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Stocks rallied yesterday, ushered higher by NVIDIA, because AI is real, and NVIDIA is at its center. The ADP monthly employment report came up short of estimates, a sign that employment is losing steam.

Stocks ended yesterday’s session with moderate gains as Treasury yields continued their decline. The labor market may be easing up according to the latest data.

Stocks eked out moderate gains yesterday as NVIDIA clawed its way to a fresh high. ISM Manufacturing came up with a weaker-than-expected print underscoring a hobbling manufacturing sector.

Stocks closed higher on Friday after a late-day dip-buying rally. Core inflation cooled somewhat in April – expected by economists, probably unmoving to the Fed.

Stocks tumbled further yesterday in response to a less-than-stellar earnings release by Salesforce. First quarter GDP growth was revised downward reflecting consumers’ pullback from Q4 of last year.

Stocks were beaten down by higher bond yields attributed to confident consumers and a hawkish Minneapolis Fed Head. Beige Book provides very-beige view of regional economies growing at modest pace.

Stocks had a mixed close yesterday as rising bond yields collared any high hopes of solid gains. Consumer Confidence stages a comeback, beating economists’ estimates – praised be the almighty consumer.