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.
VGT edged higher alongside broader market gains, led by strength in Apple, Micron, and AMD, even as rising oil prices and geopolitical tensions continue to raise inflation concerns for tech valuations.
Mixed global equity markets as U.S. job growth exceeds expectations but wage growth lags, raising inflation concerns amid rising geopolitical tensions affecting oil prices.
XLE moved higher as gains in Diamondback Energy and ConocoPhillips lifted the sector, with oil prices surging on renewed Middle East tensions. USO jumped over 10%, reflecting rising supply risk and a sharp increase in the geopolitical premium.
XLY fell over 1.5% as declines in Tesla, GM, and cruise stocks weighed on the sector, with discretionary names lagging broader markets despite strength in energy and utilities.
VGT edged higher as gains in Nvidia, Microsoft, AMD, and Intel supported the sector, even as broader market sentiment remained cautious amid rising oil prices and geopolitical tensions.
Global equity markets decline as Trump's speech raises Middle East tensions, oil prices surge nearly 13%, while U.S. jobless claims fall and trade deficit widens less than expected.
