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.
The MarketReader Minute
Some of the largest macro moves in the market today include: S&P 500 Index (US) -0.6%. Some of the largest moves among US mega-cap stocks include: Microsoft Corp (MSFT) -3.7%. Meta Platforms Inc (META) -2.1%. Broadcom Inc (AVGO) -1.5%.
The MarketReader Minute
(XLE) has seen a price increase of 0.5% since Tuesday. This uptick coincides with a surprising decline in U.S. crude inventories, which fell by 0.573 million barrels, contrary to expectations of an increase.
The MarketReader Minute
The iShares Biotechnology ETF (IBB) has seen a price increase of 0.4% since Tuesday. Notable contributors to this performance include Neurocrine Biosciences Inc (NBIX), (EXEL) .
The MarketReader Minute
Some of the largest macro moves in the market today include: Oil (WTI) +1.5%. Euro Stoxx 50 Index (EU) -1.6%. CAC 40 Index (France) -1.7%. Some of the largest moves among US mega-cap stocks include: Eli Lilly and Co (LLY) -10.9%. Alphabet Inc (GOOG) +6.7%. Alphabet Inc (GOOGL) +6.6%.
The MarketReader Minute
The Consumer Discretionary Select Sector SPDR Fund (XLY) has declined by 0.6% during market hours on Tuesday. The U.S. Consumer Confidence Index rose to 108.7 in October
The MarketReader Minute
(XLF) has experienced a slight decline of 0.3% during market hours on Tuesday. U.S. consumer confidence rose to 108.7 in October, the highest increase since March 2021, suggesting improved economic sentiment that could benefit the financial sector.
The MarketReader Minute
The Vanguard Information Technology ETF (VGT) is currently experiencing a daily return of +.06%, influenced by rising U.S. Treasury yields, which have reached a three-month high.
The MarketReader Minute
Some of the largest macro moves in the market today include: USD/CNH +0.2%. Ethereum +2.1%. US Dollar Index +0.3%.
The MarketReader Minute
(XLY) has seen a price increase of 0.9% since Friday. The S&P 500 consumer discretionary sector index reached its highest level since January 2022, increasing by 0.8%.
