Global markets displayed divergent trends in today’s trading session, with technology stocks outperforming while energy shares declined on falling oil prices. The Nasdaq Composite rose 0.8% as megacap tech firms reported strong earnings guidance, contrasting with a 1.2% drop in the energy sector following unexpected inventory builds. Analysts note this rotation reflects changing investor expectations about economic growth and interest rate trajectories.
Key economic indicators released today showed inflation cooling slightly, with the core PCE price index rising 2.7% annually – still above the Fed’s target but showing modest improvement. Market participants now await tomorrow’s jobless claims data for further clues about labor market strength. “We’re seeing a classic ‘wait-and-see’ market,” noted chief strategist Mark Richardson. “Investors want clearer signals about whether we’ll get a soft landing or face continued volatility.”
