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arrow_downward Symbols arrow_downward Symbols | arrow_downward Price | arrow_downward Change | arrow_downward % Change | Trend | arrow_downward Prev Close | arrow_downward Open | arrow_downward High | arrow_downward Low | arrow_downward Volume | arrow_downward Mkt Cap | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SIXT Technology | SIXT -1.60% arrow_downward | 3,738.36 | -60.80 arrow_downward | -1.60% arrow_downward | — | 3,799.16 | 3,785.43 | 3,798.05 | 3,735.23 | — | — |
SIXC Communications | SIXC +1.35% arrow_upward | 590.07 | +7.86 arrow_upward | +1.35% arrow_upward | — | 582.21 | 582.21 | 592.83 | 582.21 | — | — |
SIXU Utilities | SIXU -1.14% arrow_downward | 861.24 | -9.97 arrow_downward | -1.14% arrow_downward | — | 871.21 | 873.13 | 874.22 | 858.20 | — | — |
SIXY Discretionary | SIXY +1.12% arrow_upward | 2,368.04 | +26.31 arrow_upward | +1.12% arrow_upward | — | 2,341.73 | 2,352.83 | 2,375.08 | 2,351.47 | — | — |
SIXI Industrials | SIXI -0.97% arrow_downward | 1,784.25 | -17.39 arrow_downward | -0.97% arrow_downward | — | 1,801.64 | 1,805.13 | 1,807.49 | 1,779.50 | — | — |
US market summary
Wall Street edges lower following hawkish Jackson Hole speech
Major U.S. equity benchmarks closed slightly down on Friday following the debut speech of new Federal Reserve Chairman Kevin Warsh. The S&P 500 slipped 0.2% and the Nasdaq Composite shed 0.5% as the central bank chief underscored a stringent focus on returning inflation to target, fueling broader investor expectations of a potential interest rate hike in September.
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Marvell Technology leads a tech selloff despite beating expectations
Shares of Marvell Technology plummeted over 10% on Friday even though the semiconductor supplier posted quarterly results that outperformed analyst estimates and raised its future revenue guidance. Wall Street's reaction highlights the extraordinarily elevated benchmark investors are maintaining for tech companies connected to artificial intelligence.
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Treasury yields advance as rate hike expectations jump
The bond market witnessed notable swings as traders aggressively adjusted their projections for near-term monetary policy, pricing in a roughly 60% probability of a rate increase next month. The shifts pushed the short end of the yield curve noticeably higher, with the 2-year Treasury yield surging up to 4.348%.
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Precious metals slide on the prospect of tighter monetary policy
Spot gold prices fell more than 3% on Friday to settle around $4,454 per ounce, pulling away from recent highs. The drop reflects a broader retreat for non-yielding commodities as a strengthening U.S. dollar and escalating bond yields dented alternative asset appeal.
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Upcoming earnings
Tue
1
Medtronic plc
fitbit_today7:45 AM EDT Fiscal Q1 2027
Period
Fiscal Q1 2027
EPS est.
$1.39
Rev est.
9.5B
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