Wall Street indexes lacked direction after halting a five-session rally on Monday. Gold eased 1% after investors booked profit after prices reached a six-week high at the start of the week.
Wall Street indexes rested on Monday, gold advanced to a six-week high, and crude oil increased 2% after OPEC+ reaffirmed its decision to suspend production increases during the first quarter of 2026.
Wall Street and global indexes are likely to face elevated levels of volatility in the absence of meaningful catalysts over the next two weeks. The S&P 500 index and the Nasdaq Composite are likely to deepen November losses above 4%.
Wall Street indexes attempted to rebound from a sharp sell-off in the previous session amid rate path uncertainty, elevated inflation, and volatile labor market conditions.
Stocks in New York attempted to rise in early trading, but caution prevailed in trading ahead of the widely anticipated Nvidia results. Target Corp. lowered its profit outlook amid weakening consumer demand.
Wall Street indexes rested on Monday after choppy trading in the previous two sessions amid growing worries about circular AI trade and lofty tech valuations.
High-flying stocks came under heavy selling pressure as investors reassessed valuation and questioned the sustainability of debt-fueled AI capex spending.
Investors continued to pour additional capital into defensive stocks in the industrial, healthcare, and general retail sectors. Investors are holding out for one more rate cut before the year's end.
Investors continued to rotate out of high-flying tech stocks into defensive sectors amid worries about the stretched valuations and a slowdown in AI spending.
Stocks on Wall Street retained an upward bias for the second consecutive day after the U.S. Senate passed a resolution to reopen the federal government.
