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U.S. Indexes rallied following the Democratic sweep in the Midterm elections. The initial reaction overnight was to sell equity futures, but the move was swiftly pared as Louisiana, a state with significant data center exposure, stayed Republican, supporting...
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U.S. Indexes closed mixed on Tuesday, with the NASDAQ 100 leading gains while the S&P 500 and Russell also advanced, although the Dow Jones lagged and the equal-weighted S&P 500 declined. The Nasdaq was supported by a revival in tech stocks following recent...
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U.S. Indexes fell on Monday, driven primarily by a renewed afternoon sell-off in Tech, despite optimism surrounding US-Iran diplomacy. The majority of sectors finished in the green, while the equal-weighted S&P 500 also gained, highlighting positive market...
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U.S. Indexes tumbled on Friday in a tech-led sell-off, which saw the Nasdaq 100 briefly enter correction territory following a slew of woeful tech earnings and updates. Intel (INTC) slumped following weak results, disappointing next-quarter guidance and cautious...
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U.S. Indexes closed higher on Wednesday, with outperformance in the NASDAQ 100, although the equal-weight S&P 500 was flat. Sectors were predominantly firmer, with Tech, Energy and Financials leading, while Utilities, Real Estate and Consumer Staples closed in...
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U.S. Indexes ended higher on Tuesday, as the artificial intelligence trade surged for a second straight session on enthusiasm around Anthropic’s long-awaited initial public offering filing. Investors also geared up for key quarterly reports this week from some...
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U.S. Indexes started the week on the front foot, with semiconductors leading a tentative recovery from the recent AI-driven sell-off. Neoclouds managed to recover and gain despite initial pressure after Elon Musk said debt markets have almost entirely shut off access...
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Breadth reversed on Friday, with Tech seeing a slight rebound after Thursday’s 3% sell-off. Meanwhile, higher oil prices on an increased geopolitical risk premium weighed on cyclical names via higher yields, while benefiting energy names. Earnings continue to...
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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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