17 Apr 2025, 22:44 GMT+2 ** S&P 500 SPX loses 1.5% due to trade wars and Fed Chairman Powell's warning on economic growth
** The Dow loses 2.7%, the Nasdaq Composite IXIC drops 2.6% ** SPX sees the death cross (link), but it may not be as threatening as it seems, analysts say. Can the benchmark index recover better? ** The Nasdaq Composite still takes a hit due to chip weakness, comments Powell ** The 10-year US Treasury yield US10Y, down more than 15 bps for the week, is now hovering around 4.33%, dropping toward the cloud
** The yield on the 10-year US Treasury US10Y, down more than 15 bps on the week, is now hovering around 4.33%, falling towards the cloud ** In the end, a minority of sectors gave way: Technology, consumer discretionary, and communication services suffer the most damage, while energy and defensive stocks are struggling ** Tech S5INFT drops 3.7%. Apple, computer and chip makers rise on Monday after Trump exempted some electronic items from Chinese tariffs, and Intel gains on the sale of its majority stake in Altera to private equity firm Silver Lake
** Tech drops by 3.7%. Apple, computer and chip manufacturers rise on Monday after Trump exempted some electronic items from Chinese tariffs, and Intel INTC gains on the sale of the majority stake in Altera to private equity firm Silver Lake But Nvidia NVDA collapses after reporting a $5.5 billion hit related to H20 chip regulations, and Advanced Micro collapses because export restrictions affect its MI308 chip
But Nvidia collapses after reporting a $5.5 billion hit related to H20 chip regulations, and Advanced Micro AMD collapses because export restrictions affect its MI308 chip INTC falls on Thursday after rival TSMC 2330 denied talks for a joint venture and after the report that Intel will need licenses to export AI processors to China
** Communication services down by 2.9%. Alphabet GOOG collapses after the US judge ruled that Google holds illegal monopolies in the advertising technology sector ** Healthcare S5HLTH loses 1.2%. UnitedHealth collapses due to the cut in annual profit forecasts, dragging the sector down. UNH collapses by 24% in the week
** Healthcare drops by 1.2%. UnitedHealth UNH collapses due to the cut in annual profit forecasts, dragging the sector down. UNH drops 24% for the week On the opposite front, Eli Lilly LLY rises thanks to the fact that the experimental weight loss pill works just as well in the advanced phase of testing as the successful drug Ozempic from rival Novo Nordisk. LLY achieves a weekly gain of about 15%
On the opposite front, Eli Lilly rises thanks to the fact that the experimental weight loss pill works just as well in the advanced stage of testing as the successful drug Ozempic from rival Novo Nordisk NOVO_B. LLY achieves a weekly gain of about 15% ** Financial stocks SPF fall marginally. Goldman Sachs rises on Monday after the jump in first quarter earnings, while market volatility has led to a record rebound in stock trading
** Financial stocks fall marginally. Goldman Sachs GS rises on Monday after a jump in first quarter earnings, while market volatility led to a record rebound in equity trading Similarly, on Tuesday Bank of America BAC gains after beating earnings estimates thanks to growth in net interest income and the prosperity of equity traders, and Citigroup rises after beating earnings thanks to a jump in trading revenue
Similarly, on Tuesday Bank of America gains after beating earnings estimates thanks to growth in net interest income and the prosperity of equity traders, and Citigroup C rises after beating earnings thanks to a jump in trading revenues For the week, the S&P 500 Banks Index (.SPXBK) is up nearly 1% and the KBW Regional Banking Index KKRX advances by almost 5% But Global Payments GPN plunges 18% for the week after the roughly $23 billion deal to acquire Worldpay
** Energy SPN rises by 3.2%. The sector jumps after the United States issued new sanctions to limit Iranian oil exports, increasing supply concerns ** Meanwhile, bearish individual investors mark a record streak ** SPX performance YTD: Consumer staples 5.8% Utils 2.7% Real estate -0.9% Healthcare -1.6% Materials -3.5% Financials -3.5% Energy -4.5% Industrials -4.9% SPX -10.2% Consumer goods -11.7% Technology -18.4% Discretionary -19.7%
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