Happy Monday. At last glance, the market looked awfully flat, erasing narrow gains in futures trading that looked to carry over from a strong last week. The Nasdaq led the pack, as it has done a lot recently, while the S&P 500 (+0.04%) trailed. The Russell 2000 (-0.06%) and Dow 30 (-0.29%) followed further behind.
This week seeks to continue the strong pattern of strong corporate earnings, which are arriving in the face of mixed economic data and tariff turbulence. The results have been moving stocks to the upside, prompting upgrades from institutions and more buying, even though many traders agree that equity valuations are stretched.
Top of mind today, we've already seen results from gold miners Barrick Mining and Franco-Nevada, which are heading in two differing direction going into the afternoon trade. The former is down 3.2%, the latter is up 2%. Gold has gyrated in recent days on reports that the precious metal might be subject to tariffs, a report that the White House officials say it will aims clarify in the coming days.
Monday Reading:
Aside from what glitters (literally gold), the retail crowd can look forward to after hours reports today as a series of retail-popular names will report and offer commentary on their respective businesses. Among them will be names like theater chain AMC Entertainment, satellite company AST SpaceMobile, aerospace company Archer Aviation, hydrogen power aspirant Plug Power, and Sam Altman-backed nuclear upstart Oklo.
-- Noah Weidner, markets reporter
TurboTax Via TheStreet
