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Market Commentary
Tape Firms on Cooler CPI and AI Strength
Indexes advance modestly as leadership concentrates in technology and semiconductors while defensive areas lag. The major averages closed higher Wednesday after the July CPI print came in as expected, with core measures easing slightly. SPY finished around 772.5, up...
read moreEnergy Leads as Indexes Drift
Indexes ease modestly from recent highs while energy catches a clear bid on Hormuz uncertainty. SPY closed essentially flat at 773.03 after Friday’s record territory, down a negligible fraction. QQQ slipped to the low 720s, roughly –0.3%, as selective pressure...
read moreTape Holds Firm as Soft Jobs Data Fuels Broad Advance
Equities pushed higher Friday after a weaker-than-expected employment report cooled rate concerns, with growth and small-caps leading while the S&P 500 notched a fresh high. SPY advanced 0.6 percent and closed at a new all-time high, confirming the broader uptrend...
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