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Symbols
Symbols
Price
Change
% Change
Trend
Prev Close
Open
High
Low
Volume
Mkt Cap
SIXT
Technology
SIXT
Technology
SIXT
+2.22%
3,784.91
+82.25
+2.22%
3,702.663,762.063,793.933,757.63
SIXY
Discretionary
SIXY
Discretionary
SIXY
+1.12%
2,247.80
+24.97
+1.12%
2,222.832,252.892,264.732,243.47
SIXU
Utilities
SIXU
Utilities
SIXU
+0.86%
838.99
+7.17
+0.86%
831.82833.96840.38831.76
SIXB
Materials
SIXB
Materials
SIXB
+0.69%
1,073.89
+7.37
+0.69%
1,066.521,071.931,078.861,069.71
SIXE
Energy
SIXE
Energy
SIXE
+0.65%
1,349.64
+8.74
+0.65%
1,340.901,336.961,350.731,331.74
US market summary
Major equity benchmarks staged a sharp turnaround following an initial selloff caused by the Federal Reserve's recent interest rate hike. Investors initially panicked over hawkish comments from central bank leadership regarding the path of inflation, but a subsequent dip in Treasury yields fueled a tech-led recovery.
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Crude Oil Sinks Following Supply Route Optimism
Crude oil futures notched a third consecutive daily decline, slipping to around $100 a barrel for West Texas Intermediate and under $104 for Brent. The drop comes as energy markets absorb news of alternative logistical routes in the Middle East and assurances from Saudi Arabia regarding pipeline infrastructure repair.
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Gold Rebounds via Falling Energy Prices and Easing Yields
Spot gold reversed its post-Fed losses to trade sharply higher, hovering near $4,385 per ounce. The precious metal found renewed support as cooling energy markets alleviated immediate inflation fears, lowering the pressure on non-yielding assets.
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Bitcoin Holds Steady as Market Absorbs Fed Hike
Bitcoin prices stabilized around the $76,300 mark, showing minimal volatility despite macroeconomic headwinds. Crypto market analysts suggested that institutional spot traders had already heavily anticipated the central bank's latest 25-basis-point interest rate increase.
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