Summary
The S&P 500 and Nasdaq set record closes on a generally quiet Monday, with tech and communication services leading. The hosts recap individual movers including SanDisk, Micron, Domino's, Apple, and Disney, and discuss the bond selloff continuing. The show also touches on oil prices, Fed and central bank meetings, and quirky stories like a hair-loss drug stock surge and air taxi plans.
- S&P 500 and Nasdaq close at record highs; Dow and Russell 2000 mixed.
- Tech and communication services sectors lead gains; consumer staples lag.
- SanDisk and Micron rise sharply on analyst upgrade citing AI memory demand.
- Domino's falls 8.8% after lowering outlook and missing same-store sales expectations.
- Apple declines 1.3% ahead of earnings on Qualcomm-OpenAI smartphone speculation.
- Disney slides after President Trump's criticism of Jimmy Kimmel reignites culture war concerns.
- Treasury yields continue to rise, with the 10-year at 4.33% and 2-year at 3.80%.
- Oil prices remain elevated (WTI ~$96), but equities appear to shrug off the impact.