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U.S. Indexes closed higher with SpaceX (SPCX +7.8%) beating earnings and guidance expectations, helping sentiment; Super Micro (SMCI +9.6%) also beat on earnings and sharply raised its Q1 outlook. Tech, Industrials and Financials led gains, while Communications was...
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U.S. Indexes closed higher as breadth outside of AI-related names was strong, with Healthcare setting fresh Year-To-Date highs. Other gains were seen in Utilities, Financials and Consumer Discretionary. Meanwhile, Communications underperformed on Alphabet and Meta...
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U.S. Indexes rebounded to start the week as AI concerns eased over the weekend, although breadth was poor outside of AI names. As such, hyperscaler and mega-cap names drove gains within Tech and Consumer Discretionary (AMZN +5%, named a top pick at MS), while...
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U.S. Indexes were sold across the board on Friday, with the NASDAQ 100 underperforming as the rout in technology, AI, chip and memory stocks continued. Reports that Anthropic’s valuation expectations had been lowered to USD 1.5 trillion from USD 2 trillion added...
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U.S. Indexes closed lower on Wednesday, with initial pressure following the hotter-than-expected US CPI report, particularly in the core metrics. Meanwhile, AI concerns continued to mount, with further weakness in memory stocks, while concerns over AI-related...
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U.S. Indexes closed mixed, as the tech-heavy Nasdaq 100 lagged and was once again weighed on by losses in memory names, highlighted by the memory ETF DRAM closing with losses in excess of 3%. The move follows a sharp decline in the Kospi overnight, following...
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U.S. Indexes were closed Monday for the Columbus Day Bank Holiday. The only news of note was a speech from Fed Member Hammack: Treasury rates right now are “modest” by historic standards. If the economy were to return to a 3% home mortgage it would likely mean...
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U.S. Indexes closed higher on Friday, with tech names putting Thursday’s Financial Times article on Open AI in the rearview. Real Estate, Consumer Discretionary, and Healthcare outperformed, meanwhile, Communications underperformed following SpaceX competition...
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U.S. Indexes finished lower on Wednesday in relatively broad-based weakness, with the Russell 2000 and equal-weight S&P 500 underperforming the major Indices. The Dow also lagged, while the S&P and NDX saw more modest losses. Sectors were predominantly...
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U.S. Indexes mainly closed in the green amid risk-on trade, although the Russell 2000 lagged and saw losses. Given the sentiment, all sectors, aside from Health, saw gains, with Utilities and Consumer Discretionary outperforming as the former was buoyed by...
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U.S. Indexes rallied on Monday, with broad-based gains across the major US indices, including the equal-weight S&P 500. Sectoral performance was also strong, with all sectors closing higher aside from Real Estate, while Materials, Communication Services and...
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U.S. Indexes closed the final session of the week in the green, as did all sectors, with Consumer Discretionary and Materials the outperformers. The key risk event on Friday was the soft US Payrolls Report, as the headline underwhelmed, and the Unemployment rate rose,...
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U.S. Indexes closed mixed on Wednesday, with notable NASDAQ outperformance, while the SPX saw mild gains, RUT was flat and DJI lower, with the equal-weight S&P also declining. The majority of sectors were lower, led by Consumer Staples, Health Care and Real...
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U.S. Indexes closed mixed, as the tech-heavy NASDAQ 100 outperformed, and ended with gains, as Oracle saw strength amid reports that OpenAI’s annual recurring revenue is reportedly close to USD 70 billion, a steep increase from earlier reports of an annualised...
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