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On the news front, some analysts believe that the recent broad sell-off of technology stocks in the US stock market, coupled with investor concerns over Oracle's massive capital expenditures, has led to a decline in its share price, which fell to about $138 per share as of April 11. However, for investors who are adept at seizing opportunities and possess great patience, this represents an excellent chance to buy shares of this tech giant.

The data released on Monday by the National Association of Realtors shows that existing home sales fell by 3.6% to an annualized rate of 3.98 million units. This is lower than the median estimate of economists surveyed by Bloomberg. The report indicates that the Iran war is affecting the US economy in various ways. Since the outbreak of the conflict, mortgage rates have risen significantly, exacerbating housing market affordability issues and potentially hindering the recovery of the peak sales season. The NAR also sharply lowered its 2026 existing home sales growth forecast from the previous 14% to 4%. NAR Chief Economist Lawrence Yun said in a statement, “Rising mortgage rates have prompted us to lower our expectations for home sales this year.” The report shows that the median home sales price in March rose 1.4% year-on-year to $408,800. Inventory edged up to a four-month high but remains at a historically low level.

Gronghui, April 13｜As the US stock market broadly rebounded, software company stocks also recovered on Monday, with a major ETF for the sector ending a three-day losing streak. Cybersecurity-related stocks outperformed the broader industry. The iShares Expanded Tech-Software Sector ETF rose 3.4%. Notable gainers included: Cloudflare up 7.8%, Palo Alto Networks up 2.4%, ServiceNow up 5.2%, Datadog up 2.4%, RingCentral up 5.9%, HubSpot up 4.7%, CrowdStrike up 4.8%, Palantir up 3.4%, and Zscaler up 1.6%.