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U.S. Indexes closed mixed on Wednesday, with the NASDAQ 100 reversing early gains to ultimately underperform. ASML’s earnings initially lifted Nasdaq Futures after the company delivered strong Quarterly results. However, the stock reversed course during the US...
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U.S. Indexes closed higher on Tuesday, reversing earlier pressure following the dismal earnings from IBM as a cooler than expected CPI Report helping the market to reverse earlier losses. Following the inflation metrics, which were cooler than expected across all...
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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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U.S. Indexes were mixed with a clear divergence seen, as the tech-heavy NASDAQ 100 was the clear laggard amid broad-based weakness in semiconductor names, although the Mag-7 names notably firmed. Meta (META +8.8%) was the notable outperformer, buoyed by a Bloomberg...
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U.S. Indexes closed green on Tuesday, with outperformance in the NASDAQ 100 driven by strength in the tech sector, while Industrials also rallied. Performance was more mixed elsewhere, however, with the equal-weight S&P 500 closing flat. There was no obvious...
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U.S. Indexes closed higher on Monday, with the NASDAQ outperforming and gaining more than 2% as Semiconductor stocks led the advance. The SOXX ETF posted strong gains after South Korea unveiled a USD 880 billion investment plan for its semiconductor and AI industries....
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U.S. Indexes closed were mixed to end the week, with the NASDAQ 100 underperforming once again. The latest jitters were sparked following reports that OpenAI is leaning towards delaying its IPO until 2027 with CEO Altman insisting on a USD 1 Trillion valuation for the...
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Most US sectors gained on Wednesday, with breadth strong, but the continued tech weakness weighed on indices, leaving SPX and NDX in the red. The AI trade continues to prove volatile in June, with the next catalyst being Micron earnings after the close. Major stock...
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Tuesday was a risk-off session with U.S. Indexes lower across the board. The NASDAQ 100 was the clear laggard while the Dow Jones outperformed, reflecting continued pressure on Technology and AI-related names. Gains in IBM buoyed the Dow after receiving an upgrade at...
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