Equities finished slightly lower yesterday, with the QQQ leading declines while the SPY held relatively steady. Gold saw some selling pressure, and the 10-year Treasury yield remains anchored around 4.46%, suggesting continued, but not escalating, risk aversion heading into today.
Technology continues to show relative strength, coming off yesterday’s outperformance (XLK). We’re also watching Communication Services (XLC) for potential upside, though momentum is less clear. Materials (XLB), Industrials (XLI), and Utilities (XLU) lagged and may continue to face headwinds.
Today we're watching AAOI, ANET, CMCSA, CPNG, MSFT, NOK, PFE, and SHOP for notable price action and volume.
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