The MarketReader Minute
The United States Michigan Consumer Sentiment Final for July 2024 reported below expectations at 66.4, indicating a downward trend, influencing XLY's movement.
The MarketReader Minute
Key contributors to VGT's performance were Microsoft, NVIDIA, Broadcom, Salesforce, and Qualcomm, with notable movements attributed to positive feedback on Microsoft's AI strategy, NVIDIA's CEO stock sale, and Salesforce's historical market outperformance.
The MarketReader Minute
Some of the largest macro moves in the market today include: Nasdaq 100 Index (US) +1.1%. S&P 500 Index (US) +0.7%. Bitcoin +2.1%. Some of the largest moves among US mega-cap stocks include: NVIDIA Corp (NVDA) +3.2%. Broadcom Inc (AVGO) +2.6%. Meta Platforms Inc (META) +1.7%.
The MarketReader Minute
Tesla (TSLA) rose by 2.4% due to positive updates on the "Actually Smart Summon" feature and strong revenue growth. O'Reilly Automotive (ORLY) saw a 3.8% increase after an analyst raised its price target.
The MarketReader Minute
NOW surged due to strong Q2 earnings and raised price targets, AAPL maintained gains despite market share decline in China, IBM excelled with Q2 earnings surpassing estimates, and CSCO's movement reflected mixed growth indicators compared to industry peers.
The MarketReader Minute
Warren Buffett's Berkshire Hathaway sold over 7 million shares of Bank of America stock, potentially influencing its price positively. Blackstone experienced a notable 10.99% decrease in short interest and collaborated on extending a cash tender offer for Terrafina with MRP Group.
The MarketReader Minute
Valero Energy Corp reported strong financial results and strategic initiatives, while Schlumberger NV opted for delisting from Euronext Paris. The fund's increase coincided with oil price declines in Asian trade due to concerns over Chinese demand and potential market surplus in 2025.
The MarketReader Minute
Gilead Sciences Inc (GILD) saw a stock price increase after positive data release on Biktarvy at the AIDS 2024 Conference, while Sanofi's strong Q2 earnings and collaboration with Regeneron Pharmaceuticals Inc (REGN) on Dupixent drove REGN's market sentiment positively.
The MarketReader Minute
Some of the largest macro moves in the market today include: Ethereum -5.2%. USD/CNH -0.5%. Gold -1.2%. Some of the largest moves among US mega-cap stocks include: Eli Lilly and Co (LLY) -2.0%.
The MarketReader Minute
Amazon's expansion into Japan's pharmacy market and McDonald's price target reduction by UBS analyst Dennis Geiger were key factors influencing the ETF's performance. The S&P 500 Index also dropped by -1.56%, potentially aligning with XLY's decline.
The MarketReader Minute
Exxon Mobil Corp's stock rose due to news on its Joliet refinery operations, while Marathon Petroleum Corp benefited from potential political support. Geopolitical tensions affecting rearmament needs and U.S. crude price declines are influencing XLE's performance.
The MarketReader Minute
Visa faced a stock drop post Q2 revenue miss, while Mastercard followed suit due to similar reasons. S&P Global reacted to mixed US PMI data, and American Express encountered bearish sentiment amidst unusual options activity.
