Carlos Figueroa Vaca
ʀᴇᴄᴏʀᴅ ʜɪɢʜꜱ ᴄᴏɴᴛɪɴᴜᴇ ᴅᴇꜱᴘɪᴛᴇ ᴡᴇᴀᴋɴᴇꜱꜱ ɪɴ ᴄʜɪᴘ ᴀɴᴅ ᴄʏʙᴇʀꜱᴇᴄᴜʀɪᴛʏ ꜱᴛᴏᴄᴋꜱ The $SPX500 eked out a tiny 0.02% gain to 7520.36 for a record close on Wednesday as oil prices retreated on optimism surrounding an Iran truce, while the $DJ30 rose to a new record close of 50644.28, gaining 0.36% and reflecting strength in economically sensitive sectors benefiting from potential energy price relief. However, the Nasdaq edged up only 0.07% to 26674.73, with recent chip stock momentum losing steam as $MU (Micron Technology, Inc.) retreated 3.6% after Tuesday's 19% surge pushed its market capitalization above 1 trillion. $INTC (Intel) and $QCOM (Qualcomm Inc) were in negative territory, dropping 1% and 6% respectively, suggesting profit-taking following recent strength and potential weakness in semiconductor demand expectations. $ZS (Zscaler Inc) tanked more than 31% after the cloud security company issued disappointing revenue guidance for the current quarter, dragging $PANW (Palo Alto Networks) down 3% and $CRWD (Crowdstrike Holdings) about 5%. $AAPL (Apple) climbed for the sixth day in seven to touch a new intraday all-time high of 312.77, now carrying a market value of 4.5 trillion, demonstrating continued strength in mega-cap names. The Russell 2000 hit a fresh all-time high for the second consecutive day, reflecting strength in small-cap and economically sensitive names benefiting from lower $OIL prices. $BAC (Bank of America Corp) warned investors of a potential summer correction, noting that risk-reward is deteriorating and that multiple indicators favor a more defensive stance. WTI fell 5.55% to settle at 88.68 per barrel after Iranian state media claimed the country was committed to restoring commercial traffic through the Strait of Hormuz within one month, though the White House immediately denied the claim, calling it a complete fabrication. -Carlos $NSDQ100
Not investment advice. The author may have financial interests in the mentioned instruments.
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