By coinnews 
00:00 Speaker A
The Dow recovering a little bit by the end of the day, up 120 points or so, about a fifth of 1%. Remember the trajectory of the day, right? And it’s probably shown more clearly in the S&P 500, which at one point was up quite a bit, then dipped into the negative, then finishing higher by about four tenths of 1%. So off the lows of the session. This following the various trade headlines. First, a court blocking a wide swath of President Trump’s tariffs. Some still in effect, including sectoral tariffs. Then an appeals court coming in and blocking the block, at least for now. In other words, the tariffs still remain in effect while that case goes to appeal. So still, um, you know, the tariffs perhaps weighing on the market, or at least the base case of the tariffs weighing on the market. The NASDAQ finishing higher as well, by about four tenths of 1%, but it too finishing well off the highs of the session. Jared’s got a closer look at the action.
01:38 Jared
Thank you, Julie. Great recap. Nvidia is in the rearview, so that major catalyst off the table right now. And tariffs, they didn’t really do too much damage to the market. So green close despite well off the highs there. And I’ll just show you the VIX. I’m gonna center on the VIX volatility index with Josh in about 30 minutes here, but you can see it was down today, holding below 20. Uh we can see that in some other markets. And I’ll just show you quickly here the 30 year. The 30 year yield down five basis points to 4.92%. So edging away from that 5% line that was causing some hiccups last week. And let’s check out the sector action. Only communication services in the red there, that’s an alphabet and meta story, but we’ll dig into that in a second. Everything else in the green, but as you will notice, real estate here at the top, that’s defensive, as is utilities, as is healthcare. So, a little bit of a defensive setup to the bullish action today. Tech had been leading in the early market, and that was thanks to Nvidia. You can see that print right back there, up 3 and 1/4%, but tech lost a lot of momentum over the day. Uh I did mention that communication services was down, Alphabet down three tenths of a percent, that’s part of the deal. Apple also, which is tech, that was down about a quarter of a percent. But for the most part, a little bit more green than red. Broadcom also up 1.06%, and if I put a one-year chart on there, you can see it is had, has this nice rounded base and it looks like it wants to break out, might need a little bit more time to form a handle there. We’ll have to see what happens, but Broadcom testing its all-time highs right now. Uh, I’m gonna finish here on some of our leaders, and guess what? Biotech was the winner today. So I got two biotech ETFs up at the top, up about 2%, and after that we got Korea, China did well today, regional banks, home builders, which have been kind of downtrodden for some time now, solar energy, and the magnificent seven. On the bottom, what did not work today? Bitcoin down about 1%, also IPOs and software, and small tech. Arc Innovation fund was down two thirds of 1%.