During noon trading in New York, major stock indices on Wall Street remained uncertain as traders assessed the future of monetary policy in anticipation of speeches by Federal Reserve officials in the coming days. The Nasdaq 100 saw a 0.6% decrease, heading for a second negative session, as investors took profits after the impressive rise in artificial intelligence and semiconductor stocks. The iShares Semiconductor ETF experienced a nearly 2% drop, marking its worst day since January. Treasury yields slightly retreated after a sharp increase in recent days, causing a rise in bonds, with the iShares 20+ Year Treasury Bond ETF up by 0.9%. Chinese stocks surged after Beijing promised government and agency support. The iShares China Large-Cap ETF had its strongest day since July 2023 with a rally of over 5%. Secretary Janet Yellen’s concerns about commercial real estate loans and the concentration of certain institutions led to lingering worries in the regional banking industry. New York Community Bancorp saw a significant 17% decline, reaching its lowest point since June 2024. In terms of performance, the Russell 2000 and Dow Jones increased by 0.4% and 0.1% respectively, while the S&P 500 and Nasdaq 100 remained flat or experienced a decrease. The Materials SPDR Select Sector Fund outperformed with a 1.8% increase, while the Technology SPDR Select Sector Fund lagged behind with a 0.7% drop. Some notable stock movers included Palantir Technologies with a 27% rally after reporting better-than-expected results, and various companies reacting to earnings such as Eli Lilly, UBS Group, Spotify Technology, BP, FMC Corp., Coherent Corp., GE Healthcare Technologies, and Crown Holdings. Companies reporting after the close included Snap Inc., Amgen Inc., Gilead Sciences Inc., Chipotle Mexican Grill Inc., Edwards Lifesciences Corporation, Ford Motor Co., and Fortinet Inc. Secretary Yellen expressed concerns over commercial real estate and stablecoin risks but praised the strength of the US economy.