The US equity market is getting a big lift from shares of Google (+8%) and Apple (+3.5%) after an anti-trust court ruling late yesterday but that hasn't been enough to driver broader buying.
Energy, financials, transports and industrials are all sagging today. The consumer side is also under pressure with DollarTree shares lagging the S&P 500 and down 8%. McDonald's executives yesterday highlighted the struggles of the low-end consumer.
Overall, the lack of buy-the-dip follow through thus far is a disappointment. Yesterday there was a strong rally into the close and the Google news should have kicked off something more sustainable but the market is leery given the political and tariff uncertainty. Yields have come down in a big way from yesterday's extremes so it could just be a matter of time but the market could also be concerned about poor September seasonals and Friday's looming jobs report.
This article was written by Adam Button at investinglive.com.Hence then, the article about us stock market gains fade was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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