SPY closed at $739.22, holding near its 90-day high, while gold edged up to $398.25 – a move off the recent lows suggests continued safe-haven demand. The 10-year Treasury yield is steady at 4.55%, removing some pressure on growth stocks heading into a busy earnings week.
Health Care (XLV) is leading today — the sector is showing relative strength with a 3.2% 5-day gain and a positive divergence from the broader market pullback. Semiconductors (SMH) are also in focus; the sector is neutral, but several key names report this week, and their guidance will be pivotal.
We’re watching LGND (earnings read-through – mega-cap tech), KLAC (broke resistance last week – momentum play), and PGNY (sector laggard – potential bounce). Also, STX (earnings tonight – key semiconductor name).
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