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Symbols
Price
Change
% Change
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Open
High
Low
Volume
Mkt Cap
SIXY
Discretionary
SIXY
Discretionary
SIXY
+1.45%
2,422.68
+34.60
+1.45%
2,388.082,395.182,434.722,395.18
SIXT
Technology
SIXT
Technology
SIXT
+1.43%
3,786.66
+53.41
+1.43%
3,733.253,780.293,800.923,741.18
SIXB
Materials
SIXB
Materials
SIXB
+1.34%
1,123.25
+14.83
+1.34%
1,108.421,111.551,124.661,108.83
SIXE
Energy
SIXE
Energy
SIXE
-1.18%
1,209.32
-14.45
-1.18%
1,223.771,215.481,220.731,201.37
SIXV
Health care
SIXV
Health care
SIXV
+0.78%
1,673.99
+12.99
+0.78%
1,661.001,659.241,674.511,645.55
US market summary
U.S. stock markets climbed significantly to close out the week, with the S&P 500 rallying 0.62% to hit a new closing record. The tech-heavy Nasdaq Composite outperformed other major benchmarks by jumping 1.30%, while the Dow Jones Industrial Average added 0.28% to finish a highly positive week of trading.
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Unexpected labor contraction cools expectations for rate hikes
A surprising July nonfarm payrolls report showed that the U.S. economy shed 23,000 jobs, contrasting sharply with the growth forecast by economists. This cooling labor market data has mitigated market anxieties over imminent Federal Reserve interest rate hikes, lowering the implied probability of a September rate increase to roughly 44%.
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Tech and chip stocks spearhead broad market rebound
The semiconductor and tech sectors experienced a notable resurgence, driving the Nasdaq to a 5.2% weekly gain. Megacap names like Nvidia recorded substantial recoveries, bolstered by robust quarterly guidance and ongoing commitments to capital expenditures in artificial intelligence infrastructure.
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Corporate earnings reports deliver mixed results alongside massive surges
The latest wave of corporate financial reporting has catalyzed sharp moves for individual equities, highlighted by software developer Atlassian skyrocketing over 35% after beating quarterly profit and revenue projections. Conversely, advertising technology firm Trade Desk plummeted nearly 22% after its future revenue guidance fell short of analyst estimates.
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