US EQUITY OPEN: META & MSFT weakness weighs on Tech as latest Mag-7 AAPL report M
The weakness in Meta and Microsoft is a concerning signal for the broader tech sector, particularly given their significance in the Mag-7 group.
Russia's Defence Ministry says they have carried out a patrol over the neutral Barents and Norwegian seas
[MARKET ANALYSIS] ECB Review: Statement as expected, President Lagarde laid the ground for a potential June hike
US EQUITY OPEN: META & MSFT weakness weighs on Tech as latest Mag-7 AAPL report M
Within a day, two huge ships docked in Israel and a number of cargo planes landed, containing military equipment for the IDF, N12's Nitzan Shapira reports
Trump floats a new plan to reopen the Strait of Hormuz; US would continue its blockade on Iranian ports, while coordinating with allies to impose higher costs on Iran’s attempts to subvert the free flow of energy, according to AP citing official
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As these key players falter, it could exacerbate selling pressure in tech stocks, impacting market sentiment and potentially leading to a retest of recent lows. Keep an eye on any subsequent risk-off reactions and how this might affect related sectors and indexes, especially the NASDAQ.
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