Morning Dose: Market Update Tariff Tease Rocks Markets
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. Futures are dipping, folks, tariff tango continues!
Overnight Headlines
A little bit of a backslide after a solid week of gains. S&P futures down 0.2%, Nasdaq down 0.3%, and the Dow down 0.5%. That China tariff exemption news, well, it’s something, but not enough to keep the bulls charging.
Economic Announcements
- University of Michigan Consumer Sentiment data coming out at 10 a.m. That could shake things up.
Earnings Highlights
- Alphabet (GOOGL): Crushed it! Advertising revenue up, cloud revenue soaring, dividend increase, massive share buyback.
- T-Mobile: Beat, but the stock’s down.
- Gilead (GILD) and Intel (INTC): Not so hot. Guidance was a bit disappointing.
Top Movers
Overseas:
Asia mostly green, Australia and New Zealand out for holidays.
Europe trending up, but lingering tariff tension.
Quick Trade Ideas
- Keep an eye on Alphabet (GOOGL), a powerhouse.
- Watch for potential sector impact from Intel (INTC) weakness.
- Monitor key support levels on SPY and QQQ. Be ready for anything in this consolidation phase.
Key Takeaway
Market sentiment remains cautious as traders navigate tariff uncertainties and earnings reactions. Focus on strong performers like Alphabet (GOOGL) while staying mindful of potential sector-wide influences from weak guidances like that of Intel (INTC). Keep a close eye on market levels for trading opportunities.