Attention is shifting from the macro to earnings, says Kevin Hincks, and its showing in Tuesday morning&#x27;s price action as tech retakes command of Wall Street. However, as he explains, the mounting tensions between the U.S. and Iran can set the foundation for a failed rally later in the session. President Trump implementing 50% tariffs on Canada adds pressure to international tensions. Kevin also outlines key micro movers with Nvidia&#x27;s (NVDA) boosted stake in Nebius (NBIS), along with earnings in General Motors (GM) and Northrop Grumman (NOC). ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroTV - https://www.distro.tv/live/schwab-network/ Follow us on X – https://twitter.com/schwabnetwork Follow us on Facebook – https://www.facebook.com/schwabnetwork Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Tech Takes Wall Street Steering Wheel Despite Iran War & Canadian Tariff Pressures

Schwab Network

So now here to help us set up the trading day with some of the key stories to of course keep on your Tuesday radar. We are now joined by Kevin Hanks for our pre-bound playbook. And so Kevin, futures are obviously pointing to a higher open here. I mean does it feel like we're seeing this risk appetite resume? I mean did it ever really go anywhere in the first place frankly?

Kevin Hanks, Ph.D.: Jenny, so often we concentrate on the macroeconomic factors, but now we're getting into earnings season and attitudes and attention shift to more earnings. You're starting to see a lot of movement, a lot of chatter this morning. Memory is having a big morning. You see the NASDAQ higher so far. So Memory stocks, Micron, SanDisk, Seagate all significantly higher pre-market.

You also have SpaceX and Tesla up pre-market. But I've got the NASDAQ now up like up 1.37%. I've got the E-minis up four tenths of a percent. So we're starting the day pretty strong despite a dollar that's higher, a 10 year that was just above 4.6. Now it's back below and crude oil that's up over 2%, Jen. So geopolitics are still playing a big role.

But the market is looking over to earnings season and all the movement going on. A lot going on this morning, Jen. There is a lot going on this morning. As we said, it's going to be a busy week here for us as there's a lot of news and also earnings and crude. I think it's a good place to continue that conversation because crude is moving higher now for, as we see, the tenth day of these U.S. strikes on Iran.

Tech Takes Wall Street Steering Wheel Despite Iran War & Canadian Tariff Pressures

Read the full transcript

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

Tech Takes Wall Street Steering Wheel Despite Iran War & Canadian Tariff Pressures

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.