Good MorningThe S&P 500 and other major equity indices sold off on Wednesday as fears centered on U.S. government debt rose to a boil. The increase in fear was triggered by a budget standoff that could leave the U.S. debt level at unmanageable levels. The yield on the 10-year treasury rose in response as investors reduced their exposure, and it could continue to climb in the coming weeks. The risk for the market is that President Trump's activity-spurring agenda will be stalled before it can gain traction.
Thursday's action will be telling. The sell-off will likely gain momentum if the S&P cannot quickly regain its footing. In that scenario, the index could retreat to retest support near 5,800 and 5,700, and a deeper decline is possible. Without a positive catalyst to reinvigorate buyers, the S&P could fall as far as 5,350 or lower and move to retest the April lows is possible. The next visible market catalyst is the PCE price index, which is scheduled for release next Friday.
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Stocks | | | Stocks drifted to a mixed close on Wall Street Thursday in what has been a rocky week so far because of worries coming out of the bond market about the U.S. government’s mounting debt.Trading remained choppy throughout most of the day following Wednesday’s big slump for the S&P 500. That loss ha... Read the Full Story |
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It didn’t really need much boosting, but Microsoft Corporation (NASDAQ: MSFT) stock got more good news in a week when the market is looking for direction. The latest catalyst for the stock is news that the company is likely to avoid fines from the European Union’s (EU) antitrust case r... Read the Full Story |
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Markets | | | Retailers are trying to navigate their way through economic uncertainty in 2025. Tariffs, inflation and lingering fears of a recession have left many Americans uneasy and pulling back on spending. Because consumer spending accounts for about 70% of U.S. economic activity, a retreat would heighten th... Read the Full Story |
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From Our Partners | | Something big is brewing in Washington.
According to my research, an executive order from President Trump could be just weeks away.
And it holds the potential to trigger one of the most explosive tech booms in US history.
At the center of it all? Robots.
Not the kind that clean your house or pour you coffee.
But the kind that could reshape entire industries, add $1.2 trillion per year to the US economy, and affect 65 million American lives — just in the next year. | | This little-known company holds nearly 100 patents and trades for around $7 |
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Markets | | | The world's sources of critical minerals are increasingly concentrated in just a few countries, most notably China, leaving the global economy vulnerable to supply cutoffs that could disrupt industry and hit consumers with higher prices, a report said Wednesday.The Paris-based International Energy A... Read the Full Story |
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Canada Goose's (NYSE: GOOS) stock price surged by 30% following its FQ4 report, highlighting both its brand loyalty and high short interest. The short interest is a primary factor in the stock's sudden price spike. Although down from the peaks set in 2022, it was still remarkably high at the sta... Read the Full Story |
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Salesforce Inc. (NYSE: CRM) is quietly mounting a comeback.
Shares are up more than 25% from the April low and are trading just under $290 heading into next week’s earnings.
While it’s still some distance from its all-time high around the $370 mark, the stock is setting u... Read the Full Story |
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Tech | | | The U.S. Department of Energy announced Wednesday that $365 million originally slated for solar projects in Puerto Rico will be diverted to improve the island’s crumbling power grid, sparking an outcry just days before the Atlantic hurricane season starts.The funds had been in limbo in recent weeks,... Read the Full Story |
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Markets | | | Target’s challenge to revive sales and its status as a cheap chic retailer just got more complicated.The discounter announced on Wednesday that sales fell more than expected in the first quarter, and the retailer warned they will slip for all of 2025 year as its customers, worried over the impact of... Read the Full Story |
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Recent developments at Intel Corporation (NASDAQ: INTC) suggest a quickening pace in its strategic overhaul under new CEO Lip-Bu Tan. Reports emerging around May 20, 2025, indicate the semiconductor sector giant may be actively exploring a sale of its Networking and Edge (NEX) business unit.
Th... Read the Full Story |
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Magnificent Seven giant Meta Platforms (NASDAQ: META) has been no stranger to Wall Street analyst upgrades lately. After the company’s last earnings report, nearly 20 analysts tracked by MarketBeat increased their price targets on the stock.
More recently, analysts at Wolfe Research issue... Read the Full Story |
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Thursday's Early Bird Stock Of The Day DocuSign, Inc. provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce. It also provides Identify, a signer-identification option for checking government-issued IDs; Standards-Based Signatures, which support signatures that involve digital certificates; Monitor that uses advanced analytics to track DocuSign eSignature web, mobile, and API account; Notary which enables notaries public to conduct remote online notarization transactions; and Web Forms, a web forms that quickly draft agreements using pre-populated data from completed forms or external systems via APIs. In addition, the company offers Rooms for Real Estate that provides a way for brokers and agents to manage the entire real estate transaction digitally. Signature and CLM are FedRAMP, an authorized version of DocuSign eSignature for U.S. federal government agencies; and life sciences modules that support compliance with the electronic signature practices. The company sells its products through direct and partner-assisted sales, and digital self-service purchasing. DocuSign, Inc. was incorporated in 2003 and is headquartered in San Francisco, California. | | View Today's Stock Pick |
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