Gold climbed above $4,079 an ounce as safe-haven demand intensified ahead of President Trump's scheduled remarks and amid a sharp drop in oil prices. The metal has now risen more than 3 percent over the past week, attracting both hedge-fund flows and continued central-bank purchases.
NYSE insider and Freedom Capital Markets chief market strategist Jay Woods says this week is pivotal for markets with the Federal Reserve's interest-rate decision on Wednesday and earnings from roughly one-third of the S&P 500, including nine Dow components and four Magnificent Seven names. Woods expects Chair Kevin Warsh's press conference — particularly comments on inflation, rising gasoline prices, policy tone and any dissents — to set the tone. Markets are pricing in a 35% chance of a rate hike. On Big Tech earnings, investors should closely watch Microsoft and Meta's capital expenditures around AI spending: too much could worry investors, too little could signal weakening demand. Both stocks are trading near their 200-day moving averages, which Woods called critical support levels. Apple reclaimed the title of the world's largest company by market capitalization following a historic run of outperformance.
A major wildfire is now nine miles from the French city of Bordeaux. Mayor Thomas Cazenave says authorities are preparing for possible further evacuations as the mayor of a nearby town described the situation as catastrophic.
The Trump administration on Monday filed an emergency request with the Supreme Court to allow key parts of a March executive order restricting mail-in ballots not tied to new voter eligibility lists. A federal appeals court had blocked the measures, citing risks of voter disenfranchisement just 99 days before the November midterms.
This is the 4:00 PM Central VixShield flash.