The rally continues as President Trump backs down from invading Greenland to work out a deal with no new tariffs for Europe, easing geopolitical fears and tensions. The Dow Jones Industrial Average advanced 306 points after rising 600 points earlier. The S&P 500 rose 37 points while the Nasdaq Composite advanced 211 points or 0.91%.

Interest rates were quiet after a couple wild days. The 10-year Treasury yield was down just a basis point to 4.25%, while the 30-year Treasury yield was down more than 2 basis points to 4.84%.

Big cap tech looked good today with Meta jumping 5%. Chips were quiet ahead of Intel’s earnings. The chip equipment stocks were lower.

The financials performed well easing fears after President Trump wanted to curb credit card interest rates.

In the Industrial space, GE Aerospace was down over 5% following better than expected earnings. Guidance was underwhelming. Not be outdone, Abbott Labs fell 10% following in line earnings, but missed on sales and first quarter guidance was below expectations.

In the commodity space, oil was down 2% on easing geopolitical tensions. Oil is now below $60 a barrel again. Gold and Silver continue their rally while crypto was more muted.

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