The most important techwae from today’s action is that traders should contact development shares with care, especially those who have gathered significantly in recent months. Companies with defensive sector and stable earnings appear to be safe games when the market navigated to transfer the Fed policy, the revenue season and the investor’s spirit.
Today, the US stock market faced remarkable disruption when the development share came under severe pressure, which reduced NASDAQ by about 1.5%. Big names such as Palantir, Oracle, AMD, Applovin and GE Vernova saw a significant decline with some breakthroughs through significant support levels. This wave of sales has concerned investors that the technology and high development area can last a long way can be very fast, making it unsafe for improvement.
At the company’s earnings front, retail names took the spotlight. Target’s share fell between 9-11% in early trade, despite the strong income in the second quarter. The decline was largely operated by Management News, when Targate announced that Coo Michael Fidelke would tread until 2026 as CEOs to replace Brian Cornell. Meanwhile, Lowe delivered better, the expected results, and sent the shares higher by more than 3%. The company not only increased its view, but also revealed the acquisition of $ 8.8 billion of the foundation’s building material, which strengthened the market situation. On the other hand, the LA-Z-Boy became one of today’s biggest loser, which was about 25% due to a weak profit and a disappointing approach.
The results of the market area produced a mixed image. While defensive groups such as development-centered ETFs, IBD 50, ARKK and software-dog IGV fell rapidly, defensive groups such as home builders, health care and economy showed flexibility. This suggests a rotation among investors looking for safe areas in the market in the middle of uncertainty.
All eyes are now at the Federal Reserve. There are minutes from the July meeting, and investors are waiting to hear from Jerome Powell during the upcoming Jackson Hole seminar. With the pricing of the markets currently at 83% of cuts in September, the Fed message will play an important role in the design of the short spirit. At the same time, the return on the US treasury remained stable close to 4.3% and the oil approximately $ 62.60 per barrel, showing investor caution.
The most important techwae from today’s action is that traders should contact development shares with care, especially those who have gathered significantly in recent months. Companies with defensive sector and stable earnings appear to be safe games when the market navigated to transfer the Fed policy, the revenue season and the investor’s spirit.