The MarketReader Minute
The Consumer Discretionary Select Sector SPDR Fund (XLY) rose 0.4% after June retail sales beat expectations with a 0.6% increase. Strong consumer spending boosted holdings like Amazon, Home Depot, Nike, Lowe’s, and Booking, while Trump’s Powell comments eased rate uncertainty.
The MarketReader Minute
US jobless claims hit three-month low and retail sales rise, while political tensions impact markets; Europe sees stable CPI but UK unemployment rises.
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XLY saw gains led by Tesla and General Motors, with GM advancing on a new battery tech deal with Redwood Materials to boost energy storage for AI-driven grid demand. Lululemon, Ross, and Deckers also posted strong returns, signaling renewed consumer strength.
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(VGT) rose 0.3% as easing U.S. chip export restrictions to China lifted sentiment around top holdings like Nvidia and AMD. Flat PPI data supported hopes for stable rates, while Apple and Unity led VGT’s intraday gains. Unity also hit a new 52-week high with heavy volume and rising bullish sentiment.
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(XLF) is up following earnings beats from Goldman Sachs and Morgan Stanley, with Goldman posting record equity-trading revenue. A new U.S.-Indonesia trade deal reducing tariffs is supporting broader sentiment.
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U.S. economic data stirs market volatility as PPI stagnates, UK inflation rises, and trade tensions persist amid mixed bank earnings.
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(IBB) declined, echoing broader risk-off sentiment after U.S. CPI data showed a 2.7% annual rise above the Fed’s target and amid tariff concerns raised by President Trump. IBB holdings, including Regeneron, Moderna, and Vertex, also traded lower in Tuesday’s session.
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(XLY) dropped 1.2% Tuesday as inflation and trade tensions rattled markets. June’s CPI came in above the Fed’s target, reinforcing expectations of sustained higher rates—pressuring consumer spending outlooks. Key XLY names like Home Depot, Tesla, and Lowe’s traded lower.
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(XLF) slid after Q2 earnings from major banks raised more questions than confidence. Meanwhile, CPI data came in, reinforcing Fed hawkishness, while Trump’s new EU-Mexico tariffs added to financial sector pressures.
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NVIDIA jumped after announcing it will resume H20 AI chip sales to China, following eased U.S. export restrictions. The move comes amid a broader rally in VGT holdings, including AMD, which hit a multi-month high. Meanwhile, hotter-than-expected CPI at 2.7% YoY reinforces the Fed’s hawkish stance.
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U.S. Inflation Pressures Rise Amid Tariff Concerns and Mixed Market Sentiment Ahead of Major Bank Earnings Reports.
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XLF gained since Friday, positioning itself at the front of earnings season as major financials gear up to report. JPMorgan, Visa, Mastercard, and Wells Fargo contributed to the ETF’s rise amid renewed tariff tensions.
