Market Indicators
This week, key market indexes showed mixed results with continuing volatility led by fear gauge fluctuations. Despite some pressure, major indexes mostly maintained their ground by the close of the week. The overall market Sentiment is neutral as investors weigh economic data against geopolitical concerns.
| Index | Close Price (6/27) | Close Price (7/3) | Weekly Change (%) |
|---|---|---|---|
| GSPC.INDX | $6173.07 | $6279.35 | 1.74% |
| NDX.INDX | $22534.20 | $22866.97 | 1.47% |
| VIX.INDX | $16.32 | $16.38 | 0.37% |
Current Market News
- Fed Signals Caution: The Federal Reserve hinted at a gradual approach to future rate hikes amid inflation uncertainties.
- Tech Earnings Beat Expectations: Major tech companies reported stronger than expected quarterly earnings driving sector optimism.
- Geopolitical Tensions Rise: Renewed tensions between major powers created localized market volatility.
- Consumer Spending Data Released: Retail sales data showed moderate growth, supporting economic expansion hopes.
- Energy Prices Stabilize: Oil and gas prices steadied after weeks of fluctuation, reducing input cost fears for many sectors.
Upcoming Economic Events
- July 7, Monday: Non-Farm Payrolls Report – Employment data expected to reflect steady job growth, impacting market direction.
- July 8, Tuesday: Consumer Price Index (CPI) – Inflation readings anticipated to clarify price pressures facing the economy.
- July 9, Wednesday: Federal Reserve Meeting Minutes – Insights into central bank discussions on monetary policy.
- July 10, Thursday: Weekly Initial Jobless Claims – Labor market health gauge potentially influencing investor confidence.
- July 11, Friday: Retail Sales Report – Key indicator of consumer spending trends critical for economic outlook.
Symbols to Watch
| Symbol | Close Price (6/27) | Close Price (7/3) | Weekly Change (%) |
|---|---|---|---|
| MSTR | $383.88 | $403.99 | 5.22% |
| TSLA | $323.63 | $315.35 | -2.57% |
| PLTR | $130.74 | $134.36 | 2.76% |
| HIMS | $49.41 | $47.98 | -2.89% |
| MSFT | $495.94 | $498.84 | 0.58% |
| AMZN | $223.30 | $223.41 | 0.05% |
| GOOGL | $178.53 | $179.53 | 0.56% |
| META | $733.63 | $719.01 | -2.02% |
| NVDA | $157.75 | $159.34 | 1.01% |
| IBIT | $60.72 | $62.19 | 2.43% |
MSTR: Strong pick led by a robust 5.22% weekly gain indicating bullish momentum amid tech sector recovery. Sentiment: bullish
TSLA: Slight decline of 2.57% shows some near-term profit-taking in an otherwise volatile EV market. Sentiment: neutral
PLTR: Moderate 2.76% increase driven by renewed enterprise interest in data analytics. Sentiment: bullish
HIMS: Minor drop of 2.89% reflecting sector pressures but stabilizing near recent lows. Sentiment: neutral
MSFT: Modest 0.58% rise consistent with steady fundamentals and positive earnings outlook. Sentiment: bullish
AMZN: Flat weekly performance signaling cautious sentiment despite solid revenue streams. Sentiment: neutral
GOOGL: Slight gain supports continued growth expectations in cloud and advertising segments. Sentiment: bullish
META: 2.02% dip showing profit taking amid regulatory uncertainties and social media dynamics. Sentiment: neutral
NVDA: Small 1.01% rise driven by AI sector demand remains encouraging. Sentiment: bullish
IBIT: Increasing by 2.43% reflects broader market risk-on mood in industrial sectors. Sentiment: bullish