Morning Dose: AI Powering Markets Record Highs, Rate Cut Ahead
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood
Welcome to The Morning Dose – Everything You Need to Know Before the Market Opens. It looks like another green open, even on a slow news day. The market is driven by strength in A-I names and the expectation of another rate cut.
Overnight Headlines
- Japan’s Nikkei jumped almost two percent driven by positive sentiment and accommodative policies by the Bank of Japan.
- Alphabet is considering selling or spinning off its life sciences unit, Verily.
- Boeing faces further delays with the new 777x jet likely postponed to 2027.
- Chip sector experiencing pressure with Applied Materials (AMAT) warning about export restrictions to China.
Economic Announcements
No Employment Situation Report today due to the government shutdown, leaving the market with limited visibility regarding job data.
Earnings Highlights
- Cidara Therapeutics (C-D-T-X) up after receiving a substantial award.
- Concerns for Tesla as S-O-C Investment Group plans to vote against Elon Musk’s pay package.
Top Movers
- Rumble (R-U-M) surging on a partnership announcement with Perplexity related to A-I tools.
- Applied Materials (AMAT) down over two percent due to export restriction concerns.
Quick Trade Ideas
Watch key levels closely for SPY and QQQ at open as traders exhibit caution near record highs. Sector rotation indicates a move out of high-flyers into more stable areas.
Key Takeaway
The market shows cautious optimism with a strong A-I narrative but potential choppy movement ahead. Keep an eye on technical levels as support and resistance play crucial roles.