"After yesterday's monster rally, the S&P 500 is down about 19 points at the moment. The SPDR S&P 500 ETF ( SPY) is also down about $1.82. Dow futures are up about 19, with the NASDAQ down about 116, especially with Nvidia ( NASDAQ: NVDA) and CoreWeave ( NASDAQ: CRWV) under pressure. Nvidia is down a few points in premarket after SoftBank sold its entire stake in the chipmaker for about $5 billion."
"Wells Fargo Says Gold to Reach $4,500 to $4,700 Gold pulled back in recent days. However, we do expect it to regain lost momentum. Wells Fargo does, too, expecting gold to rally to between $4,500 and $4,700 by the end of next year. With geopolitical and economic tensions still high, coupled with even more interest rate cuts from the Federal Reserve, we do expect to see further upside in gold prices."
The S&P 500 traded about 19 points lower while the SPDR S&P 500 ETF (SPY) fell roughly $1.82 in early trading. Dow futures rose but the Nasdaq dropped significantly as Nvidia declined after SoftBank sold its entire stake and CoreWeave shares plunged roughly 10% following weaker full-year revenue guidance. Wells Fargo, Morgan Stanley, JPMorgan, and Goldman Sachs project substantial rallies in gold through 2025–2026 with targets from around $4,044 to $5,055. ETFs like GDX and GOEX offer lower-cost exposure to gold miners and explorers. The U.S. Senate passed a bill to end the government shutdown.
Read at 24/7 Wall St.
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