Latest updates reversed earlier optimism around another round of talks between US and Iran (and investors wanting to be done with geopolitics).
Big tech mostly lower, though semis, software fared better.
Laggards included A&D (NOC-US, GE-US, RTX-US), cruise lines, airlines, payments, exchanges, apparel retail, pharma, and China tech.
Outperformers included energy, managed care (UNH-US), homebuilders (DHI-US), PE, networking/IT equipment, memory, and discounters/staples retailers.
Stocks down, yields up, oil up after latest doubts around Iran de-escalation with report VP Vance called off trip to Pakistan for second round of talks with Tehran.Tech in the headlines with AAPL-US CEO transition and the enhanced partnership between AMZN-US amazon stock and Anthropic ($25B investment in Anthropic, $100B commitment to AWS).
Big pickup in earnings today with elevated beats, muted guidance and mixed price action. Economic calendar delivered another round of firmer data in key areas such as consumption and jobs.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
