Traders are treading cautiously in Wednesday’s session, seeking more clarity on the Federal Reserve’s stance with inflation reports exceeding expectations.
It was a rough month in April for the sectors. The Viper Reports Tom Aspray likes several with positive RS analysis that picked them as market leaders last November.
As April comes to a close, it’s time to compile the rankings for the top-performing sector and industry exchange-traded funds of the month. Taking a broader look at the stock market, the S&P 500 Index, represented by the SPDR S&P 500 ETF Trust (NYSE:SPY), finished April on a downturn, declining by approximately 3%. This marks the end of a five-month streak of gains. Similarly, the tech-heavy Nasdaq 100, tracked by the Invesco QQQ Trust (NASDAQ:QQQ), experienced a 3.5% decline. Among large-cap in
Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, ahead of its annual I/O developer conference in May, has confirmed layoffs across various vital teams such as Flutter, Dart, Python, and others, according to employee reports on social media. The tech giant did not specify the teams, roles, or the number of individuals affected, TechCrunch reports. Google spokesperson Alex García-Kummert explained that these changes aim to align resources with the company’s most significant product priorities, im