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📈 TL;DR — What Moved, What Didn’t
Stocks did a whiplash: Tuesday’s tariff scare hit risk assets, then Wednesday’s rally followed news the White House shelved planned tariffs on NATO allies after a framework for a future Greenland agreement was reached. Traders leaned into the TACO trade*, buying the selloff on the bet the threat would fade.
Small caps led the rebound, while megacap tech improved but stayed choppy. Regional-bank earnings added some relief, and energy caught a bid with natural gas spiking. Gold & Silver stayed near record highs as investors still wanted insurance. The U.S. dollar is down this week.
Quick Levels → Week-to-date change
S&P 500: 6,875.61 | ↑0.18% Nasdaq 100: 25,326.58 | ↑0.72% Dow: 49,077.24 | ↑0.18% Russell 2000: 2,697.18 | ↑2.38% | Gold/oz: $4,824 | ↑4.97% Silver/oz: $93.31 | ↑3.55% Bitcoin (BTC): $89,963 | ↓3.92% DXY (US Dollar Index): 98.79 | ↓0.66% |
🚀 Top Movers This Week
Source: Blue Origin
SanDisk (SNDK) ↑21.20% — Citi hiked price target ~75%; NAND flash demand story keeps getting hotter.
Moderna (MRNA) ↑19.08% — Strong trial update with Merck sparked a biotech bid and short covering*.
Intel (INTC) ↑15.52% — New-CEO optimism + bullish “AI powerhouse” talk sparked a big chip-sector squeeze.
AMD (AMD) ↑7.75% — Rose in sympathy with Intel-led chip rally; investors leaned into AMD’s AI-server CPU demand.
AST SpaceMobile (ASTS) ↓10.60% — Pulled back as traders locked in gains after a run, while digesting financing chatter and Blue Origin’s new satellite-network ambitions.
3M (MMM) ↓7.10% — Greenland-linked tariff threats raised earnings risk, and investors hit the sell button.