Welcome to my weekend updates The U.S. stock market closed the week slightly higher after rebounding from the previous week’s selloff. The biggest story was SpaceX IPO which boosted overall market sentiment. I will write more on this later. Some selective technology and AI related Semiconductor stocks had a big rebound. Based on the latest news, President Trump said a few hours ago on social media that the deal with Iran was “now complete” and he authorized the reopening of the key Strait of Hormuz passageway. The Pakistan Prime Minister said an official signing ceremony would take place on Friday in Switzerland. We will wait and see..But this is a very positive news. Let's take a look to last weeks stock market Indices Performances: • S&P 500: Closed at 7,431.46 on June 12. Weekly gain: +47.72 points, up +0.65% • Dow Jones Closed at 51,202.26. Weekly gain: +335.48 points, up +0.66% • Nasdaq Composite: Closed at 25,8...
Welcome to my weekends updates Last week we saw strong early momentum after May’s rally but a huge sell-off on Friday, driven by a strong U.S. jobs report that raised interest rate concerns and some other factors. Let us first look into the U.S. stock Indices Performance: • S&P 500: Closed at 7,383.74, down -2.64% on the day. It had hit recent highs near 7,620 earlier in the period before pulling back. • Dow Jones Closed at 50,867, down -1.35% . It had gone past 51,000 earlier. • Nasdaq: Closed at 25,709, down a steep -4.18% on Friday, reflecting heavy tech selling. Nasdaq had its worst day since APRIL 2025. The drop of 1,121.53 was the WORST points drop ever in the history of Nasdaq. The technology stocks and particularly semiconductor stocks were hit the hardest as they had appreciated too much. So, what caused this massive drop in the stock market, particularly Nasdaq. First, the non-farm payrolls jumped to 172,000 vs. estimated for 80,000. Unemployme...
By Shesa Nayak Welcome to Shesa’s investment Blog! U.S Stock Market Update After spectacular two months, the month of June delivered a mixed but constructive month for U.S. stocks, characterized by volatility, sector rotation, and continued strength in the broader market. After a powerful spring rally, the market consolidated with signs of healthier breadth as leadership broadened beyond mega-cap technology names. Many individual technology stocks, especially in semiconductors experienced sharp sell-offs last week despite the fact that Nasdaq went up. The rotation t...
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