Tech Earnings and U.S. Economic Data Volatility.

U.S. markets are volatile amid conflicting economic signals and a heavyweight earnings week. While factory orders and nonfarm productivity showed resilience, the labor market provided mixed signals with higher-than-expected jobless claims. The primary story, however, remains the "Magnificent Seven" earnings. Meta's strong performance has been overshadowed by a major sell-off in Microsoft shares following a disappointing cloud outlook, while Tesla's muted reaction highlights concerns over its first annual revenue decline. In the commodities space, we are seeing a sharp flight to safety; gold and silver are surging alongside a massive spike in copper and crude oil amid escalating geopolitical tensions in the Middle East. Traders should remain alert as the focus shifts toward this afternoon's Treasury auction and a massive slate of earnings reports from industry leaders like Apple and Visa.