The MarketReader Minute
Some of the largest moves among US mega-cap stocks include: Broadcom Inc (AVGO) +1.9%. Recent economic data releases have highlighted a softening labor market in the U.S., with initial jobless claims rising more than expected to 232,000 for the week ending August 17th.
The MarketReader Minute
VRTX, MRNA, REGN, GILD, and AMGN all demonstrated notable increases in their respective stock prices, bolstering the ETF's upward movement during market hours on Wednesday.
The MarketReader Minute
Tesla (TSLA) reported a production record for Powerwalls and strong growth in its energy segment, alongside a pilot program for Tesla Semi trucks. Additionally, Tesla issued a recall for 2016 Model X vehicles due to cosmetic trim concerns.
The MarketReader Minute
Some of the largest macro moves in the market today include: USD/CNH +0.2%. Some of the largest moves among US mega-cap stocks include: Alphabet Inc (GOOGL) -1.2%. Alphabet Inc (GOOG) -1.1%. Walmart Inc (WMT) +1.1%.
The MarketReader Minute
significant macroeconomic data revealed a notable decline in U.S. housing starts by 6.8% in July 2024, marking the steepest drop since March. This decrease, particularly in single-unit building starts, raises concerns about the housing market's health and the financial sector.
The MarketReader Minute
the S&P 500 Index has also declined slightly, by 0.13%, suggesting broader market influences are affecting the technology sector's performance.
The MarketReader Minute
Brent crude fell below $78 per barrel and West Texas Intermediate slipped under $74 per barrel. The easing geopolitical tensions surrounding Israel-Hamas ceasefire talks have contributed to reduced fears of supply disruptions from the Middle East, alongside ongoing concerns about Chinese demand.
The MarketReader Minute
Some of the largest macro moves in the market today include: Gold +0.9%. Bitcoin +2.1%. Some of the largest moves among US mega-cap stocks include: Eli Lilly and Co (LLY) +2.0%.
The MarketReader Minute
The Australian dollar has appreciated against the U.S. dollar, reflecting broader market sentiment that may influence consumer discretionary spending. This movement in the AUD/USD currency pair is noteworthy in the context of overall economic conditions.
The MarketReader Minute
oil prices are under pressure from concerns about weaker demand in China, although geopolitical tensions may restrict further declines. The USD/CAD currency pair has decreased slightly, reflecting broader market dynamics and contributing to the stability of XLE.
The MarketReader Minute
The top contributors to this performance include UTHR, which experienced a significant rise, contributing the most to the ETF's performance. MRNA and VRTX also posted modest gains, with each making a smaller contribution.
The MarketReader Minute
Some of the largest macro moves in the market today include: USD/CNH -0.3%. Some of the largest moves among US mega-cap stocks include: Alphabet Inc (GOOG) +1.5%. Alphabet Inc (GOOGL) +1.4%.
