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Market Commentary
Tape Firms on Friday Rebound
Indexes trim weekly losses as materials and healthcare provide selective leadership after a pressure-filled week. The major averages closed higher on Friday, August 21, recovering a portion of the week’s damage. SPY finished at 765.72, up 0.41 percent. QQQ closed at...
read moreIndexes Slip as Yields Press Higher
SPY and QQQ ease lower while IWM underperforms on the session. Equities finished lower Thursday as Treasury yields continued climbing, weighing on risk assets despite the Treasury’s ongoing debt operations. SPY closed near 762.60–763.20, down roughly 0.8% from...
read moreHealthcare Leadership Steadies the Tape
SPY grinds higher while biotech catalyst and FOMC minutes set the tone; QQQ lags, IWM holds firm. The session closed with a measured advance in the broad market after the prior day’s tech pressure. SPY finished near 769.10, up roughly 0.22 percent on the day,...
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