Schwab Network

UnitedHealth (UNH) shares have bounced off of recent 52-week lows. Kevin Horner examines the recent turnaround on the 60-day chart, highlighting near-term support near $295 with bullish upside potential testing at $325. On a longer-term chart, Kevin maps out the significant downside move over the last year, particularly after its 1Q earnings report. He circles the 20 & 50-day moving averages as key technical studies on the UNH chart.

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The SPX and NDX closed higher on the day thanks to Alphabet (GOOGL), which rallied 9% after a U.S. district judge ruled the company does not have to divest its Google Chrome browser. Salesforce (CRM) sold off after hours despite posting an earnings and revenue beat, along with a raise on guidance. On the retail front, Dollar Tree (DLTR) slid on the session while Macy's (M) rallied big on earnings. Marley Kayden takes investors through a busy session on Wall Street.

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Salesforce (CRM) shares are falling despite a strong earnings beat, as investors focus on lackluster guidance and a growing concern that the company may not be able to accelerate growth. Tom Essaye breaks down the numbers and shares his key takeaways, including the impact of AI on the SaaS industry and what Salesforce needs to do to turn things around.

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World Liberty Financial's token "WLFI" began listing on several crypto exchanges this week. The biggest holder of WLFI? The Trump family. Jenny Horne and Adam Lynch look into the latest crypto trends this week, including an update from the SEC & CFTC. Plus, Jenny and Adam look at historical performance trends for Bitcoin as the month of September begins.

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Salesforce (CRM) posted a 2Q earnings and revenue beat, while raising fiscal 2026 guidance. The stock still moved to the downside as investors may have an issue with that raised guidance falling in-line with Wall Street's estimates. American Eagle Outfitters (AEO) rallied strongly off its earnings. Marley Kayden, Alex Coffey, and Kevin Green take a closer look into the reports and analyze why investors as reacting the way they are.

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When it comes to today's trading action, Charles Schwab's Kathy Jones attributes part of the "choppy" day to a rise in layoffs seen in the JOLTS report. Additionally, she talks about how the Beige Book shook the bond market as investors saw potential for "stagnant or slower growth." Joe Mazzola adds how the price action is pulling investors back toward the Mag 7. He discusses sector performance in markets and how slowing economic data attributes to the rotation.

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Dan Deming covers the commodities market. He argues that central banks now own more gold than U.S. treasuries for the first time in 30 years, both because of the threat of lower rates and U.S. debt levels. It hit another record high today, and he thinks momentum is still to the upside. The U.S. dollar weakened after the JOLTS report, and Dan thinks that it is “coiling” in a range. He thinks crude oil will continue to fall into the upper 50’s.

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The SPX held a key area of support at 6,400, but Kevin Green adds that weakness chipped away at the index throughout the day. Holding the 20-day SMA will prove critical, as a multi-day break below the metric can open a trap door to steep selling action. Kevin then analyzes volume in the SPX, also showing downside action over the past few trading sessions. On the 10-year yield, he's expecting a "pivotal" breakout or breakdown that can shake up equity volatility.

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Jillian DelSignore from Nasdaq recaps their August retail trading flows. She notes two themes of interest: flows into sectors like cybersecurity & AI, which she argues are “digital utilities,” and flows into banks, with “strong, strong momentum” behind the KWEB ETF. Jillian also explains aggressive flows into QQQI as she discusses what retail traders were buying in August. She explores educational resources for ETF investors and why they are critical for any market participant.

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When it comes to the earnings front, Jed Ellerbroek will closely watch Broadcom's (AVGO) report after the close on Thursday. While A.I. hardware stocks continue to captivate investor interest, Jed still expects that "baton pass" of excitement to eventually reach software. He weighs how evolving technology can either hurt or help existing software companies but sees some benefitting greatly. Jed has ServiceNow (NOW) and Intuit (INTU) among his picks.

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