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Chip Stock Bounce or Lasting Rally?
Barrons.com13d agobullish
Chip Stock Bounce or Lasting Rally?

Chip stocks have seen a strong run-up in today's tech-led rebound rally. The Philadelphia Semiconductor Index is up 7.5%, with names such as Sandisk, Micron, and AMD among the S&P 500's best performers.

Nasdaq 100 Is Narrowly Avoiding Correction
Barrons.com15d agoneutral
Nasdaq 100 Is Narrowly Avoiding Correction

Then both rallied off their lows. The Nasdaq 100 was down to 27,452.95 at its intraday low, which would have put the index 10.5% below its June 2 record close. A 10% drawdown from a recent closing high puts an index in a technical correction.

Financial Sector ETF Hits Record High on Fintech Gains
ETF Trends15d agobullish
Financial Sector ETF Hits Record High on Fintech Gains

Shares of the State Street Financial Select Sector SPDR ETF (XLF) touched a fresh all-time high Tuesday. That gain is part of a broader shift in the market. Money has moved out of high-flying tech names and into more traditional corners of Wall Street. Key Takeaways: XLF hit an all-time high of $57.33 Tuesday, lifting [...]