Welcome to Markets Desk, your midday read on what's moving money and markets.
Trump Media took a sharp hit Monday, falling eight percent to its lowest level in two weeks. The slide wiped out a fortnight of hard-won gains as the company disclosed its latest round of losses, reminding investors that the stock remains driven more by sentiment than by fundamentals.
Shifting to the macro picture, the dollar index climbed nearly a third of a percent as Treasury yields pushed higher and crude oil surged five percent on the session. That combination raises inflation expectations and signals the Fed may need to stay tighter for longer, giving the greenback a clear tailwind heading into the week.
Meanwhile, Rocket Lab reported mixed earnings, and despite laying out ambitious expansion plans including a push into European launch markets and a growing order backlog, the market wasn't impressed. Shares fell as investors weighed the gap between the company's long-term vision and its near-term financial delivery.
That's the tape. Markets Desk, signing off the floor.
