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Benzinga
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Wall Street Eyes 8th Positive Day As S&P 500 Recoups Tariff-Led Losses, Bitcoin Rallies To $97,000: What's Driving Markets Thursday?

1. S&P 500 gains 1%, longest winning streak since November 2023. 2. Technology stocks driven by strong earnings boost market confidence. 3. Inflationary pressures rise, impacting economic forecasts adversely. 4. Microsoft reports earnings, up 8.60%, leading tech sector rally. 5. Tariff concerns persist alongside falling manufacturing activity.

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FAQ

Why Bullish?

Positive momentum from the S&P 500 and tech earnings can lift IVV. A historical example includes the tech rally post-2008 recession that significantly benefited ETFs tracking the S&P 500.

How important is it?

Investor sentiment is influenced by strong earnings in the technology sector, directly affecting the S&P 500 and, consequently, IVV.

Why Short Term?

Immediate effects are visible in market sentiment and sector performances. However, inflationary pressures could alter this trajectory shortly.

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