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Symbols
Symbols
Price
Change
% Change
Trend
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Open
High
Low
Volume
Mkt Cap
SIXI
Industrials
SIXI
Industrials
SIXI
-3.24%
1,780.23
-59.57
-3.24%
1,839.801,828.101,828.101,778.49
SIXT
Technology
SIXT
Technology
SIXT
-2.65%
3,353.87
-91.39
-2.65%
3,445.263,441.973,474.323,353.37
SIXE
Energy
SIXE
Energy
SIXE
+1.89%
1,234.17
+22.87
+1.89%
1,211.301,223.171,248.481,223.17
SIXM
Financials
SIXM
Financials
SIXM
-1.57%
698.63
-11.14
-1.57%
709.77707.94708.45697.84
SIXU
Utilities
SIXU
Utilities
SIXU
-1.35%
909.06
-12.40
-1.35%
921.46924.99925.89906.11
US market summary
The Federal Reserve opted to maintain its benchmark interest rate between 3-1/2 and 3-3/4 percent, a decision accompanied by three dissenting votes in favor of a hike. The subsequent press conference with Chairman Kevin Warsh fueled investor uncertainty due to a tight communication style devoid of forward guidance, triggering a steep drop across major indexes.
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Microsoft earnings counter artificial intelligence expenditure concerns
U.S. stock futures began stabilizing following a heavy market rout, largely buoyed by Microsoft's strong fiscal projections. The technology giant reported a 31% surge in profit and offered a lower capital expenditure forecast than Wall Street anticipated, mitigating broader anxieties surrounding massive corporate investments in AI.
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Long-dated Treasury yields soar to multi-decade highs
Yields on long-term U.S. government debt surged dramatically, with the 30-year Treasury yield hitting its highest point since 2007 at 5.23%. The sharp bond market selloff reflects intensifying investor worries about persistent inflation and growing skepticism over the central bank's strategy to address it.
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Geopolitical conflict and domestic retaliatory strikes drive oil prices higher
Crude oil benchmarks advanced amid escalating Middle East tensions following U.S. retaliatory military strikes against Iran. Brent crude climbed to approximately $90 per barrel, representing a significant premium since the onset of the regional conflict and further complicating the macroeconomic inflation outlook.
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