2/2(Thu) ➡️ The VIX rose 4.81% to 18.73 ahead of the Non-Farm Payrolls data on 3/2 (Fri). However, the reading is still well below 20, so there’s not much to worry about at this time❣️The DJIA declined 0.11% due to healthcare stocks but the S&P 500, & Nasdaq closed 1.47% & 3.25% higher respectively🥳🥳🥳 The Nasdaq and S&P 500 touched roughly 5-month highs as a more dovish-than-expected message from Powell (who acknowledged that the "disinflationary" process may have begun) boosted equities & Meta Platforms shares soared on rigorous cost controls. Shares of megacap stocks AAPL, AMZN, & GOOGL gained strongly ahead of results due after market close on 2/2, but fell after quarterly results. The chip sector was 💪💪💪
$Semiconductor Bull 3X Shares(SOXL)$🔎Sector-Stock Trend Analysis🔍:
(1) Popular tech stocks all gained 1.35%-23.28%😱🤗🥳 all thanks to META♾
(2) Popular chip stocks all gained 0.91%-4.34% except QCOM, with AMD being the biggest winner🥳
(3) Popular 🇨🇳 stocks was mixed with losses up to 3.59% & gains of 3.28% as there was a pullback in the HKEX.
(4) On the EV front, it was also mixed with 🇨🇳 EVs except Li Auto declining. It appears that investors are rotating out of 🇨🇳 EV to buy tech stocks.
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