Renewed geopolitical risk, rising oil prices, and disappointing reactions to mega-cap earnings gave investors plenty to digest this week. The two biggest market headlines this week were GOOGL’s capex spending and renewed escalation in the Middle East. More on the GOOGL spending below. Brent crude traded above $100 per barrel, while the U.S. benchmark, West […]
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Wall Street’s major averages declined this week after a continuous sell-off in semiconductor stocks rattled the markets, while tensions in the Middle East persisted. A rotation from semiconductor investments was a big theme of the week that was, with real estate and energy sectors in the S&P 500 advancing while communication services, utilities, and information […]
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SECOND QUARTER EARNINGS The U.S.-Iran war seemingly erupted again this week, but the market ultimately shrugged it off. The S&P 500 rose to end just short of a record high on Friday, as a blockbuster Nasdaq debut of South Korea’s SK Hynix fueled optimism about memory-chip makers, while investors looked ahead to quarterly earnings season kicking […]
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