AMD Rises To 1-Year Highs, Crude Eyes $68: What’s Moving Markets Tuesday?
Risk appetite took a breather Tuesday, with major U.S. stock indices retreating modestly from record highs as investors braced for a pivotal stretch of earnings and macro events.
- MAGS ETF is up 50% since April’s tariff-driven low. Track it now here.
Roughly $19.5 trillion in market value — led by four Magnificent Seven names: Microsoft Corp. (NASDAQ:MSFT), Meta Platforms Inc. (NASDAQ:META), Apple Inc. (NASDAQ:AAPL), and Amazon.com Inc. (NASDAQ:AMZN) — is set to report earnings by Thursday after market close.
Meanwhile, the Federal Reserve is widely expected to keep rates steady at 4.25%-4.5% on Wednesday, though growing market chatter points to possible dissent in favor of early cuts.
A 90-day extension of the U.S.-China trade truce remains on the table, said U.S. Secretary of Commerce Howard Lutnick.
Attention will then shift to Thursday’s heavy macro lineup, including second-quarter GDP growth estimates and June’s PCE inflation data, followed by July’s jobs report on Friday — key inputs for the Fed’s next move.
By midday in New York, the S&P 500 slipped 0.1%, the Dow Jones Industrial Average declined 0.4%, and the Russell 2000 shed 0.7%. The Nasdaq 100 remained flat.
Advanced Micro Devices Inc. (NASDAQ:AMD) surged past $175, breaching a major technical level and marking highs not seen since July 2014, making it one of the day’s top tech performers.
Shares of AMD have now rallied by 134% since …
About The Author
