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U.S. Stocks Stall as Oil Extends Gains
The Wall Street Journal65d agoneutral
U.S. Stocks Stall as Oil Extends Gains

U.S. stocks were little changed Wednesday as oil prices extended gains, while investors braced for a wave of major earnings. The S&P 500 slipped 10.24 points, or 0.14%, to 7498.96, while the Nasdaq Composite lost 146.30 points, or 0.57%, to 25690.90. Traffic at the Strait of Hormuz remained at less than 10% of its prewar levels.

Momentum Leading a Majority of Stocks Higher
Barrons.com66d agoneutral
Momentum Leading a Majority of Stocks Higher

Momentum ETFs were living up to their names in early afternoon trading. The Invesco S&P 500 Momentum ETF, the Invesco Dorsey Wright Momentum ETF, and the iShares MSCI USA Momentum Factor ETF were gaining steam, while smaller stocks continued to lag.

Tech Earnings Will Put a Fragile Stock Market to the Test
Barrons.com66d agoneutral
Tech Earnings Will Put a Fragile Stock Market to the Test

The stock market could face its sternest test since the Iran war recovery this week, as a key component of the tech-led rally reports second-quarter earnings. Google parent Alphabet the world’s third-largest stock, will update investors on its second quarter activity after the close of trading on Wednesday, likely a few minutes after Elon Musk’s Tesla posts results for the three months ending in June. The reports will kick off a long stretch of big-ticket earnings releases, including Microsoft Meta Platforms Amazon and Apple next week, as investors face the market’s weeks-long stall.