U.S. Markets: Tech Leads, Consumer Lags
"Markets are never wrong – opinions often are."
— Jesse Livermore
MARKET UPDATE
U.S. Markets: Tech Leads, Consumer Lags
The Morningstar US Market Index gained 1.65% last week, with technology (+3.13%) and communication services (+2.84%) leading the sectors. Consumer sectors, however, showed weakness, with consumer discretionary down 0.7% and consumer staples flat.
The S&P 500 closed at 5,939.30, the Nasdaq at 19,298.45, and the Dow at 42,319.74. The Russell 2000 gained 1.5% for the week, while the Nasdaq and S&P 500 posted modest weekly gains of 1% and 1.1%, respectively.
Markets at a Glance (Last Week):
S&P 500: 5,939.30 ▲ +1.1%
Dow Jones: 42,319.74 ▲ +0.3%
Nasdaq: 19,298.45 ▲ +1.0%
Russell 2000: 2,120.60 ▲ +1.5%
VIX (Volatility Index): 12.8 – Calm… for now.
TRENDING
🚀 Trending Stocks
Rocket Lab (RKLB)
Gained attention as a potential alternative to SpaceX, with its Neutron rocket and strong government ties positioning it for growth in the national defense sector.Broadcom (AVGO)
Rival to Nvidia in the AI chip market, Broadcom is showing strong performance ahead of its upcoming earnings report, with analysts expecting significant revenue and earnings growth.Crispr Therapeutics (CRSP)
Saw a notable increase in its stock price, driven by bullish trends and investor optimism.FuboTV (FUBO)
Continues to perform well, with a year-to-date return of over 220%, driven by its expansion into sports betting and strong user growth.Oklo Inc. (OKLO)
Specializing in advanced nuclear reactor technology, Oklo's stock has risen by 96% this year, supported by policy shifts toward renewable energy and regulatory approvals.
EARNINGS
📊 Earnings on Deck
Monday–Wednesday: Oracle (ORCL), GameStop (GME), Adobe (ADBE)
Wall Street expectations: Focus on AI growth (Oracle), turnaround hopes (GameStop), and digital trends (Adobe).
Global Markets
Silver Shines Amid Volatility
Silver prices hit a 13-year high, driven by increased demand amid global economic uncertainties. Meanwhile, U.S. tech stocks faced resistance due to political volatility and upcoming economic data releases.
📅 Economic Events This Week
Wednesday – U.S. CPI (Consumer Price Index)
All eyes here: A hot read could revive rate hike fears.Thursday – U.S. Jobless Claims
Any uptick may reignite soft-landing narratives.Friday – U.S. Consumer Sentiment Report