The MarketReader Minute
Booking Holdings (BKNG) and D.R. Horton (DHI) reported minor negative contributions, as did Tesla (TSLA), which experienced a slight decrease. Overall, these movements reflect a consistent downward trend among key constituents of the ETF, impacting its overall performance.
The MarketReader Minute
Among its top holdings, Exxon Mobil (XOM), Marathon Petroleum (MPC), Halliburton (HAL), Devon Energy Corp (DVN), and Baker Hughes Co (BKR) all posted negative returns, contributing to the fund's performance.
The MarketReader Minute
The most significant market event currently is the anticipation of a Federal Reserve interest rate decision, with expectations split between a 25 or 50 basis point cut.
The MarketReader Minute
Wells Fargo (WFC) announced a partnership with Volkswagen Financial Services to enhance vehicle financing options in the U.S. Bank of America (BAC) appointed Johnbull Okpara as its Chief Accounting Officer, transitioning leadership from Citigroup.
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Ascendis Pharma A/S (ASND) experienced a notable stock increase following positive results from the ApproaCH Trial, which demonstrated superior growth velocity in children with achondroplasia.
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Key contributors to this performance include Microsoft (MSFT), which announced a 10% increase in its quarterly dividend to 0.83 per share and a new $60 billion share repurchase program, coinciding with its annual shareholders meeting scheduled for December 10, 2024.
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Some of the largest macro moves in the market today include: Bitcoin +1.9%. Some of the largest moves among US mega-cap stocks include: Microsoft Corp (MSFT) +1.8%.
The MarketReader Minute
Key contributors to VGT's performance include Apple Inc., which faced significant challenges due to lower-than-expected demand for its iPhone 16 Pro and Pro Max models, resulting in a notable negative return.
The MarketReader Minute
Ascendis Pharma A/S (ASND) experienced a notable stock increase following positive results from the ApproaCH Trial, which demonstrated superior growth velocity in children with achondroplasia.
The MarketReader Minute
Some of the largest macro moves in the market today include: US Dollar Index -0.4%. Some of the largest moves among US mega-cap stocks include: Apple Inc (AAPL) -2.4%. Broadcom Inc (AVGO) -1.6%. The most significant market event currently is the anticipation of central bank decisions.
The MarketReader Minute
Oil prices have rebounded, with Brent crude rising to $72.43 per barrel and West Texas Intermediate reaching $68.60 per barrel, amid concerns over supply disruptions from Hurricane Francine, which has impacted 42% of U.S. Gulf of Mexico output.
The MarketReader Minute
Key contributors to this performance include Tesla (TSLA), which rose significantly, followed by Amazon (AMZN) and Home Depot (HD), both showing positive returns. Booking Holdings (BKNG) and D.R. Horton (DHI) also contributed to the overall gain, albeit to a lesser extent.
