You're tuned into Markets Desk, let's get you caught up on what moved today.
The S&P five hundred slipped two-tenths of a percent Wednesday, but the real damage landed in tech. The Nasdaq one hundred shed one and a half percent as chipmakers led the selling pressure, dragging September E-mini Nasdaq futures lower alongside them. When semiconductors stumble, the broader growth trade tends to follow, and today was no exception.
Shifting overseas, Japan's Nikkei two twenty-five has now climbed more than eleven hundred points across three consecutive sessions, clearing the seventy thousand four hundred fifty level. But that kind of run tends to invite profit-taking, and analysts are flagging Thursday as a likely pause point as investors weigh whether the rally has outpaced the fundamentals.
Back stateside, the REIT sector is quietly building a case for itself heading into July. Since two thousand eight, real estate investment trusts have gone undefeated in the month of July, a streak that even outpaces the Nasdaq one hundred's well-known seasonal strength. With rate expectations still in flux, that defensive consistency is drawing fresh attention from bulls looking for somewhere to stand firm.
That's the tape. Markets Desk, signing off the floor.
