Business
Jobs Report, Amazon, Disney, Alphabet, Palantir, and More to Watch This Week
Equities endured more volatility last week, which ended with the S&P 500 index slightly in the green and the Nasdaq Composite barely in the red. It had been relatively smooth sailing through Wednesday, when the Federal Open Market Committee announced it would hold interest rates steady, as expected. Then, Thursday saw Microsoft fall 10% and shed $357 billion in market value after a poorly received earnings report. Friday brought an epic meltdown in metals, with the silver falling 31%, the largest single-day decline in 46 years. The proximate cause was the nomination of hawkish Kevin Warsh as the next Fed Chair. But ultimately, silver, like Icarus, flew too close to the sun, having climbed 50% this year through Thursday, and was ripe for a fall.