#WallStreet #stockmarket #MacroEconomics
๐๏ธ WALL STREET MID-SESSION: Bets on higher rates paint Big Tech red after the jobs report ๐โ ๏ธ
The half-day in New York clearly reflects digestion of the macroeconomic shock. The surprising rebound in nonfarm payrolls in August (nonfarm payrolls surge) not only halted the optimism at the start of the month, but also revived expectations of monetary tightening (rate-hike bets), pushing the Dow Jones (-0.33%), S&P 500 (-0.16%) and Nasdaq (-0.04%) into negative territory.
๐ 1. Severe punishment to multiples and consumer stocks:
๐ Bloodbath in Tesla ($TSLA | $352.93 | -6.23%): Leads the losses among mega-caps with a violent drop that cuts its valuation to $1.393T, reflecting capital flight from high-beta assets.
๐ Weakness in balance-sheet giants: The rise in Treasury yields is pressuring the established names: Apple ($319.00 | -2.81%), Microsoft ($500.46 | -1.89%) and Amazon ($255.78 | -1.21%) deepen their intraday pullback.
โก 2. Silicon as a defensive stronghold and strength in SpaceX:
๐ค Decoupling in cutting-edge hardware: Structural appetite for semiconductors is supporting the sector: NVIDIA (+1.63% | $5.606T) and TSMC (+2.12% | $2.208T) are trading in green against the trend, preventing a larger drop in the weighted indexes.
๐ฐ๏ธ Resilience in SpaceX ($SPCX | $149.48 | -0.17%): Shows formidable absorption, staying virtually flat after the morning shakeout and reinforcing a market cap of $1.970 Trillion ($1.970T) at global #7.
๐ฏ Closing outlook:
The market assumes that the Fedโs room to ease is narrowing again. With the labor market showing excessive strength, attention is shifting completely to next weekโs inflation readings (CPI and PPI), which will determine whether this is a temporary round of profit-taking or the start of a deeper seasonal correction.
A highly dispersed sector session where patience and discipline set the tone! ๐ง โก
๐๏ธ WALL STREET MID-SESSION: Bets on higher rates paint Big Tech red after the jobs report ๐โ ๏ธ
The half-day in New York clearly reflects digestion of the macroeconomic shock. The surprising rebound in nonfarm payrolls in August (nonfarm payrolls surge) not only halted the optimism at the start of the month, but also revived expectations of monetary tightening (rate-hike bets), pushing the Dow Jones (-0.33%), S&P 500 (-0.16%) and Nasdaq (-0.04%) into negative territory.
๐ 1. Severe punishment to multiples and consumer stocks:
๐ Bloodbath in Tesla ($TSLA | $352.93 | -6.23%): Leads the losses among mega-caps with a violent drop that cuts its valuation to $1.393T, reflecting capital flight from high-beta assets.
๐ Weakness in balance-sheet giants: The rise in Treasury yields is pressuring the established names: Apple ($319.00 | -2.81%), Microsoft ($500.46 | -1.89%) and Amazon ($255.78 | -1.21%) deepen their intraday pullback.
โก 2. Silicon as a defensive stronghold and strength in SpaceX:
๐ค Decoupling in cutting-edge hardware: Structural appetite for semiconductors is supporting the sector: NVIDIA (+1.63% | $5.606T) and TSMC (+2.12% | $2.208T) are trading in green against the trend, preventing a larger drop in the weighted indexes.
๐ฐ๏ธ Resilience in SpaceX ($SPCX | $149.48 | -0.17%): Shows formidable absorption, staying virtually flat after the morning shakeout and reinforcing a market cap of $1.970 Trillion ($1.970T) at global #7.
๐ฏ Closing outlook:
The market assumes that the Fedโs room to ease is narrowing again. With the labor market showing excessive strength, attention is shifting completely to next weekโs inflation readings (CPI and PPI), which will determine whether this is a temporary round of profit-taking or the start of a deeper seasonal correction.
A highly dispersed sector session where patience and discipline set the tone! ๐ง โก
