The upcoming SpaceX IPO is expected to prompt investors to rotate capital from the year's biggest tech winners into a broader market rally. BMO strategist Carol Schleif highlights that the recent tech rally, driven by crowded positioning rather than fundamentals, may see profit-taking ahead of the IPO. Earnings season shows strength across all 11 S&P sectors, signaling a broadening market beyond mega-cap tech stocks. With geopolitical concerns fading, upcoming inflation data, Fed meetings, and earnings reports are set to guide market direction, favoring fundamentals over headlines.
The bull market is expected to persist despite a recent dip in June, which is viewed as a chance to buy the dip. Strong money creation, with three out of four key money measures rising year-over-year, supports ongoing strength in the S&P 500. Histori...
Apple's Worldwide Developers Conference (WWDC) 2026, starting June 8, is expected to unveil major software upgrades focusing on artificial intelligence and Siri enhancements. Historically, WWDC events act as catalysts for Apple's stock, creating buyi...
ProShares Ultra Technology (ROM), a 2x leveraged tech ETF, fell 13.45% on June 5, 2026, driven by a sharp sell-off in key tech stocks like NVIDIA and Broadcom after mixed earnings reactions and rising 2-year Treasury yields signaling potential Fed ra...
Direxion Daily Technology Bull 3X Shares (TECL) fell 19.93% on June 5, reflecting a 6.66% drop in its underlying index, the Technology Select Sector SPDR Fund (XLK). The sharp decline was driven by disappointing guidance from Broadcom and rising inte...
The Technology Select Sector SPDR Fund (XLK) gained 34% in five months, outperforming the S&P 500's 11%, mainly due to heavy concentration in NVIDIA and Apple, which together make up over 28% of the fund. NVIDIA's explosive AI-related revenue growth ...
