🇺🇸 United States market recap
Cautious2026-06-29😱 Fear is low but rising due to Fed rate-hike expectations and volatility in AI chip stocks.
U.S. stocks are in a modest rally with large-cap tech leading, while small-caps lag amid rising Fed rate-hike expectations. Key movers include Alphabet, Meta, USA Rare Earths, and Core Scientific, with AI infrastructure and rare earths driving sentiment. The market remains cautiously optimistic as investors await tech earnings and the Fed meeting. 📈🤔⚠️
Big news
📰 USA Rare Earths signs non-binding $1.6B agreement with Commerce Dept for domestic production
USA Rare Earths surged ~8%; Core Scientific up 5.7% on AI infrastructure boom.
📰 Alphabet and Meta drive S&P 500 upward momentum with strong tech earnings
Tech-heavy Nasdaq up 0.4%; large-cap tech leads market rally.
📰 Semiconductor stocks Intel, Sandisk, and Lam jump amid AI infrastructure demand
Semis rally; Oracle and Adobe drop sharply on rate-hike fears.
📰 Axel Springer agrees to £575M deal for UK's Telegraph Media Group
Media sector M&A activity increases; Telegraph Media Group gains.
📰 GameStop rallies 4.5% on heavy volume despite weak fundamentals
Speculative trading boosts consumer discretionary; retail sentiment mixed.
📰 Revolution Medicines drops 17% after earnings disappointment
Healthcare sector volatility; Moderna and other biotechs surge.
Sector stance
AI infrastructure and semis lead; Alphabet, Meta, Intel standout names.
Biotech volatility; Moderna surges, Revolution Medicines drops 17%.
Strong earnings; Core Scientific up 5.7% on AI demand.
Meta and Alphabet drive gains; strong tech earnings momentum.
Down 0.7%; GameStop rallies but fundamentals weak.
Mixed performance; small-caps holding own in 2026.
Falls amid oil price volatility and rate-hike fears.
Barely in red; defensive but low growth.
Barely in red; rate-hike expectations pressure REITs.
USA Rare Earths surges 8%; rare earths boom.
Stable but low growth; defensive amid volatility.
Outlook
The market will remain cautious as investors await tech earnings and the Fed meeting. AI infrastructure and rare earths are key themes, but rate-hike fears could trigger volatility. Investors should overweight tech and materials while staying underweight energy and real estate.