Global equity markets mixed as U.S. jobless claims show stability, while European indices rise amid Nvidia's earnings, despite geopolitical tensions and falling Eurozone sentiment; oil prices drop 2% on Middle East conflict concerns.
Financial stocks moved higher, with XLF rising 1.6% as broad-based gains lifted the sector. Strength in names such as Citigroup and Coinbase supported the advance, while improving market sentiment and a rising Dow helped drive the rebound after recent underperformance.
The iShares Biotechnology ETF (IBB) fell about 0.4%, with losses across holdings including IQVIA, MannKind, Biogen, Waters, and Cytokinetics weighing on performance. The decline comes alongside a modest drop in the Russell 2000, reflecting softer sentiment toward biotech and small-cap growth stocks.
(VGT) gained supported by renewed optimism around artificial intelligence investments. The rally follows AMD’s AI infrastructure deal with Meta, while the Nasdaq reached fresh highs. Key contributors included Microsoft, Nvidia, Apple, Broadcom, and Applied Materials.
Global equity markets rise on U.S. optimism and easing AI concerns, while U.S. mortgage rates hit a 16-month low, contrasting with declining consumer confidence in Germany.
Biotech stocks moved higher, with (IBB) rising about 0.6% as expectations for increased pharmaceutical dealmaking and investment supported sentiment. Gains in Vertex, Moderna, Sarepta, IQVIA, and Iovance helped lift the sector alongside strength in small-cap equities.
Tech stocks advanced as Apple announced a major expansion of U.S. manufacturing in Houston and AMD’s AI partnership with Meta boosted semiconductor sentiment. (VGT) rose about 1.7%, supported by gains in Apple, AMD, Microsoft, Salesforce, and NVIDIA.
Global equity markets decline amid renewed trade tensions and mixed economic data, with significant drops in China's Hang Seng Index and concerning trends in Canada, the UK, and France.
Financial stocks tumble after President Trump announced an increase in global tariffs to 15%, raising concerns. XLF dropped more than 3%, with JPMorgan, Mastercard, and Visa leading losses, as weak factory orders and a broader Dow decline amplified risk-off sentiment.
Tech stocks fall as renewed trade uncertainty and rising geopolitical tensions weigh on sentiment, pushing VGT down nearly 2%. Broad weakness across major software names, including Microsoft, IBM, Intuit, Salesforce, and Oracle, mirrors a broader decline in the S&P 500 as investors turn cautious.
Global equity markets show mixed performance as U.S. indices decline amid tariff concerns, while positive economic data from the U.S. and Germany signals potential growth recovery.
Tech shares ticked higher after a U.S. Supreme Court ruling against global tariffs eased cost pressures for import-heavy sectors, supporting risk appetite. Gains in Apple, Nvidia, Micron, RingCentral, and Analog Devices helped lift VGT, while the broader S&P 500 also advanced.
