Nike shares get crushed on weaker-than-expected sales outlook amid revenue struggles in China. The Mag 7 rallying for a second day after a rough first quarter, but Benchmark is bullish on name in particular. Plus, with gold on pace for its first positive week in five, Tim Seymour says the rally will continue if one particular condition is met.<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Nike's Nosedive, Tech's Turnaround, and Gold's Gains 4/1/26

The Exchange

What made you confident that you could do something that hadn't been done before? I have no fear of failure. Trailblazing women changing the game. One of my favorite pieces of advice, think about what your boss's boss needs. Leadership can look in many, many different forms. It really does come down to just trusting yourself. Life is short and you just gotta think big to accomplish big things. Julia Boorstin hosts CNBC Changemakers and Power Players. New episodes every Tuesday wherever you get your podcasts.

You're listening to The Exchange. Here's today's show. All right, see you at three for sure, Scott. Welcome to The Exchange. I'm Dominic Chiu for Kelly Evans today. Stocks are extending their gains at this hour as optimism around an end to the Iran war is growing. Tech and small cap stocks are leading the gains so far. The NASDAQ, the tech heavier one, is getting closer to 2% higher. And the Russell 2000 small cap is up about 1.5%. Within that technology trade, another update for the MAG7,

with Google as the standout in that group. Semiconductor is also higher and so are pockets of the memory trade, with SanDisk and Seagate seeing some bigger gains today. Yields are on the move with the 10-year benchmark note yield dropping below 4.3% and hitting a new two-week low earlier today. Now just slightly back above that level as you can see there. And oil prices lower with U.S. benchmark West Texas Intermediate dropping back to $100 per barrel.

Brent is down to $101 per barrel. That brings us to the latest on Iran and the president. Addressing the nation later on tonight, Eamon Javers is live in Washington, D.C. with what exactly we can expect from President Trump in this primetime address. Eamon.

Nike's Nosedive, Tech's Turnaround, and Gold's Gains 4/1/26

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Nike's Nosedive, Tech's Turnaround, and Gold's Gains 4/1/26

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.