The MarketReader Minute
(XLY) has experienced an increase of 1.6% since Friday, outperforming other S&P sector ETFs. The U.S. private sector demonstrated strong growth in November, with the services PMI expanding significantly and inflation pressures easing, which is favorable for consumer discretionary spending.
The MarketReader Minute
(XLE) is currently underperforming, with a decline in value while other sectors. Oil prices have increased amid rising geopolitical tensions, particularly concerning the Russia/Ukraine conflict, which typically influences energy sector performance.
The MarketReader Minute
(XLF) has reached a 52-week high, aligning with substantial gains in the broader S&P 500, which has crossed the 6,000-point threshold. Year-to-date returns for XLF and similar ETFs have surpassed 30%, outpacing the S&P 500's 26% increase.
The MarketReader Minute
(VGT) has seen a price increase of 0.5% since Friday. Key contributors to this performance include Apple (AAPL), Microsoft (MSFT), Broadcom (AVGO), Advanced Micro Devices (AMD), and Super Micro Computer Inc. (SMCI).
The MarketReader Minute
(IBB) has seen a price increase of 2.2% since Friday, bolstered by significant movements among its holdings. Moderna (MRNA) experienced a notable rise after announcing participation in two investor conferences focused on mRNA technology.
The MarketReader Minute
Some of the largest macro moves in the market today include: US Dollar Index -0.8%. US 10Y Treasury Bond +0.5%. Gold -1.2%. Some of the largest moves among US mega-cap stocks include: UnitedHealth Group Inc (UNH) +1.5%. JPMorgan Chase & Co (JPM) +1.0%. Berkshire Hathaway Inc (BRK.B) +0.7%.
The MarketReader Minute
(XLF) has seen a price increase of 0.9% since Thursday. Key contributors to this performance include JPMorgan Chase (JPM), which recorded a return of 1.36%, contributing 0.14% to the fund's performance. Bank of America (BAC) also performed well with a return of 1.38%, adding 0.07%
The MarketReader Minute
(VGT) has seen notable contributions from several of its top holdings. Apple (AAPL) increased modestly, contributing positively to the fund's performance.
The MarketReader Minute
Some of the largest macro moves in the market today include: Gold +0.8%. US Dollar Index +0.4%. geopolitical tensions continue influencing investor behavior which are contributing to safe-haven demand for assets like gold while pressuring equity indices globally.
The MarketReader Minute
(XLY) is currently underperforming compared to other S&P sector ETFs, with a modest increase amidst stronger gains in sectors such as Industrials, Energy, and Financials.
The MarketReader Minute
(IBB) has seen a modest increase of 0.2% since Wednesday. Key contributors to this performance include Amgen Inc. (AMGN), Gilead Sciences (GILD), Regeneron Pharmaceuticals (REGN), Waters Corporation (WAT), and Biogen Inc. (BIIB).
The MarketReader Minute
(XLE) has seen a price increase of 1.5% since Wednesday, aligning with the energy sector's overall performance, which has risen by nearly 1%. This uptick occurs amidst broader market dynamics, where nine sectors are advancing.
