Matt Phillips

1 week ago | sherwood.news | Matt Phillips

ASML, the Dutch company that produces the insanely complicated, one-of-a-kind machinery used to create computer chips, posted weaker Q1 sales than expected and softer order numbers, as its CEO warned that “tariff announcements have increased uncertainty in the macro environment and the situation will remain dynamic for a while.” The update added to the semiconductor gloom, with Nvidia the biggest drag on the S&P 500 today and the iShares Semiconductor ETF down sharply.

1 week ago | sherwood.news | Matt Phillips

Here’s what he’s waiting to see to start believing in a market turn. As stocks searched for direction yesterday, and ultimately closed with a slight loss, I called up Randy Watts, chief investment strategist and portfolio manager at LA-based investment advisor William O’Neil + Co., to sound out his views on where things stand nearly two months into a tariff-related market slump.

1 week ago | kplctv.com | Matt Phillips

DEQUINCY, La. (KPLC) - Firefighters had a busy morning after a house caught fire in DeQuincy. At 7:46 a.m., the DeQuincy Volunteer Fire Department, Ward Six Fire Protection, and the Houston River Fire Department responded to a structure fire in the 900 block of Smith Street, according to Ward Six Fire. Firefighters said they saw flames and smoke venting from the home’s front window when they arrived.

1 week ago | sherwood.news | Matt Phillips

Fulfillment in Florida. (Miguel J. Rodriguez Carrillo/Getty Images)Only two of the seven haven’t yet crackedIt’s a slightly muted day on Wall Street, at least by the standards of recent volatility. But the biggest drag on the market is coming from the likes of giant tech companies like Amazon, Meta, Googleand Microsoft, who because of their massive market caps, are keeping a lid on shares as we head toward the close.

1 week ago | sherwood.news | Matt Phillips

It might have seemed like a somewhat decent day yesterday, but it wasn’t enough to prevent the emergence of one of the more ominously named technical patterns from surfacing in the chart of the S&P 500 (SPDR S&P 500 Trust) . Yes, we are talking about the so-called death cross. For those unfamiliar with the argot of technical traders, a death cross is when a 50-day moving average falls below the 200-day moving average, with both trending lower.