The MarketReader Minute
(VGT) has risen since Monday. The U.S. presidential election is underway, with a competitive race between Kamala Harris and Donald Trump, which could significantly influence financial markets, particularly technology stocks.
The MarketReader Minute
Some of the largest macro moves in the market today include: Copper +1.3%. The U.S. presidential election is the dominant event influencing market sentiment today, with traders closely monitoring results between candidates Kamala Harris and Donald Trump.
The MarketReader Minute
(VGT) has experienced a modest increase, coinciding with heightened volatility in financial markets due to the U.S. presidential election, where Vice President Kamala Harris is reportedly gaining on former President Donald Trump.
The MarketReader Minute
(IBB) has seen a decrease of 0.1% since Friday. In the previous week, from October 28 to November 1, the ETF recorded a gain of 0.90%, reaching a price of 142.78. Key contributors to this performance included GILD, ILMN, APLS, HALO, and MTD, each registering positive returns.
The MarketReader Minute
(XLE) has risen by 1.7% during Monday's trading, coinciding with a notable surge in oil prices. West Texas Intermediate crude has increased over 3%, reaching $71.50 per barrel, the highest level since late October.
The MarketReader Minute
Some of the largest macro moves in the market today include: Oil (WTI) +2.8%. USD/CNH -0.5%. US Dollar Index -0.5%. Some of the largest moves among US mega-cap stocks include: Eli Lilly and Co (LLY) -1.6%. Exxon Mobil Corp (XOM) +0.8%.
The MarketReader Minute
(VGT) has increased by 1.5% today, coinciding with a broader market rise as the S&P 500 Index gained 1.10%. The U.S. economy added only 12,000 jobs in October, significantly below expectations, which may lead to a more dovish Federal Reserve stance that could benefit technology stocks.
The MarketReader Minute
(XLY) has risen over 2.6% amid broader market gains, outperforming other sector ETFs. This increase was supported by a notable rally in Amazon.com Inc., which surged approximately 6% following its earnings report that revealed net sales of $158.9 billion and earnings per share of $1.43.
The MarketReader Minute
Some of the largest macro moves in the market today include: US 2Y Treasury Bond +0.2%. US 10Y Treasury Bond +0.4%. Some of the largest moves among US mega-cap stocks include: Amazon.com Inc (AMZN) +7.0%. Exxon Mobil Corp (XOM) +1.9%. Apple Inc (AAPL) -1.9%.
The MarketReader Minute
(IBB) has experienced a decline of 1.2% since Wednesday. The U.S. private sector added 233,000 jobs in October, surpassing expectations and highlighting robust labor market conditions, while GDP growth slowed unexpectedly to an annualized rate of 2.8% for Q3.
The MarketReader Minute
The Financial Select Sector SPDR Fund (XLF) has seen a decline of 0.8% since Wednesday. The U.S. economy displayed resilience, with the ADP report showing an increase of 233,000 jobs in October and personal spending rising by 0.5%
The MarketReader Minute
(VGT) has experienced a decline of 2.8% today, coinciding with significant drops in major tech stocks, including Microsoft and Meta Platforms, following earnings reports that raised concerns about future growth due to rising AI investment costs.
