Show Notes
Today's 3-year note auction could help set the direction for yields, which remain near two-decade highs. The Nasdaq posted all-time highs yesterday amid pre-earnings optimism.
More from Schwab Market Update Audio
The market approaches the weekend on shaky ground after yesterday's dramatic tech sell-off and slide in Treasury yields amid a flight to perceived safety. Sentiment data looms.
Solid earnings from Meta and Tesla, accompanied by Meta's better-than-expected guidance, appeared to impress and may provide more momentum for tech in what's been a strong week.
SpaceX and Netflix both topped expectations late Tuesday, though neither moved much in the aftermath. Meta and Tesla report later today. The 10-year yield and oil fell Tuesday.
SpaceX reports later after a slight rebound for AI stocks yesterday ended an eight-day chip losing streak. Yields and oil remain in sharp focus, and Netflix also reports.
Earnings accelerate this week with a host of companies including Meta Platforms and Tesla. Last week was the worst since June for the Nasdaq as debt fears sent AI stocks reeling.