Strategas Macro Momentum ETF Price & Performance (SAMM)

Major technology stocks faced a decline today as investor sentiment shifted due to concerns over interest rate hikes and inflationary pressures. The tech-heavy index dropped by over 2%, with leading firms in the sector experiencing notable losses. Analysts suggest the sell-off reflects broader market uncertainty as economic data continues to influence trading activity.1

Crude oil prices spiked to their highest levels in weeks after reports indicated potential supply disruptions in key regions. The benchmark index rose by nearly 4% as traders responded to geopolitical tensions and production challenges. Energy analysts predict continued volatility in the sector as global demand remains steady while supply risks persist.

U.S. retail sales data for February surpassed expectations, rising by 0.7% compared to the previous month. Consumer spending on discretionary items drove the increase, signaling resilience despite economic headwinds. Economists view the data as a positive indicator for first-quarter growth, though inflationary pressures remain a concern for the broader economy.