Equities finished yesterday with solid gains, led by tech as investors digested recent earnings and AI optimism. Coming off yesterday's moves, we’re watching to see if that momentum continues heading into the end of the week. Gold saw a notable pullback while treasury yields softened slightly, suggesting a modest easing of risk aversion.
Technology continues to lead, benefiting from strong earnings reports and the ongoing AI narrative – XLK is showing clear bullish momentum. Communication Services is holding steady, while Consumer Discretionary looks poised for potential gains if consumer confidence remains resilient.
We're watching LLY, KVUE, WFC, KO, and JNJ for potential catalysts today. The technology sector’s performance, particularly around names like MU, will be a key focus given the recent AI demand signals.
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