeting in two weeks. The optimism comes after a turbulent Thursday that saw credit fears hit regional lenders. Zions Bancorporation (⁠ZION⁠) and Western Alliance (⁠WAL⁠) disc...

US stocks open higher as the AI trade reignites on record results from Taiwan Semiconductor (TSM), which posted record quarterly profit and raised its 2025 outlook for the second time this year. The chipmaker expects mid-30% revenue growth next year and plans to expand production in Arizona with a new $40B investment. The news lifted Nvidia (NVDA), Broadcom (AVGO), and ASML (ASML) stock, while ana...

US stocks rebound as investors digest another wave of strong bank earnings and rising geopolitical tension. Gold hits a new record above $4,200 an ounce, extending its 60% year-to-date surge amid fears over trade escalation and ongoing Fed easing. Bank of America (BAC) and Morgan Stanley (MS) topped expectations, boosted by a 40%+ jump in investment banking fees and robust trading revenue. Dutch c...

US stocks fall as tensions with China escalate after Beijing sanctioned the US subsidiaries of a major South Korean shipping company in retaliation for new American port fees. Investors are flocking to Treasuries while crypto tumbles, with traders bracing for more trade volatility heading into November. JPMorgan Chase (JPM), Goldman Sachs (GS), Citigroup (C), and Wells Fargo (WFC) all reported str...

US stocks rally as President Trump strikes a conciliatory tone toward China after threatening new tariffs last week. Futures and European markets surged after Trump said “all will be fine” between Washington and Beijing, reassuring investors following a $2 trillion market sell-off on Friday. Chip and rare-earth stocks led gains as traders bet on a trade deescalation. Broadcom (AVGO) jumped after a...

US stocks edge higher as the “buy-everything” rally stretches into another session. Gold hits fresh records, crypto surges, and the dollar posts its best week of the year as investors juggle the so-called debasement trade narrative. The Bureau of Labor Statistics is recalling furloughed workers to release September CPI data despite the government shutdown, after the White House ordered the report’...

US stocks hold near record highs after the S&P 500 (^GSPC) and Nasdaq (^IXIC) both closed at all-time highs. Gold remains near $4,000 an ounce, driven by safe-haven demand and central bank buying, even as Fed minutes showed policymakers divided on the pace of rate cuts. Chair Jerome Powell delivers remarks today at a community banking conference but is not expected to comment on monetary policy. D...