Good MorningThe S&P 500 index retreated from resistance at the 4,300 level on Monday. The move is consistent with expectations and the idea the market would enter a holding pattern ahead of the FOMC meeting. The FOMC meets next week and is expected to keep its interest rate policy unchanged from the 500 to 525 bps target it is set. The committee is also expected to maintain a hawkish posture and may indicate the need for additional rate hikes should the data indicate. Lucky for them and the market, the May read of the CPI index is due the day before the policy announcement. If the index confirms the upswing in inflation indicated by the last PCE price index, it may surprise the market with a hike.
The question for traders is what 4,300 mean to the S&P 500 index. It is a critical point of resistance that might not be crossed. In that situation, it will market the top of a trading range that could dominate the market for years. However, if the S&P 500 can move above it, a trading range is still the most likely scenario; only this time, 4,300 will mark the middle. Either way, the S&P 500 is in a rolling bear market that will impact price action for several years. Featured: Futurist Eric Fry says it will be a “Summer of Surge” for these three stocks (Ad) 
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Markets | | | Asian stock markets rose Tuesday after Wall Street fell on concern the U.S. economy may be weakening following a report that showed growth in service industries slowing. Shanghai, Tokyo and Hong Kong rose. Sydney retreated. Oil prices declined.Wall Street's benchmark S&P 500 index lost 0.2% on M... Read the Full Story |
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From Our Partners | | Nvidia just hit $4 trillion—but a controversial new exposé says that might not be a cause for celebration. In The Final Frontier, a newly released documentary, a former insider reveals the darker side of the AI boom—and why tech giants like Nvidia, Meta, and Microsoft could be facing serious pain ahead.
More importantly, it names the lesser-known companies positioned to thrive in the aftermath. | | Click here to stream The Final Frontier for free and get the #1 tech pick to watch now. |
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Markets | | | Stocks rushed higher Friday after a strong report on the U.S. job market suggested a recession may not be as close as Wall Street had feared. The S&P 500 leaped 1.5% for the latest surge in a rally that's vaulted it nearly 20% since mid-October. That put Wall Street's main measure of health on t... Read the Full Story |
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As the two largest economies collide in their quest to expand their political and economic powers, the United States and China are on an opposite schedule regarding the wind direction of their economies. While the United States has struggled to lower its inflation rate due to increased demand and ... Read the Full Story |
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From Our Partners | | A couple of years ago, we started playing with the massive amounts of data that MarketBeat takes in everyday trying to figure out if there was a way to identify short term trading wins. By analyzing earnings data, news sentiment, analyst recommendations, insider transactions and dozens of other data points, we think we’ve found an algorithm that finds interesting short-term stock ideas. We call that algorithm the IdeaEngine and its stock ideas are published on MarketBeat All Access every Monday morning. We make one IdeaEngine idea available free every Monday as an SMS alert. We’ll be releasing the next IdeaEngine alert on Monday morning, so make sure you are signed up before then.  | | Get MarketBeat IdeaEngine Alerts (Free) |
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Forza X1 (NASDAQ: FRZA), a little-known small-cap stock listed on the NASDAQ, saw its share price surge over 100% in the early hours of trading on Monday morning. This impressive move comes after the company tweeted a brief teasing message on Friday after the close, suggesting they will make an im... Read the Full Story |
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Markets | | | Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by major producing countries in the OPEC+ alliance failed to push oil higher.The Saudi cut of 1 million barrels per day, to start in ... Read the Full Story |
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From Our Partners | | With new tariffs, rising inflation, and record debt, gold remains a go-to hedge for smart investors.
A new guide explains how to buy, hold, and strategically use physical gold to strengthen your portfolio during uncertain times. | | Download your free guide: How to Invest in Physical Gold |
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Markets | | | Seth Jacobs has about 100 bins packed with marijuana flower sitting in storage at his upstate New York farm. And that’s a problem. There aren’t enough places to sell it.The 700 pounds (318 kilograms) of pungent flower was harvested last year as part of New York's first crop of legally grown pot for ... Read the Full Story |
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Markets | | | Two insurance industry giants have pulled back from California's home insurance marketplace, saying that increasing wildfire risk and soaring construction costs have prompted them to stop writing new policies in the nation's most populous state.State Farm announced last week it would stop accepting ... Read the Full Story |
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MongoDB (NASDAQ: MDB) was on virtually no one's radar as an AI play, yet it is. The company’s cloud-based database services and developer data tools make it perfectly positioned to benefit from the AI boom. That is seen clearly in the Q1 results and guidance, which was raised well above the ... Read the Full Story |
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SunCar Technology Group Inc (NASDAQ:SDA) has been on a wild ride — and it's only just begun.
On May 17th, the Shanghai-based auto services startup completed its business combination with special purpose acquisition company (SPAC) Goldenbridge Acquisition Limited. The next day, SunCar began ... Read the Full Story |
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In a surprising move, Saudi Arabia pledged to reduce its oil output by 1 million barrels per day for July at the June 4 OPEC meeting. This adjustment, which may continue monthly, places Saudi oil production at its lowest point in a decade, excluding the pandemic-induced slump.
Moreover, the broad... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day The Trade Desk, Inc. operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices. It provides data and other value-added services. The company serves advertising agencies, brands, and other service providers for advertisers. The Trade Desk, Inc. was incorporated in 2009 and is headquartered in Ventura, California. | | View Today's Stock Pick |
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