Schwab Network

Dow Hits Record, SPX Faces Resistance


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Stocks could see a breather after the Dow Jones ($DJI) hit a record, but Kevin Green says don't get too comfortable. He notes that while earnings have been strong, there are signs of a potential pullback, particularly in the S&P 500 (SPX), which is hitting resistance around 5750. KG points to weakness in the uranium, gold, and silver trades as potential headwinds, as well as uncertainty around U.S. and China trade talks. He also breaks down the post-earnings reactions in Netflix (NFLX) and Texas Instruments (TXN), citing concerns over Netflix's operating margins and Texas Instruments' commentary on customer caution.


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