XLY

Tech Stocks Rebound As Magnificent 7 Roar On Strong Earnings, Energy Giants Tumble: What's Driving Markets Friday?

The S&P 500 gained over 1% on Friday and is up 2.8% this week. The Nasdaq 100 is on track for its best week in seven months. Strong earnings reports from Alphabet and Microsoft restored positive sentiment in the market. The Magnificent Seven gained a combined $400 billion in a day.

10 out of 14 S&P 500 consumer discretionary stocks post earnings beat - Earnings Scorecard

PCE March 2024:  Spending And Inflation Too Hot

U.S. Personal spending and inflation grew at higher rates than expected in March 2024. Real PCE in 2024 expanded by +0.51%, surpassing economists' median forecast of -0.30%. The analysis of the PCE data suggests the economy is not "landing" in 2024. There are under-appreciated risks to the inflation outlook.

Amazon's AWS Mega Investment Marks Indiana's Biggest Capital Infusion Ever

Amazon.Com Inc. Plans to invest $11 billion to establish a data center campus in north central Indiana. The company's cloud unit will create at least 1,000 new jobs. The upcoming data centers will house essential cloud computing infrastructure for the company's Amazon Web Services.

Consumer Sector Update for 04/25/2024: XLP, XLY, ORLY, KDP, JOE

Should You Invest in the iShares U.S. Consumer Discretionary ETF (IYC)?

Treasury Yields Rise, Tesla Jumps On Cheaper Model Pledge, Yen Plummets To 34-Year Lows: What's Driving Markets Wednesday?

The S&P 500 fell 0.4% in midday trading in New York. The yield on the 30-year Treasury bond has surged to 4.79%, the highest level since early November. The Japanese yen tumbled to the lowest level since June 1990. Tesla Inc. Posted lower-than-expected results last quarter, but shares rose 10%.

All S&P Utility stocks are above 50-day MA, less than 10% of Info Tech names are