Tech Leads In A Narrow Market
Tech stocks did the heavy lifting as rising yields and the first factory-output drop of the year keep the rest of the market on its heels
Tech stocks did the heavy lifting as rising yields and the first factory-output drop of the year keep the rest of the market on its heels
U.S equities are mixed Friday morning with Tech names providing some boost while other names lagged as bond yields rebounded.
A toxic mix of a potential slowing in AI spending, rising oil prices, and increased Fed rate hike bets see markets fall, but they end well off the lows.
Plus, we’re looking through the July CPI report and other headlines moving stocks this morning.
Let’s dig in to the sentiment, options, and momentum indicators.
We have the biggest weekly gains since April, but a number of negative catalysts are lurking.