The MarketReader Minute
Retail earnings season wrapped stronger than expected, with upscale names lifting guidance and discounters like Best Buy and Target showing signs of recovery. Still, Tesla, Home Depot, Lowe’s, Ford, and Bath & Body Works weighed on the ETF.
The MarketReader Minute
(VGT) advanced as Nvidia’s Q2 beat highlighted a sharp YoY revenue surge, despite lingering China trade risks. Apple, Broadcom, Snowflake, Microsoft, and Pure Storage all contributed, with Snowflake and Pure Storage both raising FY revenue forecasts.
The MarketReader Minute
U.S. GDP Growth Revised Upward to 3.3% Amid Mixed Economic Signals, While Euro Area Sentiment Weakens and Markets Brace for Fed's Interest Rate Decisions.
The MarketReader Minute
(XLE) +1.5% surged to $89.32, its highest level since April, as U.S. crude inventories fell by 2.39M barrels, beating forecasts and pushing oil prices higher. Geopolitical tensions over potential sanctions on Russia further supported the sector, with ExxonMobil and Chevron leading gains.
The MarketReader Minute
Political tensions deepened after President Trump dismissed Fed Governor Lisa Cook, raising questions about central bank independence and fueling speculation of September rate cuts. Within the fund, Wells Fargo (WFC) hit a 4-week high, while Citigroup (C) reached its strongest level since 2008.
The MarketReader Minute
(VGT) +0.8% advanced as speculation over Fed independence and rate cuts lifted tech sentiment. Strong results from MongoDB, which beat on Q2 EPS and raised full-year guidance, drove the sector higher alongside gains in Microsoft and Apple.
The MarketReader Minute
Political turmoil in the U.S. and Europe drives market volatility, impacting Fed independence concerns, Treasury yields, and investor sentiment amid economic data releases.
The MarketReader Minute
President Trump’s ouster of Fed Governor Cook rattled confidence in central bank independence as durable goods orders fell again. Eli Lilly rose on obesity drug trial results and EchoStar soared on a $23B spectrum deal with AT&T.
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(IBB) fell, The FDA announced daily reporting on drug-related adverse events, a move aimed at modernizing surveillance. Still, key holdings like (REGN) and (MRNA) weighed heavily, offsetting positive headlines such as Amgen’s FDA approval.
The MarketReader Minute
Powell's dovish remarks spark market rally and interest rate cut expectations, despite ongoing U.S. economic weakness.
The MarketReader Minute
(XLF) advanced 1.5%, boosted by Fed Chair Powell’s dovish remarks at Jackson Hole, which fueled hopes for rate cuts and improved borrowing conditions. U.S. banks are lobbying for national standards in banking services, signaling a potential shift in sector regulation.
The MarketReader Minute
(XLY) rose almost 3%, closing at $227.08, with bullish momentum fueled by Fed Chair Powell’s dovish signals on rate cuts and strong consumer spending data. Tesla, Amazon, and Home Depot led the gains, with Home Depot also announcing a quarterly dividend.
