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U.S. Indexes closed lower on Monday, with the NASDAQ 100 the clear underperformer as Technology led the broader market lower. The weakness in Tech was driven by sharp losses in memory names (DRAM -c. 9%) and semiconductor stocks (SOXX -5%) amid concerns surrounding SK...
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U.S. Indexes closed higher on Friday, with only healthcare trading in the red. Breadth was strong, led in Materials, Staples, and Communications. A rally in Meta supported the Comms sector despite a slight downside in Alphabet following Zuckerberg saying the new model...
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U.S. Indexes ultimately closed mixed on Wednesday, with the NASDAQ 100 in the green while the S&P 500 finished marginally lower. The Dow and Russell 2000 were the clear laggards. Sector performance was predominantly weaker, although Technology and Energy closed...
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U.S. Indexes closed lower sold on Tuesday, with the NASDAQ 100 the clear underperformer as Technology led the downside, particularly across Semiconductor and memory names. The primary catalyst was Samsung’s preliminary Q2 earnings, which disappointed lofty...
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U.S. Indexes closed higher on Monday following the long Independence Day weekend, with the NASDAQ outperforming as Technology led the advance. Semiconductor stocks were among the strongest performers (SOXX +3%), while memory names rallied around 7% ahead of...
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U.S. Indexes closed mixed on Thursday, with the Dow the only major Index to finish in positive territory while the NASDAQ 100 closed lower and the S&P 500 flat. Although the softer-than-expected June Non-Farm Payrolls Report saw traders pare Fed rate hike...
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