Market Digest: HAL, NEM, T, PM, AGNC

Argus

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Apr 23, 2026

Summary

The banal marketplace is headed into net play connected a sweetener high, truthful firm America amended present the goods oregon else. Generally, a flat-to-weak marketplace going into net play is preferable to a marketplace with rip-roaring banal prices. Does the marketplace cognize thing the remainder of america bash not? The quarter, arsenic good arsenic the remainder of the year, is already expected to beryllium precise bully -- and possibly it's conscionable the banal market's mode of catching up. Widening the screen, different position is that the large banal indices person done precise small connected a nett ground for astir of the past six months. So determination has been nary pullback of immoderate substance yet, arsenic the S&P 500 roseate 1% connected Wednesday, the Nasdaq popped 1.6%, and the Nasdaq 100 ripped 1.7%. All of the indices closed astatine all-time highs (ATHs). The S&P 100, Invesco S&P 500 Top 50 ETF (XLG), the Technology Sector SPDR (XLK), and the VanEck Semiconductor ETF (SMH) besides reached ATHs. Other tech industries hitting ATHs and remaining connected a teardrop since March 30 see electrical components & instrumentality and machine hardware. Crypto, which we person talked astir recently, had a bully day, with Bitcoin (BTC) and Ethereum (ETC) some jumping astir 3%. From a