Global equity markets face volatility as investors weigh geopolitical tensions in the Strait of Hormuz against mixed corporate earnings. While the S&P 500 shows resilience, the software sector experiences a significant sell-off, driven by Service Now’s lackluster guidance and broader concerns regarding SaaS valuation multiples. Conversely, the semiconductor sector continues a historic 17-day green streak, with AMD and Nvidia reaching new highs, bolstered by strong data center demand and hyperscaler partnerships. Macro indicators remain stable, with jobless claims and PMI data suggesting economic resilience. Meanwhile, individual stock movements highlight a rotation into value and infrastructure-heavy sectors, as market participants monitor potential shifts in Iranian leadership and the impact of energy independence policies on fertilizer and commodity pricing. Amazon’s recent push toward all-time highs underscores the ongoing strength of large-cap tech despite software-specific headwinds.
Sign in to continue reading, translating and more.
Continue
