The MarketReader Minute
The Vanguard Information Technology ETF (VGT) climbed 2.0%, fueled by Microsoft’s surge toward a $4 trillion market cap, strong cloud and AI spending, and renewed Fed rate cut speculation after a weak July jobs report. NVIDIA and AMD also posted strong gains, helping push the S\&P 500 over 1%.
The MarketReader Minute
Disappointing U.S. jobs report fuels speculation of Fed interest rate cuts, while political interference raises concerns over economic data integrity and market volatility.
The MarketReader Minute
U.S. Tariffs Spark Market Declines Amid Mixed Labor Data and Inflation Concerns.
The MarketReader Minute
U.S. GDP Surges 3% in Q2 2025, While Europe Faces Mixed Economic Signals Ahead of Key Central Bank Decisions.
The MarketReader Minute
(XLE) dropped 2.0% on Wednesday, pressured by a surprise 7.7 million barrel rise in U.S. crude inventories and renewed geopolitical concerns. Energy heavyweights Chevron (CVX), ExxonMobil (XOM), and Schlumberger (SLB) led the decline.
The MarketReader Minute
(IBB) declined 0.6% as markets absorbed the Fed’s steady rate stance and Q2 GDP growth of 3%. The removal of Vinay Prasad from the FDA was seen as a sector-positive move, though broader market weakness—evident in the Russell 2000’s drop—also weighed on IBB.
The MarketReader Minute
Financials edged lower with XLF down 0.5%, tracking the Dow’s 0.53% decline. Despite strong Q2 GDP growth (3%) and July job gains, the Fed kept rates steady at 4.25%–4.50%. Visa, Mastercard, and Blackstone all fell, even as Visa announced new Google Pay integrations.
The MarketReader Minute
(XLY) declined 1.0% after the Fed kept rates steady at 4.25%-4.50% amid 3% Q2 GDP growth and rising inflation. President Trump's new tariffs on India added pressure, dragging down Tesla and Nike. Despite strong earnings, Garmin also fell, echoing a broader S\&P 500 dip of 0.35%.
The MarketReader Minute
VGT fell 0.2% Wednesday as the Fed kept rates steady amid strong GDP growth and inflation concerns. Apple, Microsoft, and Qualcomm declined, while Palo Alto Networks slipped on its $25B CyberArk buyout. Accenture hit a 26-month low, echoing the S&P 500’s broader pullback.
The MarketReader Minute
U.S. GDP Surges 3% in Q2 2025, While Europe Faces Mixed Economic Signals Ahead of Key Central Bank Decisions.
The MarketReader Minute
(XLE) is up 0.9% since Monday, supported by a landmark U.S.-EU trade agreement securing \$750B in American energy purchases over three years. Crude oil prices have risen nearly 0.7% to \$67, with Brent up 3.28%. Top contributors include Exxon Mobil, ConocoPhillips, and Williams Companies.
The MarketReader Minute
(VGT) dipped 0.3% even as a stronger U.S. dollar and a new U.S.-EU trade deal stirred optimism for domestic tech. AMD rallied on a BofA target hike, Cadence beat Q2 expectations, and Corning impressed with optical segment strength. Investors remain cautious ahead of the Fed’s rate decision tomorrow.
