Notes
What moved the market, written from the numbers on wmtmt.com after every close. Daily after the bell, a review on Fridays. By the founders of Babylon Burns.
Nvidia and Goldman Sachs Lead a Narrow Advance as Energy and Staples Slide
The S&P 500, Dow, and Nasdaq 100 all closed higher on Tuesday, but the gains leaned heavily on a handful of names while energy and consumer staples pulled the other way.
Chip Weakness Pulls the Nasdaq 100 Down While the Dow and Consumer Staples Hold Firm
A slide in Nvidia, Micron, Broadcom, Tesla and AMD dragged the Nasdaq 100 sharply lower even as most S&P 500 stocks finished higher and the Dow closed at a fresh high.
Chipmakers and Industrials Slide While Health Care Rallies to Cushion the Week
The S&P 500 fell 1.43% as Nvidia, Broadcom and AMD dragged tech lower, even as Eli Lilly, Merck and Amgen powered a health care rebound.
Goldman Sachs Drives a Big Dow Day While the S&P 500 and Nasdaq 100 Lag
The Dow's 517-point gain outran the S&P 500 and Nasdaq 100, with Goldman Sachs alone worth nearly half the index's advance.
Walmart's Slide and a Health Care Rout Pull the S&P 500 Lower
A double-digit drop in Walmart shares helped drag the Dow, the S&P 500, and the Nasdaq 100 down together while health care led every sector to the downside.
Merck and Amgen Carry the Dow While Broadcom Drags the Nasdaq 100 Lower
The S&P 500 edged up 16.22 points as pharma strength offset chip weakness, while the same chip names split the Dow and Nasdaq 100 into opposite directions.
Chip Stocks Pull the Nasdaq 100 and S&P 500 Lower While Caterpillar Sinks the Dow
Nvidia, Micron and Broadcom led broad semiconductor weakness across the major indexes, while Caterpillar's slide dragged the Dow down even as most of its components rose.
Microsoft and Meta Weigh on the S&P 500 While Chip Equipment Names and Caterpillar Push Back
A narrow slate of mega-cap tech names pulled the S&P 500 and Nasdaq 100 lower while Caterpillar and semiconductor equipment makers absorbed most of the damage.
Chip Gains and an Energy Surge Lift the S&P and Nasdaq While the Dow Falls on Home Depot and Travelers
A week of broad gains beneath the surface pushed the equal-weighted S&P higher even as a handful of mega-cap losses held the headline index to a small advance, while the Dow fell on housing, insurance, and industrial names.
Broadcom's Slide Splits Chipmakers as the Dow Falls Faster on Salesforce Weakness
The S&P 500 and Nasdaq 100 slipped modestly as Broadcom's drop offset gains in AMD, Micron and other chip names, while the Dow fell further on Salesforce and Goldman Sachs weakness.
A Broad Rally Lifts the S&P 500 and Nasdaq 100 While Cisco's Plunge Holds the Dow Near Flat
The S&P 500 gained 0.65% and the Nasdaq 100 jumped 1.15% on broad participation, while an 8.4% drop in Cisco kept the Dow near flat.
Nvidia and SpaceX Carry the Nasdaq 100 While Home Depot and Microsoft Pin the Dow to Flat
The S&P 500 edged higher on chip strength even as Microsoft, Home Depot and a cluster of consumer names pulled the Dow into the red.
Alphabet's Slide Drags the Dow and Nasdaq 100 Lower While the S&P 500's Broader Breadth Holds Up
A steep drop in Alphabet shares set the tone for the major indexes, but more S&P 500 stocks rose than fell even as the index closed lower.
Nvidia's Slide Pulls the Dow and Nasdaq 100 Lower While Chevron and Microsoft Keep the S&P 500 Near Flat
A quiet session saw chipmakers weigh on all three major indexes while energy and a handful of mega-cap tech names absorbed most of the damage.
Nvidia and Microsoft Lead a Broad Weekly Rally as Energy Lags
All three major indexes rose for the week ended August 7, with chipmakers and megacaps doing the heaviest lifting and energy the only sector sector-wide sore spot.
SpaceX and Nvidia Power a Nasdaq 100 Surge While Caterpillar Weighs on the Dow
The S&P 500 added 47.68 points on gains concentrated in a handful of large-cap movers, while the Dow's advance lagged behind a heavy Caterpillar decline.
Goldman Sachs and Caterpillar Drag the Dow Down While Microsoft Cushions the S&P 500 and Nasdaq 100
The S&P 500 slipped a modest 0.18% as Microsoft's gain offset losses in Alphabet, AppLovin and Datadog, while the Dow fell harder on Goldman Sachs and Caterpillar.
Amgen Lifts the Dow While Alphabet's Two Share Classes Drag the S&P 500 and Nasdaq 100 Lower
A split session saw the Dow gain on health care and industrial strength while Alphabet's slide pulled the S&P 500 and Nasdaq 100 into the red.
Caterpillar, Palantir and a Chip Rally Send All Three Major Indexes Sharply Higher
The S&P 500 gained 136.02 points, the Dow added 907.59, and the Nasdaq 100 jumped 3.32% as chipmakers, Palantir and Caterpillar led a broad advance.
Microsoft, Alphabet and Boeing Push a Broad Rally Across the S&P 500, Dow and Nasdaq 100
All three major indexes closed sharply higher on wide breadth, with megacap technology and an 8% jump in Boeing doing the heaviest lifting.
Caterpillar and Goldman Sachs Sink the Dow While Chipmakers Pull the Nasdaq 100 Down
A broad, red session sent all three major indexes lower, with industrial and chip names doing the most damage and Alphabet's two share classes among the only names adding points anywhere.
Chipmakers Drag the Nasdaq 100 Even as Alphabet and Apple Keep the S&P 500 Flat
The Dow climbed on Salesforce and Sherwin-Williams while Nvidia's slide split the Nasdaq 100 from a nearly unchanged S&P 500.
Alphabet's Slide and a Split AI Trade Send the Index Lower Even as Breadth Holds Up
The S&P 500 slipped for a second straight week as Alphabet, Tesla and Amazon did the damage while chipmakers and industrials quietly held the average stock in positive territory.
Apple's Rally Lifts the Dow While Chipmakers Pull the Nasdaq 100 Lower
A big Apple gain split the major averages apart, with the Dow up on it, the S&P 500 barely moving, and the Nasdaq 100 sliding on chip losses.
Nvidia and Broadcom Cushion a Narrow Nasdaq 100 Slide as SpaceX and Alphabet Lead the Losses
The S&P 500 slipped fractionally and the Dow closed almost dead flat, but the Nasdaq 100 fell harder as SpaceX and Alphabet's two share classes outweighed chip-stock gains.
Apple's Slide Weighs on the Dow and S&P 500 While Microsoft and Alphabet Hold the Nasdaq 100 Near Flat
A steep Apple decline dragged the Dow and S&P 500 lower, but gains in Microsoft, Alphabet and Broadcom kept the Nasdaq 100 essentially unchanged.
IBM's 26% Slide and a Chip Selloff Drag the Week Lower Despite Broad Gains Elsewhere
The S&P 500 fell 1.55% for the week even as most of its members rose, while an outsized IBM decline sank the Dow and semiconductor weakness pulled the Nasdaq 100 down more than 4%.
Travelers' Surge Cushions the Dow as Nvidia and Alphabet Lead a Broader Nasdaq 100 Slide
A concentrated handful of mega-cap decliners pulled all three major indexes lower, while a 9.22% jump in Travelers kept the Dow's loss the smallest of the day.
Goldman Sachs Leads a Narrow Dow Decline as Alphabet and Chipmakers Weigh on the S&P 500 and Nasdaq 100
A handful of mega-cap laggards, led by Goldman Sachs and Alphabet, outweighed positive breadth across all three major indexes.
Goldman Sachs and Nvidia Carry the Tape as IBM's 25 Percent Drop Flattens the Dow
A Goldman Sachs surge and a broad chip rally lifted the S&P 500 and Nasdaq 100 while an IBM plunge held the Dow to a near-flat close and Health Care led sector losses.
Nvidia-Led Chip Slide Pulls the Nasdaq 100 Down Nearly 2 Percent as Caterpillar Weighs on the Dow
The S&P 500 fell 0.79% on broad chip weakness while Energy was the only sector to post a meaningful gain.
Chipmakers Carry the Week While the Average Stock Falls Behind
Nvidia, Broadcom and Meta drove the S&P 500 and Nasdaq 100 higher on the week even as equal-weighted measures of both indexes finished lower and the Dow dropped on losses in Sherwin-Williams, Home Depot and Visa.
Nvidia and Meta Lift the S&P 500 as Caterpillar Carries the Dow and IBM Drags
A modest, narrow session saw chipmakers and Meta do the heavy lifting across the S&P 500 and Nasdaq 100 while the Dow split between an industrial gain and a tech-services loss.
Meta, Broadcom and a Chip Trio Drive the Nasdaq 100 to a 92nd-Percentile Day While Goldman Sachs Carries the Dow Alone
The S&P 500 gained 60.93 points as megacap tech names offset a heavy pullback in Nvidia, Alphabet and Costco, while the Dow's advance rested almost entirely on one bank stock.
Nvidia and Broadcom Offset a Broad Market Retreat as the Dow Falls 577 Points
A handful of chip stocks kept the S&P 500 and Nasdaq 100 close to flat while financials and homebuilders pulled the Dow sharply lower.
Chipmakers Sink the Nasdaq 100 While the Dow Splits on a Single Industrial Stock
The S&P 500 slipped on a day when most of its members actually rose, as semiconductor and industrial names concentrated the damage into a handful of tickers.
Tesla and AMD Send the Nasdaq 100 to an 87th-Percentile Day While a Single Bank Stock Carries the Dow
The S&P 500 added 54.19 points as chipmakers and Tesla did the heavy lifting, the Nasdaq 100 posted a large advance, and the Dow's gain traced almost entirely to one stock.