Morning Dose: Tech Titans Push Nasdaq Rally
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood
The Morning Dose Market Briefing: Today’s market opens with a positive tone as green arrows dominate the screens. After recent selling pressure, the bulls are looking to regain control across the board.
Overnight Headlines
- Amazon (AMZN): Reportedly in talks to invest $10 billion in OpenAI.
- Alphabet’s Waymo: Seeking to raise $15 billion, valuing the unit at $100 billion.
- Crude Oil: Slid nearly 3% on optimism about a potential peace deal between Russia and Ukraine.
Economic Announcements
Focus on Fed developments with Governor Christopher Waller being considered for the Fed Chair role by President Trump. Watch for insights from Fed speakers Bostic and Williams.
Earnings Highlights
- General Mills (GIS): Beat on top and bottom lines, reaffirmed fiscal 2026 outlook.
- Lennar (LEN): Mixed results with a miss on EPS, beat on revenue, but lower-than-consensus guidance for next quarter’s deliveries amid a softening housing market.
Top Movers
- Tech Sector: Driving the market with positive sentiment led by AI and autonomous driving developments.
- Energy Sector (XLE): Lagging due to lower oil prices on optimism of a Russia-Ukraine peace deal.
Quick Trade Ideas
For SPY: Hold key support at 680, look for breakout above 683. For QQQ: Watch support at 613 and resistance at 617 for bullish confirmation. Market breadth remains a concern despite green futures, highlighting cautious trading strategies.
Key Takeaway
Trader’s market today. Stay alert for early tech strength, maintain flexibility for both long and short plays based on market movements. Watch key resistance levels for directional cues.