Power Hour

📈 Friday's Major Market Drivers

• Crude Oil Retracts: Brent crude futures fell over 4% to $95.88 a barrel, retreating from yesterday’s breach of the $100 mark. Easing energy prices came after reports that Pakistan and China are prompting renewed U.S.-Iran peace talks, calming fears of re-accelerating inflation. 
• Index Stabilization: The Dow Jones Industrial Average and the S&P 500 are pushing into positive territory. The tech-heavy Nasdaq Composite continues to lag near the flat line, weighed down by a 4.3% slump in the semiconductor sector. 
• Strong Economic Prints: Market sentiment found a strong baseline earlier in the session after the S&P Global U.S. Composite PMI jumped to 53.6 for July. This marked the highest level of private sector expansion since November, led by rapid growth in services. 

📊 Performance of Key Monitored Assets

• SPY (S&P 500 ETF): Trading nearly flat on the day at $738.29, swinging between a daily low of $737.34 and a high of $743.71. 
• Bitcoin (BTC): Under pressure due to surging U.S. Treasury yields and a massive $225 million weekly outflow from spot ETFs. The cryptocurrency is down 1.47% over the last 24 hours, trading at $64,089.86. 
• Strive Inc. (ASST): Experiencing sharp selling pressure during the session. The stock is down 4.96%, sliding to $11.49 per share on volume of 1.6 million traded units. 

If you want to track a particular setup into the closing bell, let me know:

• If you need the exact final closing prices or after-hours prints for ASST or SPY
• If you want to check options volume or open interest for today's expirations
• Any specific macroeconomic data points you would like to include in your weekend review

All responses may include mistakes. For financial advice, consult a professional. Learn more