The MarketReader Minute
(XLY) is up, buoyed by strength in tech and communications, and optimism over Fed minutes pointing to possible rate cuts this year. U.S. mortgage applications surged 9.4%, lifting homebuilders like D.R. Horton and Lennar.
The MarketReader Minute
(IBB) is up since Tuesday, buoyed by renewed investor optimism. Vertex, Gilead, Rhythm Pharma, BioMarin, and PCVX led gains, with Rhythm jumping on strong Phase 2 trial data.
The MarketReader Minute
U.S. Trade Policy Shifts Spark Market Volatility as Tariffs on Copper Loom and Fed Minutes Awaited Amid Inflation Concerns.
The MarketReader Minute
(IBB) rose 1.0% since Monday, led by Moderna after the company filed a lawsuit. The move comes amid renewed tariff tensions, with Trump floating potential 200% levies on pharmaceutical firms. ARK Invest’s latest stake in Beam Therapeutics further reflects investor interest in biotech plays.
The MarketReader Minute
(XLY) declined by 0.4% during Tuesday trading, pressured by fresh tariff concerns after President Trump announced a 25% levy on imports from Japan and South Korea. Amazon weighed on the fund, falling after Prime Day sales came in below last year’s levels.
The MarketReader Minute
(XLF) declined by 0.9% today, underperforming as broader markets reacted to new U.S. tariffs on Japanese and South Korean imports. JPMorgan fell sharply following an HSBC downgrade, while Bank of America slipped after Kuwait’s sovereign fund offloaded a large stake.
The MarketReader Minute
(XLE) closed flat in after-hours trading, despite strong performances from key holdings like Chevron (+4.0%), Exxon Mobil (+2.8%), and BP (+3.4%). Halliburton led gains with a 6.0% surge after securing a major well-control contract in Kuwait.
The MarketReader Minute
(VGT) is under pressure following President Trump’s announcement of new 25% tariffs on imports from Japan and South Korea. Samsung’s Q2 profit dropped due to shipping delays of memory chips used in NVIDIA’s systems. Intel also announced job cuts amid operational streamlining.
The MarketReader Minute
Market Uncertainty Rises Amid New U.S. Tariffs and Weakening German Economic Data, While Japan's Surplus Exceeds Expectations.
The MarketReader Minute
U.S. Job Growth Surges as Unemployment Falls to 4.1%, While ECB Signals Caution Amid Trade Tensions and Inflation Concerns.
The MarketReader Minute
Tech stocks surged after a stronger-than-expected U.S. jobs report pushed back Fed cut hopes but signaled economic strength. VGT rose 1.5%, led by Microsoft, NVIDIA, and Apple.
The MarketReader Minute
U.S. Job Growth Surges as Unemployment Falls to 4.1%, While ECB Signals Caution Amid Trade Tensions and Inflation Concerns.
