US Markets End Mixed as Tech Stocks Weigh on Nasdaq
A 5-minute read of yesterday's US session and today's catalysts — what to watch before pre-market opens at 21:30 HKT.
TL;DR
The US markets ended the session mixed, with the Dow Jones and Russell 2000 posting gains, while the S&P 500 and Nasdaq 100 declined. The VIX rose +5.02% to 19.87, indicating increased market volatility.
Tech stocks weighed on the Nasdaq 100, with AAPL and MSFT falling -3.64% and -2.02%, respectively. The 10Y Yield fell -0.53% to 4.53, while WTI Crude declined -1.88% to 89.58.
US Session Recap
| Index/Asset | Close | Change | Note |
|---|---|---|---|
| S&P 500 | 7,386.65 | -0.26% | |
| Dow Jones | 50,872.11 | +0.17% | |
| Nasdaq 100 | 29,084.50 | -1.12% | |
| Russell 2000 | 2,867.02 | +0.41% | |
| VIX | 19.87 | +5.02% | |
| 10Y Yield | 4.53 | -0.53% | |
| WTI Crude | 89.58 | -1.88% |
Top large-cap movers
AAPL fell -3.64% to 290.55, while MSFT declined -2.02% to 403.41. GOOGL rose +0.26% to 364.26, and JPM gained +0.51% to 312.70.
Spotlight
| Metric | Value |
|---|---|
| 10Y Yield | 4.53 |
| WTI Crude | 89.58 |
| VIX | 19.87 |
The 10Y Yield fell -0.53% to 4.53, while WTI Crude declined -1.88% to 89.58. The VIX rose +5.02% to 19.87, indicating increased market volatility.
Macro & Fed
- Current policy rate: 4.50%-4.75%
- 10Y Yield: 4.53
- Today's data releases:
- 09:30 HKT: US CPI
- 14:00 HKT: US Initial Jobless Claims
Geopolitics & Global
- US-China trade tensions remain elevated
- European Union leaders meet to discuss economic growth and inflation
- OPEC+ meeting scheduled for next week to discuss oil production levels
Earnings — What to Watch
| When | Ticker | What to look for |
|---|---|---|
| 14:00 HKT | ORCL | Q4 earnings and revenue growth |
| 21:00 HKT | CSCO | Q4 earnings and guidance for FY2027 |
Stocks Worth Watching
- NVDA: +1.9% move expected on AI-related news
- TSLA: -3.00% decline on EV demand concerns
- JPM: +0.51% gain on strong banking sector performance
- GS: -1.24% decline on financial sector volatility
- AVGO: -1.12% decline on semiconductor sector weakness
- META: -0.14% decline on social media advertising concerns
What Could Break the Tape
Potential downside risks include a -2.00% decline in the S&P 500 on disappointing earnings reports, a +10.00% surge in the VIX on increased market volatility, or a -5.00% drop in WTI Crude on oversupply concerns.
Potential upside catalysts include a +2.00% gain in the Nasdaq 100 on strong tech earnings, a -5.00% decline in the VIX on decreased market volatility, or a +5.00% rise in WTI Crude on supply disruptions.