Stocks Give Back Early Gains As Breadth Implodes

06/01/2025 5 min

Listen "Stocks Give Back Early Gains As Breadth Implodes"

Episode Synopsis

In this episode of The Market Chronicles, Michael Kramer breaks down a choppy trading session on January 6, where the S&P 500 closed up 55 basis points after giving back earlier gains. NVIDIA stood out with a 3.5% rise, driving much of the day’s strength, while broader market breadth deteriorated significantly, with more decliners than advancers by the close. Key sectors like energy, financials, and industrials were in the red, while technology led the gains. Michael discusses the impact of rising interest rates, upcoming auctions, and major economic data, setting the stage for the days ahead. Tune in for insights on today’s market action and what’s next.

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