The MarketReader Minute
Macroeconomic data revealed an unexpected rise in U.S. gasoline stocks, which historically influences XLF’s movements. Crude oil inventories also increased, suggesting a trend of rising supply that could impact market sentiment.
The MarketReader Minute
Crude oil inventories have risen, contrary to expectations, which has influenced market sentiment regarding energy investments. Additionally, the latest CPI report suggests persistent inflation pressures, potentially affecting Federal Reserve interest rate decisions .
The MarketReader Minute
Some of the largest macro moves in the market today include: US 2Y Treasury Bond -0.2%. Oil (WTI) +1.4%. Ethereum -2.7%. Some of the largest moves among US mega-cap stocks include: UnitedHealth Group Inc (UNH) -1.9%.
The MarketReader Minute
Tesla (TSLA) contributed significantly with a strong return, bolstered by the EU's decision to lower proposed tariffs on its vehicles and robust sales momentum in China. Amazon (AMZN) benefiting from the expansion of its Prime savings program and a strategic partnership with Oracle.
The MarketReader Minute
Microsoft is hosting a cybersecurity summit addressing IT outage fallout, and Oracle (ORCL), whose stock rose due to strong first-quarter results and a partnership with Amazon Web Services that bolstered cloud infrastructure revenue.
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.
