The MarketReader Minute
U.S. CPI rises to 2.8% amid tariff concerns, while Asian markets rally on eased U.S.-China trade tensions and fiscal stimulus optimism.
The MarketReader Minute
VGT fell as weakness in Apple, Intuit and Adobe pressured the tech sector, mirroring broader market declines. Monday.com plunged despite beating Q2 estimates, as softer Q3 guidance and analyst downgrades fuelled heavy selling.
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U.S. inflation data set to influence markets as analysts predict CPI rise and potential Fed rate cuts amid mixed European signals and ongoing geopolitical tensions.
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Tech stocks gained with VGT up, led by Apple, Nvidia, and Cisco. A new 100% tariff on semiconductor imports favors U.S. manufacturers, while soft labor data fuels expectations of Fed rate cuts, boosting growth sentiment across the sector.
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Financials lead with a rise as funding pressures ease and credit quality holds steady. Trump's new 401(k) order and central bank rate cuts fuel sector optimism, while JP Morgan and Mastercard make strategic global moves.
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XLY rises amid broader market gains. Tesla's Texas rideshare license and Dollar General's Uber delivery deal support performance, despite tariff and labor market headwinds.
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Canada's unemployment steady at 6.9% amid job losses, while Japan considers interest rate hikes and U.S. tariffs create uncertainty for Fed policies.
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IBB slipped 0.36% as Trump’s 100% tariff on foreign-made semiconductors stirred fears of broader sector fallout. Vertex and Vaxcyte weighed on performance, while inflation concerns and a soft labor market added pressure.
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XLF dropped, leading sector underperformance amid dovish Fed signals and tariff fears. Major banks like JPMorgan, Visa, and Mastercard declined as rising jobless claims and economic uncertainty weighed on financials.
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Consumer discretionary stocks slipped as new tariffs and weak labor data weighed on sentiment. XLY fell 0.6%, led by declines in Airbnb, Amazon, and Tesla, while broader markets reacted to underwhelming wholesale inventory growth and fears of Fed rate cuts.
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Vanguard’s Information Tech ETF slid 0.3% after Trump announced a 100% tariff on foreign-made semiconductors. While Apple pledged \$100B to U.S. manufacturing, rising jobless claims weighed on sentiment. Microsoft slipped; Oracle gained on cloud strength.
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Bank of England Cuts Interest Rate to 4% Amid Inflation Concerns, While U.S. Jobless Claims Rise and Germany's Industrial Production Declines Sharply.
