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Coffee Prices Retreat as Long Liquidation Emerges

May arabica coffee (KCK24 ) this morning is down -5.55 (-2.24%), and May ICE robusta coffee (RMK24 ) is down -110 (-2.60%). Coffee prices this morning gave up an early advance and moved lower after a stronger...

KCN24 : 232.75 (-3.16%)
RMN24 : 4,079 (-2.77%)
Ample US Oil Supplies Weigh on Crude Prices

May WTI crude oil (CLK24 ) this morning is down -0.51 (-0.62%), and May RBOB gasoline (RBK24 ) is down -2.36 (-0.86%). Crude and gasoline prices this morning extended Wednesday's losses, with crude sliding...

CLM24 : 82.11 (-0.05%)
RBM24 : 2.6906 (-0.32%)
Solid US Economic News and Strong Earnings Boost Stocks

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.46%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.71%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.31%. US stock indexes this morning...

$SPX : 5,045.26 (+0.46%)
SPY : 502.32 (+0.35%)
$DOWI : 37,976.17 (+0.59%)
DIA : 379.44 (+0.53%)
$IUXX : 17,546.07 (+0.30%)
QQQ : 426.45 (+0.14%)
ZNM24 : 107-245 (-0.36%)
UNH : 492.85 (+2.89%)
ELV : 527.42 (+3.62%)
CNC : 73.97 (+2.74%)
WEC : 79.48 (-0.19%)
LEN : 155.62 (+2.46%)
Dollar Gains on Higher T-Note Yields

The dollar index (DXY00 ) this morning is up by +0.08%. The dollar today recovered from early losses and moved higher after T-note yields climbed on signs of strength in the US economy after weekly jobless...

DXY00 : 106.016 (+0.06%)
^EURUSD : 1.06598 (-0.12%)
^USDJPY : 154.612 (+0.15%)
GCM24 : 2,399.5 (+0.46%)
SIK24 : 28.405 (+0.02%)
The ES can't hold a bid, this correction isn't over

In the big picture, stocks are expensive and bonds are cheap

Morning Express

Welcome to your Daily Morning Express. Today, we delve into precious metals, energy, micro bitcoin, and more!

9 are facing charges in what police in Canada say is the biggest gold theft in the country's history

Canadian police say nine people are facing charges in the biggest gold theft in Canadian history from Toronto’s Pearson International airport a year ago

AC.TO : 19.74 (+2.23%)
$SPX : 5,045.26 (+0.46%)
$DOWI : 37,976.17 (+0.59%)
$IUXX : 17,546.07 (+0.30%)
Stocks Pressured by Higher Bond Yields and Chip Stock Weakness

The S&P 500 Index ($SPX ) (SPY ) this morning is down -0.14%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.33%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.43%. US stock indexes this...

$SPX : 5,045.26 (+0.46%)
SPY : 502.32 (+0.35%)
$DOWI : 37,976.17 (+0.59%)
DIA : 379.44 (+0.53%)
$IUXX : 17,546.07 (+0.30%)
QQQ : 426.45 (+0.14%)
ZNM24 : 107-245 (-0.36%)
UNH : 492.85 (+2.89%)
WEC : 79.48 (-0.19%)
LEN : 155.62 (+2.46%)
BLDR : 185.44 (+3.42%)
PHM : 108.64 (+2.35%)
IMF's Georgieva says there's 'plenty to worry about' despite recovery for many economies

The head of the International Monetary Fund said Thursday that the world economy has proven surprisingly resilient in the face of higher interest rates and the shock of war in Ukraine and Gaza, but “there...

$SPX : 5,045.26 (+0.46%)
$DOWI : 37,976.17 (+0.59%)
$IUXX : 17,546.07 (+0.30%)
The number of Americans applying for jobless benefits holds steady as labor market remains strong

The number of Americans filing for jobless benefits didn’t change last week as the labor market continues to defy efforts by the Federal Reserve to cool it off

LEVI : 20.72 (+0.29%)
UPS : 142.74 (+0.34%)
CSCO : 48.01 (+0.46%)
AMZN : 181.45 (+0.09%)
SNAP : 11.43 (+4.86%)
EBAY : 50.41 (+1.94%)
$SPX : 5,045.26 (+0.46%)
$DOWI : 37,976.17 (+0.59%)
$IUXX : 17,546.07 (+0.30%)

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Stocks Rise Before the Open With Earnings in Focus, U.S. Economic Data and Fed Speak on Tap Related Stocks: $AA $CSX $EFX $NFLX $UAL https://t.co/ew8nyEFbJX
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Taiwan Semiconductor $TSM beats first-quarter earnings expectations due to strong demand for its AI chips. Look to see whether this helps Nvidia $NVDA in pre-market trading 👀 https://t.co/ua0fcoF0F1
Barchart
@Barchart
Japanese Yen has fallen to its weakest value against the Chinese Yuan in more than 30 years 👀 https://t.co/CWvEc12SVi
Barchart
@Barchart
Brent Crude Oil Call Options Volume hit an all-time high of ~350,000 contracts on Monday https://t.co/wt5IQYMPx4
Barchart
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The U.S. Dollar Index's $DXY 6-day green streak that ended this week was its longest winning streak since August https://t.co/V0jlvbFKmu
Barchart
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Oil to $250 by June? Some traders think so 🤔 https://t.co/1PfVNJdYER
Barchart
@Barchart
U.S. Treasury cash piles jumps to $897 billion, its highest level in 23 months https://t.co/ytYRyYgN3K
Barchart
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S&P 500 $SPX will finish the year at 4,750 cautions Evercore https://t.co/cIC6yPuT2j
Barchart
@Barchart
Equity Risk Premium (the benefit of owning stocks over treasuries) has fallen to its lowest level in 22 years https://t.co/gmWQyoNiGy

S&P Sectors Market Map

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Chart of the Day

The Charles Schwab Corp (SCHW)

The Barchart Chart of the Day belongs to The Charles Schwab Corp (SCHW) . I found the stock by using Barchart.com to find the "Barchart New Highs" page, and then I clicked on pull-down to select stocks with new 52-week highs. I then viewed the stocks on the list with...
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Major Market Indices

Symbol Last %Chg
$SPX 5,048.08 +0.52%
S&P 500 Index
$NASX 15,758.19 +0.48%
Nasdaq Composite
$DOWI 37,939.34 +0.49%
Dow Jones Industrials Average
$ONE 2,396.62 +0.55%
S&P 100 Index

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