Dow, S&P 500, Nasdaq Stagnate—Big Earnings Fail to Move the Needle

Wall Street yawns as corporate giants report—markets flatline despite fireworks expected from earnings season.

Zero Momentum: The trifecta of major indices barely twitched, proving once again that 'efficient markets' love a good nap.

Crypto Side-Eye: Meanwhile, Bitcoin traders pocket 5% swings before breakfast—because who needs fundamentals when you've got volatility?

Closing Jab: Traders left wondering if the 'P' in S&P stands for 'plateau.'

Big Tech earnings

Economic data, tariffs, and Trump’s stance on interest rates appear largely priced in, shifting investor focus to earnings as a potential source of fresh upside momentum.

Stocks surged on better-than-expected results from major banks. Nvidia also helped lift tech stocks after the U.S. allowed the AI chipmaker to resume some sales to China.

The trend continued Thursday as Taiwan Semiconductor Manufacturing Company shares ROSE on record quarterly profits. The company cited robust AI demand as a key growth driver. TSMC is the primary chip supplier for Nvidia.

In a comment, TSMC chief executive officer C.C. Wei noted:

“China is a big market, and my customer can continue to supply the chip to the big market,”

Elsewhere, investors are eyeing Big Tech earnings, with results from Netflix set for after the bell.

Meanwhile, cryptocurrencies continued to signal bullish sentiment as Bitcoin (BTC) edged up following a notable slip from its all-time high at $123,000.

Oil prices were also slightly higher, despite ongoing concerns about oversupply from OPEC+ producers.