Global equity markets decline as U.S. jobless claims rise and GDP growth disappoints, while European industrial production falters and oil prices surge amid geopolitical tensions.
IBB rose nearly 2% as gains in Amgen, Moderna, and Vertex lifted the sector, with easing geopolitical tensions and falling oil prices supporting risk sentiment.
XLF rose over 2% as gains in JPMorgan, Bank of America, and Wells Fargo lifted the sector, with easing inflation concerns and lower yields supporting financials.
XLY rose over 2% as gains in Amazon, Home Depot, and Booking lifted the sector, with falling oil prices easing inflation concerns and supporting consumer sentiment.
XLE fell nearly 4% as declines in Exxon, Chevron, and ConocoPhillips dragged the sector lower, with oil prices dropping sharply following a U.S.–Iran ceasefire and rising crude inventories.
VGT rose over 2% as strength in Nvidia, Apple, and Broadcom lifted tech, with easing geopolitical tensions and falling oil prices supporting sentiment and reducing inflation pressure.
Global equity markets surge as U.S.-Iran ceasefire eases oil supply fears, while U.S. mortgage applications decline and Germany's factory orders disappoint.
XLY fell over 1% as declines in Tesla, Nike, and Home Depot weighed on the sector, with discretionary stocks lagging behind strength in energy and utilities.
IBB edged lower as declines in Gilead, Amgen, and Regeneron weighed on the sector, extending recent weakness despite broader strength in health insurers following the Medicare Advantage rate update.
VGT edged lower as broader tech weakness weighed on the sector, with geopolitical tensions pressuring sentiment despite gains in Broadcom and Intel.
Global equity markets decline as U.S. Durable Goods Orders fall 1.4% and geopolitical tensions escalate, raising concerns over economic health.
XLY edged higher as gains in Amazon, Booking, and Starbucks supported the sector, despite rising oil prices and slowing services activity adding pressure to consumer sentiment.
