Dow Surges +0.84% as Banks Lead Gains

TL;DR

The Dow Jones index closed +0.84% higher at 52,107.27, led by gains in the banking sector. The S&P 500 and Nasdaq 100 indices, however, ended the session -0.28% and -1.32% lower, respectively.

Today's focus will be on the latest macro data releases, including the Empire State Manufacturing Survey and the NAHB Housing Market Index. Earnings reports from ORCL and KMX will also be closely watched.

US Session Recap

Index/Asset	Close	Change	Note
S&P 500	7,533.09	-0.28%
Nasdaq 100	30,141.75	-1.32%
Dow Jones	52,107.27	+0.84%
Russell 2000	2,959.48	-0.19%
VIX	15.87	-2.04%
10Y Yield	4.43	-1.36%
WTI Crude	75.00	-7.12%

Top large-cap movers

JPM led the gains among large-cap stocks, rising +3.39% to 330.22. GS also gained +1.57% to 1,093.09.

Spotlight

Key Metrics	Value
10Y Yield	4.43
WTI Crude	75.00
Gold	4,361.80

The 10Y Yield fell -1.36% to 4.43, while WTI Crude dropped -7.12% to 75.00. Gold prices rose +0.78% to 4,361.80.

Macro & Fed

• Current policy rate: 5.00%-5.25%
• Yield levels: 10Y Yield at 4.43, 2Y Yield at 5.05
• Today's data releases:
  • Empire State Manufacturing Survey (14:30 HKT)
  • NAHB Housing Market Index (22:00 HKT)

Geopolitics & Global

• Ongoing tensions between the US and China over trade and security issues
• Rising concerns over global economic growth and inflation
• Developments in the Middle East and their potential impact on oil prices

Earnings — What to Watch

When	Ticker	What to look for
After-market (18:00 HKT)	ORCL	Q4 earnings and revenue guidance
Pre-market (20:00 HKT)	KMX	Q1 earnings and sales performance

Stocks Worth Watching

• AAPL: Up +0.86% to 298.96 on strong iPhone sales
• MSFT: Down -1.89% to 392.22 on cloud computing concerns
• NVDA: Down -1.40% to 209.48 on semiconductor market volatility
• JPM: Up +3.39% to 330.22 on banking sector strength
• GS: Up +1.57% to 1,093.09 on investment banking growth

What Could Break the Tape

Sources