The MarketReader Minute
(VGT) rises 0.1% amid political gridlock and uncertainty around upcoming labor data. Major holdings, including Salesforce, ServiceNow, Apple, Adobe, and HubSpot, dragged on performance despite new AI and software rollouts. The S&P 500 also declined, underscoring broader market caution.
The MarketReader Minute
(XLF) fell 0.8% Tuesday, dragged down by Bank of America, American Express, and Capital One amid budget gridlock in Congress and new tariff concerns. (KRE) slipped 1.1%, trading below its 50-day moving average as shutdown risks and soft labor market data weighed on sentiment.
The MarketReader Minute
U.S. financial markets face uncertainty from potential government shutdown, impacting key economic data and driving gold prices to new highs amid mixed European macroeconomic indicators.
The MarketReader Minute
U.S. Stock Market Gains Amid Eased Inflation Concerns, But Government Shutdown Looms; Gold Prices Hit Record Highs as Investors Seek Safe Havens.
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US GDP Growth Revised Up to 3.8% Amid Declining Jobless Claims, While New Tariffs Raise Concerns Over Inflation and Monetary Policy Direction.
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(XLY) fell in line with broader market weakness, pressured by steep losses in CarMax, Tapestry, and Deckers Outdoor. Tesla and Amazon also weighed on performance, while Nike and Lululemon faced fresh analyst downgrades.
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(VGT) fell 0.4% as the S&P 500 also declined, despite Q2 GDP growth of 3.8% and lower jobless claims signaling economic strength. Microsoft’s service halt to an Israeli defense unit, Oracle’s Sell rating and bond plans, and a Qualcomm downgrade offset solid results from Accenture.
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U.S. jobless claims drop to two-month low while durable goods orders rise, but mixed economic signals and cautious European sentiment lead to significant global market sell-offs.
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XLY advanced 0.7%, outperforming several S&P sectors despite mixed market breadth. Tesla, Ross Stores, McDonald’s, Lululemon, and GM were key contributors, while stronger-than-expected U.S. new home sales and optimism around lithium supply chains added momentum to the sector.
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VGT fell nearly 1% alongside a broader S&P 500 pullback, after Fed Chair Jerome Powell cautioned on equity valuations and inflation risks. Apple, Nvidia, Microsoft, Oracle, and Adobe all traded lower, with Oracle under pressure from a planned bond sale and Adobe downgraded by Morgan Stanley.
The MarketReader Minute
Boeing and EV makers surge on major orders and expansion news, while Wayfair sinks amid new tariff pressures.
The MarketReader Minute
(VGT) fell after Fed Chair Jerome Powell flagged inflation risks despite potential rate cuts. Nvidia’s multibillion-dollar AI partnership with OpenAI failed to lift tech stocks, with Microsoft and Apple also retreating. Oracle announced a Texas data center expansion with OpenAI.
