May. 12 at 8:12 PM
The U.S. stock market was mixed on Tuesday as investors reacted to inflation coming in a little hotter than expected and oil prices continuing to climb because of tensions between the U.S. and Iran. Tech stocks, especially semiconductor names like Micron Technology, Advanced Micro Devices, and Qualcomm, saw some profit-taking after their huge recent rallies, which weighed on the Nasdaq. Investors are starting to worry that higher oil prices and sticky inflation could eventually slow down consumer spending and create more pressure on the economy if the Middle East conflict continues. Overall, I’d say the sentiment feels mixed to slightly bearish right now because the market still has strength, but inflation and geopolitical uncertainty are starting to become bigger concerns for traders.
$TQQQ $UCO $SPY $AMD