The MarketReader Minute
JPMorgan dropped substantially following comments from its President regarding high net interest income expectations and a cautious outlook on expenses. Goldman Sachs also faced a notable decline, as its CEO projected a decrease in trading business amid sluggish market conditions.
The MarketReader Minute
Some of the largest macro moves in the market today include: Oil (WTI) -1.2%. Natural Gas +5.0%. Some of the largest moves among US mega-cap stocks include: JPMorgan Chase & Co (JPM) +1.4%. Amazon.com Inc (AMZN) +1.3%. Berkshire Hathaway Inc (BRK.B) +0.5%.
The MarketReader Minute
he Financial Select Sector SPDR Fund (XLF) has increased by 1.1% since Friday. Key contributors to this performance include JPMorgan Chase, Visa, Mastercard, Bank of America, and Goldman Sachs, each showing notable returns.
The MarketReader Minute
Significant contributors to this performance include Moderna (MRNA), which reported a notable increase, and Amgen (AMGN), which announced positive data regarding its IMDELLTRA treatment for extensive-stage small cell lung cancer, demonstrating promising disease control rates.
The MarketReader Minute
Some of the largest macro moves in the market today include: S&P 500 Index (US) +1.1%. Nasdaq 100 Index (US) +1.4%. Copper +1.9%. Some of the largest moves among US mega-cap stocks include: Microsoft Corp (MSFT) +1.0%. JPMorgan Chase & Co (JPM) +0.7%. Berkshire Hathaway Inc (BRK.B) +0.6%
The MarketReader Minute
The Consumer Discretionary Select Sector SPDR Fund (XLY) has declined by 1.5% since Thursday, influenced by significant movements among its holdings. Concurrently, the U.S. job market presented mixed signals; August job growth was below expectations, although the unemployment rate fell to 4.2%.
The MarketReader Minute
Nvidia (NVDA) fell to a four-week low amid concerns regarding anticompetitive practices and reports of circumventing U.S. controls in China. Broadcom (AVGO) reported a net loss in Q3 but exceeded earnings estimates, though its weak Q4 revenue outlook contributed to a stock price drop.
The MarketReader Minute
Some of the largest macro moves in the market today include: US 2Y Treasury Bond +0.1%. Some of the largest moves among US mega-cap stocks include: Broadcom Inc (AVGO) -6.1%.
The MarketReader Minute
Gilead Sciences is set to present new data on its cancer treatment Trodelvy at the upcoming IASLC 2024 World Conference on Lung Cancer, focusing on various studies related to lung cancer, although the drug has not yet received regulatory approval for these indications.
The MarketReader Minute
Tesla Inc. saw a notable rise, attributed to plans for launching its Full Self-Driving product in Europe and China by Q1 2025. Amazon's shares also traded higher following positive analyst coverage and the selection of Amazon Web Services by Central Japan Railway Company.
The MarketReader Minute
Some of the largest macro moves in the market today include: Gold +1.0%. Bitcoin -2.4%. Ethereum -2.6%. Some of the largest moves among US mega-cap stocks include: Tesla Inc (TSLA) +2.4%. Broadcom Inc (AVGO) -1.6%.
The MarketReader Minute
Significant contributors to this performance included Tesla (TSLA), which experienced a notable rise following the introduction of a winter tire package for its Cybertruck and positive sales data.
