To The Moon

Green Market Back To Start Mag Seven Earnings Week 

Indexes finished in the green after an AI stock pullback on Friday. 

The $S&P 500(.SPX)$   traded 1.21% higher on preliminary numbers for the day in New York. The $DJIA(.DJI)$   gained 1.02%, and the $NASDAQ(.IXIC)$   rose 1.42%.

$U.S. 2-Year Treasury Notes Yield(US2Y.BD)$ fell to 4.974 this morning after hitting 5% briefly last week, while $U.S. 10-Year Treasury Notes Yield(US10Y.BD)$ slipped to 4.62.

This week, investors can expect macroeconomic data that may guide the market. The Purchasing Managers' Index will be released on Tuesday, the first-quarter gross domestic product (GDP) update will be released on Thursday, and the personal consumption expenditures (PCE), the Federal Reserve's preferred inflation gauge, will be released on Friday.

Fed Chairman Jerome Powel warned last week that rates must stay in place until policymakers gain more confidence that inflation is moving closer to their 2% target.

Gold futures and prices fell in one of the largest one day drops in a year. $Philadelphia Gold and Silver Index(.XAU.US)$ fell 2.6% Monday as investors reacted to geopolitical tensions that were not as scary as they seemed two weeks ago. 

Metals & mining stocks retreated led by $Newmont Corp(NGT.CA)$ $Barrick Gold Corp(ABX.CA)$ and $Agnico Eagle(AEM.US)$ as gold declined. The precious metal pulled back after five weekly gains that sent prices to a new record. Tensions between Israel and Iran eased, weakening the case for owning haven assets.

Semiconductors as an industry climbed back about +3%, but down 10% for the past seven trading sessions. The sector dropped all week, after $ASML Holding (ASML.US)$ and $Taiwan Semiconductor Manufacturing(TSM)$   reported earnings with lower demand or forward expectations than investors wanted.

$NVIDIA(NVDA.US)$ was the third-biggest gainer on the S&P, advancing 4.33%, behind $Ford Motor(F.US)$s 5.68% advance and $United Airlines(UAL.US)$'s 5.85% rally. This week, investors are awaiting earnings reports from Tesla, Meta, Google, and Microsoft. 

$NVIDIA Corp(NVDA)$   was the highest gainer on the S&P and Nsadaq 100 at open, climbing back 2% after a 10% drop last week.

$Ford Motor(F.US)$ was the highest gainer on the S&P500, up on volume alone in expectation of the firm's earnings Wednesday.

$Salesforce (CRM.US)$ and $Informatica (INFA.US)$ were trending, as one dropped more than 7.9%, and the other brought the S&P 500 higher after the Wall Street Journal reported that Salesforce is no longer talking with Informatica after they failed to reach a purchase agreement.

$Tesla Motors(TSLA)$   fell another 3.5% after the company announced yet another price cut, this time on the Models Y, X, and S. 

$Verizon (VZ.US)$was lower by 3.5% on Monday mornings after the firm's morning earnings report was mixed.

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