The MarketReader Minute
President-elect Donald Trump has announced plans to impose a 25% tariff on all imports from Mexico and Canada, along with an additional 10% tariff on Chinese goods. This has raised concerns regarding potential trade wars, which could negatively impact consumer sentiment and spending.
The MarketReader Minute
(IBB) has declined by 1.6% today, coinciding with a 1.17% drop in the Russell 2000 Index, suggesting broader market sentiment is influencing biotechnology stocks. Among IBB's holdings, Amgen Inc. experienced a significant decline.
The MarketReader Minute
Some of the largest macro moves in the market today include: Ethereum -2.6%. EUR/USD +0.6%. Recent market movements are significantly influenced by President-elect Donald Trump's announcement of proposed tariffs.
The MarketReader Minute
(XLY) has experienced an increase of 1.6% since Friday, outperforming other S&P sector ETFs. The U.S. private sector demonstrated strong growth in November, with the services PMI expanding significantly and inflation pressures easing, which is favorable for consumer discretionary spending.
The MarketReader Minute
(XLE) is currently underperforming, with a decline in value while other sectors. Oil prices have increased amid rising geopolitical tensions, particularly concerning the Russia/Ukraine conflict, which typically influences energy sector performance.
The MarketReader Minute
(XLF) has reached a 52-week high, aligning with substantial gains in the broader S&P 500, which has crossed the 6,000-point threshold. Year-to-date returns for XLF and similar ETFs have surpassed 30%, outpacing the S&P 500's 26% increase.
The MarketReader Minute
(VGT) has seen a price increase of 0.5% since Friday. Key contributors to this performance include Apple (AAPL), Microsoft (MSFT), Broadcom (AVGO), Advanced Micro Devices (AMD), and Super Micro Computer Inc. (SMCI).
The MarketReader Minute
(IBB) has seen a price increase of 2.2% since Friday, bolstered by significant movements among its holdings. Moderna (MRNA) experienced a notable rise after announcing participation in two investor conferences focused on mRNA technology.
The MarketReader Minute
Some of the largest macro moves in the market today include: US Dollar Index -0.8%. US 10Y Treasury Bond +0.5%. Gold -1.2%. Some of the largest moves among US mega-cap stocks include: UnitedHealth Group Inc (UNH) +1.5%. JPMorgan Chase & Co (JPM) +1.0%. Berkshire Hathaway Inc (BRK.B) +0.7%.
The MarketReader Minute
(XLF) has seen a price increase of 0.9% since Thursday. Key contributors to this performance include JPMorgan Chase (JPM), which recorded a return of 1.36%, contributing 0.14% to the fund's performance. Bank of America (BAC) also performed well with a return of 1.38%, adding 0.07%
The MarketReader Minute
(VGT) has seen notable contributions from several of its top holdings. Apple (AAPL) increased modestly, contributing positively to the fund's performance.
The MarketReader Minute
Some of the largest macro moves in the market today include: Gold +0.8%. US Dollar Index +0.4%. geopolitical tensions continue influencing investor behavior which are contributing to safe-haven demand for assets like gold while pressuring equity indices globally.
