US Market Broadly Higher as Commodities and Health Care Rally, Fed Signals a 25-Basis-Point Rate Hike in July

MARKETS TODAY June 15th, 2023 (Vica Partners) On Wednesday, US markets finished mixed, S&P 500 +0.12%, DOW -0.68% and the Nasdaq +0.39%. 7 of 11 of the S&P 500 sectors lower: Information Technology +1.14% outperforms/ Health Care and Energy both respectively -1.12% lag. On the upside, FANG+, Semiconductor ETF (SOXX), Mega Cap Growth and the … Read more

Wall Street Mixed as Fed Holds Rates, Key Market Makers Ramp Up Credit Bets

MARKETS TODAY June 14th, 2023 (Vica Partners) On Tuesday, US markets finished higher, S&P 500 +0.69%, DOW +0.43% and the Nasdaq +0.83%. 10 of 11 of the S&P 500 sectors advancing: Materials +2.33% outperforms/ Utilities -0.06% lags. On the upside, Russell 2k, SPDR S&P Banking ETF (KRE), Treasury Yields, Oil and the Bloomberg Commodity Index. … Read more

US Indices Rally on CPI Data Beat, Materials Jump on China Stimulus News

MARKETS TODAY June 13th, 2023 (Vica Partners) On Monday, US markets finished higher, S&P 500 +0.93%, DOW +0.56% and the Nasdaq +1.53%. 8 of 11 of the S&P 500 sectors advancing: Information Technology +2.07% outperforms/ Energy -0.97% lags. On the upside, NY FANG+, iShares Semiconductor ETF (SOXX) and the USD Index. In economic news scheduled … Read more

Wall Street Ends Moderately Higher Friday, Russell 2000 Outperforming the S&P 500 in June

MARKETS TODAY June 9th, 2023 (Vica Partners) Yesterday, US markets finished higher, S&P 500 +0.62%, DOW +0.50% and the Nasdaq +1.02%. 7 of 11 of the S&P 500 sectors advancing: Information Technology +1.20% outperforms/ Real Estate -0.62% lags. On the upside, NY FANG+, Gold, Bitcoin and the Bloomberg Commodity Index. In economic news, Initial Claims … Read more

Nasdaq and Big Tech Bounce Back, Volatility Index (VIX) Lowest Close Since 2020

MARKETS TODAY June 8th, 2023 (Vica Partners) Yesterday, US markets finished mixed, S&P 500 -0.38%, DOW +0.27% and the Nasdaq-1.29%. 6 of 11 of the S&P 500 sectors lower: Energy +2.65% outperformed/ Communication Services -1.87% lagged. On the upside, Russell 2k, Treasury Yields, Brent oil and the Bloomberg Commodity Index. In economic news, trade deficit … Read more

Dow Gains as Energy Sector Rebounds, Mega Cap Tech Loses Early Gains and Selloff Late in Session

MARKETS TODAY June 7th, 2023 (Vica Partners) Yesterday, US markets finished higher, S&P 500 +0.24%, DOW +0.03% and the Nasdaq +0.36%. 6 of 11 of the S&P 500 sectors advance: Financials +1.33% outperforms/ Health Care -0.88% lags. On the upside, Russell 2k/ Small Cap Stocks, USD Index, Gold, Bitcoin and the Bloomberg Commodity Index.  In … Read more

Wall Street Rises as Regional Banks Lead Market Rally, Bitcoin Unexpectedly Jumps 5%

MARKETS TODAY June 6th, 2023 (Vica Partners) Yesterday, US markets finished lower, S&P 500 -0.20%, DOW -0.59% and the Nasdaq -0.09%. 8 of 11 of the S&P 500 sectors declined: Communication Services +0.58% outperforms/ Industrials -0.71% lags. On the upside, FANG+, Gold and Brent Crude In economic news, S&P Global US Composite PMI for May … Read more

Wall Street Ends Lower as Market Reprices No Fed Rate Cuts, ISM Services Report Renews Recession Fears

MARKETS TODAY June 5nd, 2023 (Vica Partners) Last Friday, US Markets finished sharply higher, S&P 500 +1.45%, DOW +2.12% and the Nasdaq +1.07%. All 11 of the S&P 500 sectors higher: Materials +3.37% outperforms/ Communication Services +0.10% lags. On the upside, Russell 2k Treasury Yields, USD Index, Oil and Bitcoin. In economic news, headline Jobs … Read more