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Symbols
Symbols
Price
Change
% Change
Trend
Prev Close
Open
High
Low
Volume
Mkt Cap
SIXT
Technology
SIXT
Technology
SIXT
-1.60%
3,738.36
-60.80
-1.60%
3,799.163,785.433,798.053,735.23
SIXC
Communications
SIXC
Communications
SIXC
+1.35%
590.07
+7.86
+1.35%
582.21582.21592.83582.21
SIXU
Utilities
SIXU
Utilities
SIXU
-1.14%
861.24
-9.97
-1.14%
871.21873.13874.22858.20
SIXY
Discretionary
SIXY
Discretionary
SIXY
+1.12%
2,368.04
+26.31
+1.12%
2,341.732,352.832,375.082,351.47
SIXI
Industrials
SIXI
Industrials
SIXI
-0.97%
1,784.25
-17.39
-0.97%
1,801.641,805.131,807.491,779.50
US market summary
Federal Reserve Chairman Kevin Warsh delivered a hawkish address emphasizing the central bank's ongoing battle against inflation. The explicit commentary prompted market participants to sharply raise the implied probability of a September interest rate hike to nearly 60%, driving up short-term U.S. Treasury yields.
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Wall Street logs weekly gains despite Friday retreat
Major U.S. stock indexes drifted slightly lower on Friday as growth and technology names pulled back into the weekend. However, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all secured positive overall performance for the week, supported by robust corporate earnings earlier in the period.
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Corporate earnings spotlight corporate shifts for Salesforce and Gap
Salesforce shares jumped over the week following strong fiscal second-quarter financial results and an upgraded full-year outlook. Meanwhile, retail brand Gap saw its shares advance after appointing a new CEO for its Old Navy division and raising its annual profit guidance.
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Nvidia outlook fails to lift broader semiconductor sector
Despite a strong earnings performance and an upbeat revenue guidance that briefly boosted its own stock, Nvidia was unable to sustain a rally for the broader semiconductor industry. Heavyweight chip components like Marvell Technology fell significantly, dragging down specialized sector exchange-traded funds.
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