Big-Tech’s PerformanceMacro Headlines This Week:“The Great and Beautiful” bill passes; conflicting employment data; U.S.-Vietnam tariff deal reached, but July 9 deadline looms?The "Great and Beautiful" Bill, championed by Trump, passed the Senate in a 50-50 tie (with Vance casting the decisive vote). The House also approved it on July 3, and it's expected to be signed into law on July 4. While markets fear it may worsen the fiscal deficit, it could provide a short-term economic boost — potentially just the beginning. In response, Elon Musk once again lashed out, threatening to form a new political force to oppose it.Employment Data Clash:June ADP report showed a drop of 33,000 jobs (vs. forecast of +98,000), pushing the probability of a July rate cut to over 27%.However, the next day, the
Big Tech Weekly
Big tech companies, including Apple, Amazon, Google's parent Alphabet, Meta Platforms, and Microsoft, hold immense significance in the stock market. Their size, market influence, and role in technological innovation make them bellwethers for investor sentiment and key drivers of market performance. This topic will keep following the key events and trend of big tech!
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