🚨 MARKET SNAP: TECH & BANKS LEAD WALL STREET RALLY 📈
Wall Street snapped a two-day losing streak as major tech and bank stocks bounced back, driven by strong earnings and upbeat jobs data. (Reuters)
💡 What’s Driving the Rally
🔥 Tech strength: Taiwan Semiconductor (TSMC) posted record profits, lifting chip names and broader tech sentiment. (Reuters)
🏦 Banks surge: Goldman Sachs, Morgan Stanley, BlackRock and other financials climbed after solid results. (Reuters)
📊 Jobs data boost: Lower than expected jobless claims strengthened the dollar and reinforced confidence in U.S. growth. (Reuters)
📉 Commodities & Safe Havens
🟡 Gold retreats: After hitting recent highs, bullion eased as geopolitical risk softened and the dollar firmed. (Investing.com South Africa)
🛢️ Oil slides: Prices fell sharply as fears of Iran conflict eased and risk premiums dropped. (Investing.com South Africa)
🔥 Key Index Moves
• S&P 500 — modest gains
• Nasdaq — lifted by chips and tech stocks
• Dow Jones — broad strength led by financials
🧠 MARKET TAKEAWAYS
🔹 Risk assets rebound as uncertainty fades
🔹 Tech + finance stocks lead the upward rotation
🔹 Safe havens like gold lose steam on macro enthusiasm
🔹 Dollar strength adds pressure on commodities
📌 Traders remain alert — any new macro or geopolitical signal can quickly shift sentiment again.
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