đš MARKET SNAP: TECH & BANKS LEAD WALL STREET RALLY đ
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)
đĄ Whatâs Driving the Rally
đ„ Tech strength: Taiwan Semiconductor (TSMC) posted record profits, lifting chip names and broader tech sentiment. (Reuters)
đŠ Banks surge: Goldman Sachs, Morgan Stanley, BlackRock and other financials climbed after solid results. (Reuters)
đ Jobs data boost: Lower than expected jobless claims strengthened the dollar and reinforced confidence in U.S. growth. (Reuters)
đ Commodities & Safe Havens
đĄ Gold retreats: After hitting recent highs, bullion eased as geopolitical risk softened and the dollar firmed. (Investing.com South Africa)
đąïž Oil slides: Prices fell sharply as fears of Iran conflict eased and risk premiums dropped. (Investing.com South Africa)
đ„ Key Index Moves
âą S&P 500 â modest gains
âą Nasdaq â lifted by chips and tech stocks
âą Dow Jones â broad strength led by financials
đ§ MARKET TAKEAWAYS
đč Risk assets rebound as uncertainty fades
đč Tech + finance stocks lead the upward rotation
đč Safe havens like gold lose steam on macro enthusiasm
đč Dollar strength adds pressure on commodities
đ Traders remain alert â any new macro or geopolitical signal can quickly shift sentiment again.
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