Investors turned cautious for the second consecutive session amid quarterly results. Crude oil rebounded after the U.S. placed additional sanctions on two largest Russian oil companies, and urged China and India to lower purchases.
Wall Street indexes edged slightly lower, and investors held out for strong earnings from key industrial and consumer-focused companies. Gold and silver extended two-day losses to 8%, and crude oil prices hovered near five-month lows.
U.S. stocks rebounded on Monday ahead of a busy week of earnings. Despite the market advance to record highs, geopolitical uncertainties weighed, and precious metals jumped as investors sought safe haven.
U.S. indexes turned sharply lower amid growing worries about stretched valuations, the deepening impact of Trump's tariffs, and rising levels of non-performing loans at regional banks.
Nervous traders resumed selling as the trade spat between China and the U.S. escalated. Goldman Sachs, JPMorgan Chase, and Johnson & Johnson reported better-than-expected quarterly results.
Tech stocks on Wall Street rebounded from Friday's sell-off on speculation that the threatened U.S. steep tariffs on China may never materialize. Gold and silver scaled new record highs and extended 2025 gains to over 53% and 72%, respectively.
The S&P 500 indexes struggled after setting fresh intraday records, and investors prepared for quarterly results from major banks and financial brokers.
Gold prices surged to a new record high and crossed $4,000 per ounce for the first time, as investors reacted to the Trump administration's chaotic economic management and the dollar's depreciation.
The deal-making on Wall Street picked up pace, and investors overlooked the ongoing federal government shutdown. The S&P 500, the Nasdaq Composite, the Tollbooth Strategy Index, and gold hovered near new record highs.
Investors remained optimistic about the upcoming earnings season and durability of the AI-powered market rally. However, uncertainty linked to the federal government shutdown kept market enthusiasm in check.
U.S. benchmark indexes continued their ascent to new record peaks, powered by AI stocks. For the week, the S&P 500, the Nasdaq Composite, and the Tollbooth Strategy Index are set to advance 1.5%.
Investors continued to overlook the federal government's partial shutdown for the second day, and the fate of medical insurance premiums for 4.2 million individuals hung in the balance.
