The Weekend Rip | |
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It was supposed to be retail week, but Moderna and inflation stole the show. | |
Let's recap and prep you for the week ahead. | |
Monday : Rising crude, climbing long-term yields, and megacap tech weakness turned the session into a broad risk-off retreat. Semiconductors and AI infrastructure offered the counterpunch as SanDisk extended its rally and Duos unveiled more than $500M in hosting orders. Nike’s 12-year low and Fabrinet’s after-hours reversal showed how little patience remained when expectations cracked. | |
Tuesday : Long-dated yields and a 5% chip selloff pushed stocks into a defensive crouch. Home Depot’s beat could not calm growth worries, while Amylyx’s Phase 3 win and Klarna’s guidance wipeout split the company-news board between feast and famine. Defensives held the line, but rates near their highest since 2007 kept the market’s inflation headache fully funded. | |
Wednesday : A personalized cancer-vaccine breakthrough powered health care and carried the S&P 500 above 7,700 while technology slipped. Moderna’s 177% surge, Merck’s record, and the biotech sympathy rally gave retail a rare fundamental moonshot to chase. Target and Estée Lauder strengthened the consumer side, but hawkish Fed minutes kept rate risk alive. | |
Thursday : Rising Treasury yields and Walmart’s soft U.S. sales turned a retail warning into a broad risk-off close. Defensive stocks offered little shelter as health care and consumer names absorbed the heaviest selling. Marvell, Cipher, and Bitcoin kept a speculative pocket alive, but the bond market retained the final word. | |
Friday : Stocks rebounded broadly even as long-term Treasury yields climbed, with Bitcoin and materials doing most of the risk-on shouting. Robinhood led crypto proxies higher, Tesla shrugged off China’s 2.98M-vehicle recall, and critical-minerals stocks caught fire. Alibaba supplied the counterweight, tumbling as 45% cloud growth collided with a much larger AI bill. | |
This week's StocksTop 25 showed how momentum movers fared vs. the indexes. | |
Here are the closing prices: | |
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THE BRIEF | |
Need a concise summary of what's going on this week? Look no further. Here’s a rundown of this week’s earnings and economic data. | |
Earnings This Week | |
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Above is a quick summary. Check out the full Stocks earnings calendar for the other names reporting this week. | |
Economic Calendar | |
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In addition to the above, check out this week's complete list of economic releases. |
