The MarketReader Minute
VGT slipped 0.4% after hotter-than-expected PPI data and falling jobless claims fueled rate concerns. Losses in AMD, Apple, Salesforce, Coherent, and Cisco weighed on performance, with company-specific news amplifying sector weakness.
The MarketReader Minute
US inflation rises unexpectedly, fueling speculation of Fed interest rate cuts as UK GDP growth contrasts with Eurozone industrial decline amidst cautious market optimism.
The MarketReader Minute
U.S. inflation data fuels speculation of Fed interest rate cuts as markets rally on tariff truce with China and positive corporate earnings in Japan.
The MarketReader Minute
U.S. CPI rises to 2.8% amid tariff concerns, while Asian markets rally on eased U.S.-China trade tensions and fiscal stimulus optimism.
The MarketReader Minute
VGT fell as weakness in Apple, Intuit and Adobe pressured the tech sector, mirroring broader market declines. Monday.com plunged despite beating Q2 estimates, as softer Q3 guidance and analyst downgrades fuelled heavy selling.
The MarketReader Minute
U.S. inflation data set to influence markets as analysts predict CPI rise and potential Fed rate cuts amid mixed European signals and ongoing geopolitical tensions.
The MarketReader Minute
Tech stocks gained with VGT up, led by Apple, Nvidia, and Cisco. A new 100% tariff on semiconductor imports favors U.S. manufacturers, while soft labor data fuels expectations of Fed rate cuts, boosting growth sentiment across the sector.
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Financials lead with a rise as funding pressures ease and credit quality holds steady. Trump's new 401(k) order and central bank rate cuts fuel sector optimism, while JP Morgan and Mastercard make strategic global moves.
The MarketReader Minute
XLY rises amid broader market gains. Tesla's Texas rideshare license and Dollar General's Uber delivery deal support performance, despite tariff and labor market headwinds.
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Canada's unemployment steady at 6.9% amid job losses, while Japan considers interest rate hikes and U.S. tariffs create uncertainty for Fed policies.
The MarketReader Minute
IBB slipped 0.36% as Trump’s 100% tariff on foreign-made semiconductors stirred fears of broader sector fallout. Vertex and Vaxcyte weighed on performance, while inflation concerns and a soft labor market added pressure.
The MarketReader Minute
XLF dropped, leading sector underperformance amid dovish Fed signals and tariff fears. Major banks like JPMorgan, Visa, and Mastercard declined as rising jobless claims and economic uncertainty weighed on financials.
