The MarketReader Minute
(VGT) is under pressure following President Trump’s announcement of new 25% tariffs on imports from Japan and South Korea. Samsung’s Q2 profit dropped due to shipping delays of memory chips used in NVIDIA’s systems. Intel also announced job cuts amid operational streamlining.
The MarketReader Minute
Market Uncertainty Rises Amid New U.S. Tariffs and Weakening German Economic Data, While Japan's Surplus Exceeds Expectations.
The MarketReader Minute
U.S. Job Growth Surges as Unemployment Falls to 4.1%, While ECB Signals Caution Amid Trade Tensions and Inflation Concerns.
The MarketReader Minute
Tech stocks surged after a stronger-than-expected U.S. jobs report pushed back Fed cut hopes but signaled economic strength. VGT rose 1.5%, led by Microsoft, NVIDIA, and Apple.
The MarketReader Minute
U.S. Job Growth Surges as Unemployment Falls to 4.1%, While ECB Signals Caution Amid Trade Tensions and Inflation Concerns.
The MarketReader Minute
Financials slipped, weighed down by Visa, Mastercard, and Chubb. Broader market breadth remained positive, but investor sentiment toward large-cap banks stayed cautious. Regional banks outperformed, with KRE supported by dividend hikes.
The MarketReader Minute
(XLY) advanced by 0.8% today, tracking broad market strength despite a surprise job decline in U.S. private sector employment. Easing rate expectations supported risk-on sentiment, while top holdings Tesla and Nike buoyed the ETF.
The MarketReader Minute
VGT rose after U.S. private sector employment data showed a surprise drop, reinforcing expectations of Fed rate cuts. NVIDIA led gains amid a surge in the SOX index and AI-driven momentum, nearing a $4T market cap. Apple and Broadcom also supported the fund’s advance.
The MarketReader Minute
U.S. Labor Market Deteriorates with 33,000 Job Losses in June; European Unemployment Rises Amid Political and Fiscal Challenges.
The MarketReader Minute
The iShares Biotechnology ETF advanced, led by Amgen’s upgrade to Overweight at Piper and Vertex’s EU approval for a cystic fibrosis therapy. MESO surged over 10% after aligning with the FDA on critical Revascor application components, drawing increased social media attention.
The MarketReader Minute
XLY advanced modestly as the U.S. dollar posted its worst half-year performance since 1991, bolstering equity sentiment. Home Depot reached a five-week high and Amazon gained ahead of Prime Day. Social media reflects renewed attention on XLY, despite some dismissive tones.
The MarketReader Minute
VGT declined amid notable weakness in top holdings. NVIDIA, Broadcom, Microsoft, AMD, and Palo Alto Networks contributed to the pullback, with Broadcom under pressure after insider selling and competition from Arista Networks. AMD gained attention following a large purchase by ARK Invest.
