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Market Commentary
Chip Rout and Rising Yields Weigh on the Tape
Indexes closed lower with Nasdaq leading the decline as semiconductors sold off hard and Treasury yields pushed higher amid oil strength and lingering geopolitical tension. SPY finished the session near 767.5, down roughly 0.7% from Monday’s close. QQQ absorbed the...
read moreTape Eases Under Selective Pressure
Indexes closed modestly lower with light relative volume as hardware names continued to distinguish themselves from the broader tape. The major averages finished the Monday session under mild pressure. SPY closed at 772.67, down 0.47 percent. QQQ ended at 729.87, off...
read moreSmall caps lead, energy highs
Small Caps Hold the High Ground Energy and communications carve new highs as the broader tape digests soft retail data and an oil spike. The major indexes paused just off record territory on Friday. SPY slipped 0.2% to close at 776.34 after the prior session’s...
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