China cracked the last chip chokepoint — domestic lithography in mass production — and the semiconductor index fell a fourth straight day, now 20% off its high. Yet the equal-weight S&P 500 closed at a record: rotation, not retreat. Oil broke below $80 on a Gulf-backed Hormuz plan. Consumer confidence missed a third month; hiring slowed a fifth week. J&J settled talc for $5.5B and closed at a record. Apple touched $5 trillion, then let it go — Fed decides tomorrow.
Tag Archives | S&P Global
MIB Daily: China Cracks the Chip Chokepoint, Semis Sink 20% — Equal-Weight S&P Hits a Record as a De-Hedged Market Rotates Into Value Ahead of the Fed
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MIB Daily: WTI +9%, Oracle’s 52-Week Low, and a Hawkish Fed — Tuesday’s CPI Decides Whether to Rotate Into Energy or Stay Defensive
Trump reinstated a Strait of Hormuz blockade on Iran, sending WTI up 9%, S&P 500 down 0.79%, Nasdaq 1.88%, and VIX up 14%. Fed’s Waller reopened rate-hike odds ahead of Tuesday’s CPI, lifting 10Y yields to 4.626%. Oracle (-6.47%) hit a 52-week low on a credit downgrade over OpenAI concentration risk, while SK Hynix cratered 15% in Seoul and SanDisk (-12.63%) led a NAND selloff. Gold fell 2.55% despite the escalation, dollar strength overriding safe-haven demand.
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MIB Daily: WMT –7.3% converts soft data to hard guidance — Flash PMI prices hit 2022 high, IBM wins foundry, NVDA can’t hold its beat
IBM surged +12% on a $1B CHIPS Act quantum foundry award, fueling a broad AI-semiconductor rally. Walmart cratered -7.27%, citing tariffs and fuel in a guidance miss that flags real consumer stress. The Philadelphia Fed collapsed 27 points to -0.4 as new orders turned negative, while Flash PMI input prices hit a post-2022 high. Richmond Fed’s Barkin questioned whether five-plus years above target still justifies the ‘look through’ doctrine. NVDA fell -1.77% despite 85% revenue growth — its fourth post-earnings decline.
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