The MarketReader Minute
The ETF's top holdings experienced significant declines, with Moderna Inc. and Regeneron Pharmaceuticals receiving Underperform ratings from BofA Securities, alongside price targets suggesting further downside.
The MarketReader Minute
(XLY) experienced a price increase of 0.8% during market hours on Tuesday. This follows a previous gain of 0.45% reported yesterday, amid a broader market where the S&P 500 and Nasdaq saw gains despite declines in nine of the eleven S&P sectors.
The MarketReader Minute
(XLF) has experienced a decline of 0.6% since Monday. The U.S. Labor Department reported that Q3 labor productivity growth remained unchanged, while unit labor costs rose less than initially estimated, suggesting easing wage pressures on inflation.
The MarketReader Minute
(VGT) has seen a decline in pre-market trading. Significant contributors to this performance include Microsoft, which dropped slightly, and Oracle, which experienced a notable decline following disappointing second-quarter results, particularly in cloud revenue.
The MarketReader Minute
Some of the largest moves among US mega-cap stocks include: Alphabet Inc (GOOG) +4.1%. Alphabet Inc (GOOGL) +4.1%. Recent economic data releases have highlighted significant developments in major global economies.
The MarketReader Minute
(IBB) has seen a price increase of 0.8% since Friday. Social media discussions are centered around the upcoming 66th ASH Annual Meeting, where key medical presentations are expected to impact biotechnology stocks.
The MarketReader Minute
(VGT) has seen a decline of 0.2% since Friday. Significant contributors to this performance include NVIDIA Corp, which dropped notably amid an anti-monopoly investigation in China, contributing to a larger negative impact.
The MarketReader Minute
(XLE) has seen a price increase of 0.9% since Friday. The top contributors to this performance include Chevron (CVX), Exxon Mobil Corp (XOM), ConocoPhillips (COP), Phillips 66 (PSX), and Valero Energy (VLO).
The MarketReader Minute
(XLY) is currently priced at 233.98, reflecting an increase in the last hour and a half. Trading volume stands at 6.5K, placing XLY among the gainers today.
The MarketReader Minute
Some of the largest macro moves in the market today include: Copper +2.0%. Ethereum -3.6%. Bitcoin -2.8%. Noteworthy US mega-cap moves today: NVIDIA Corp (NVDA) -2.0%.
The MarketReader Minute
Today's employment data may influence Federal Reserve policy decisions regarding interest rates, potentially benefiting technology stocks such as Vanguard Information Technology ETF (VGT).
The MarketReader Minute
(XLY) has risen by 1.4% today, continuing a robust performance that has seen an increase of nearly 4% this week. The recent U.S. non-farm payrolls report showed an unexpected gain of 227,000 jobs in November, which may influence Federal Reserve policy on interest rates.
