This morning's premarket update shows the Nasdaq leading lower while commodities are mixed. Weekly, the S&P 500 is up 0.75%, with the Nasdaq outperforming at 1.64%. Notable sector moves include semiconductors surging over 6%, while crude oil is sharply down, and gold is up nearly $50.
Thursday's trading saw gains for travel and mining stocks while energy stocks fell. Nvidia (NASDAQ:NVDA)'s performance lagged behind the semiconductor sector, and Chinese stocks like Alibaba (NYSE:BABA) and JD.com surged. The VIX remains on a sell signal, supporting higher stock prices unless the VIX closes above 17.53 on Friday.
This content was originally posted on the Stock Market Timing YouTube Channel