The Fed held. Microsoft rose. Alphabet slipped.
The Fed left rates alone on Wednesday, but two officials wanted a hike. After the close, Microsoft jumped and Alphabet fell, even though Google Cloud more than doubled.
Read the issue
Market Lense
Recent issues
The AI money got creative
The chip index jumped 3.6% on Tuesday after Broadcom agreed to lend Anthropic up to $42 billion to lease its chips. Boeing fell 10.7%.
Read the issueAI found new money, and the chip stocks bounced
Anthropic filed for its IPO, Meta lined up a big stock sale, and SpaceX signed a $40 billion financing agreement. The chip index jumped 2.8% on Monday.
Read the issueOil hit $116, and SpaceX shook the phone companies
Brent crude jumped 3.1% on Friday and the Dow fell 653 points. A report that SpaceX wants to build a wireless network sank AT&T and T-Mobile.
Read the issueThe S&P had its worst day since July. Most stocks went up.
Tech sank and pulled the S&P down 1.2% on Thursday. But the Dow held flat, small companies rose, and the ten-year yield fell below 5%.-->
Read the issueBig Tech beat, and the stocks slipped anyway
The Nasdaq rose 1.1% on Wednesday. Then Meta, Tesla, Lam and IBM all beat forecasts after the close, and all of them were lower before the open.
Read the issueEverything rallied except tech
The Dow jumped 530 points on Tuesday and ten of eleven sectors rose. Tech was the one that didn't.
Read the issueTech bounced. Almost nothing else did.
The Nasdaq rose 1.1% on Monday, but only three of eleven sectors finished higher. Home builders are the gloomiest since 2012.
Read the issueTech had its worst week since June
The Nasdaq fell 2.1% on Friday. Oil jumped, and the money ran to energy and defense.
Read the issueHot inflation, and bonds rallied anyway
Wholesale prices posted their biggest jump since 2022 on Thursday. Bonds rallied anyway.
Read the issueBeat and raise wasn't enough
The banks kicked off earnings on Tuesday, and the market didn't like what it heard.
Read the issueBeat and raise wasn't enough
The banks reported today, and the market didn't like what it heard.
Read the issue
Every weekday
The last trading day, explained.
Monday through Friday, in your inbox. No weekend editions. Markets are closed, and so is Tom.