S&P 500 Retreats As MSFT Earnings Rattle Tech Sector
The S&P 500 settled lower on Thursday as Microsoft shares sold off amid slowing cloud growth and soft margin guidance, which triggered a triple-digit loss for the tech-heavy Nasdaq as software stocks struggled.
Gold Trims Losses, Peaks Near $5,600, Set For Strongest Month In Decades
Gold pulls back from record highs as traders take profits after a steep, parabolic rally.
Silver (Likely) Tops $120 As Stocks Invalidate Their Breakout
Silver futures topped at $121.75 and then they plunged below $107, finally stabilizing close to $110. But the size of the intraday reversal serves as a reminder that the white metal can decline even faster than it climbs.
Software Bear Market
Given the steep decline today, the software group is now trading at fresh local lows and has officially surpassed the 20% threshold from the October high to mark a new bear market.
Silver To Hit $500/oz By Summer
The recent price action in the precious metals, especially silver, has been nothing short of astounding.