See what’s driving market performance around the world in today’s Morning Lineup. Bespoke’s Morning Lineup is the best way to start your trading day. Read it now by starting a two-week trial to Bespoke Premium.  12bet review to learn more and start your trial.

“When everybody thinks alike, nobody thinks.” – Bill Walton

Morning stock market summary

Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.  

While the US observed Memorial Day yesterday, trading in the rest of the world was uneventful but generally positive. This morning in the US, futures are very modestly higher as the S&P 500 and Nasdaq look to make it six weeks in a row of gains.  The Nasdaq is leading the way higher this morning as shares of Apple (AAPL) are higher on news of strong sales in China while Nvidia (NVDA) is also up following news that xAI has raised $6 billion in funding, and much of that will 12bet app reviewlikely get plowed right into NVDA chips.

There’s a lot of economic data on the calendar this morning and this week, so check out this morning’s report for a full rundown.

Recent market action has been much less uniform despite year-to-date gains across most sectors. Last week, the S&P 500 eked out a small gain, but nine out of eleven sectors fell. Seven sectors dropped at least 1%, with Energy and Real Estate plummeting over 3.5%. Conversely, Technology and Communication Services were the lone bright spots, finishing the week in 12bet loginpositive territory. The spread between the best and worst performers (Technology and Energy, respectively) exceeded five percentage points, highlighting the underlying volatility beneath the seemingly placid surface.

The performance of the Technology (XLK) and Energy (XLE) sector ETFs since last October’s low further illustrates divergences in sector performance.  Just as tech started to rally late last year, energy stalled and moved sideways through January.  Then, in late January, as momentum in the tech 12bet reviewsector stalled, energy stocks picked up steam until April when the two sectors started to reverse course again.  With sectors moving in their independent ways lately, Bill Walton would approve!

To continue reading the rest of today’s morning note, where you’ll find much more analysis of global equities and economic readings released this morning, read today’s full Morning Lineup with a two-week Bespoke Premium trial.

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