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U.S. Indexes rallied on Monday, with much of the upside led by Meta (META), resulting in NASDAQ outperformance. Meta’s PT was upgraded at Wells Fargo, with the desk citing a strong start for its Muse AI agent, which in turn supported chip names such as INTC and...
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U.S. Indexes closed slightly higher on Friday, with big tech stocks rising while sentiment is supported by another modest decline in oil prices; a near-record $7 trillion quad-witching and index rebalances add to Friday’s set-up. US tariff-delay hopes, a...
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The overall reaction to the FOMC rate decision and press conference was hawkish. The Fed hiked rates by 25 basis points as expected in a unanimous decision, while the median projection saw another hike by year-end before rates remain on hold throughout 2027. The...
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U.S. Indexes closed lower again on Tuesday, with the NASDAQ 100 and Russell underperforming, while the equal-weight S&P fell 0.4%. Calls for a slowdown in AI development remained an overhang for sentiment, although the SOXX and DRAM ETFs were marginally firmer...
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U.S. Indexes closed lower on Monday, albeit finishing well off earlier lows, with weakness primarily driven by chip and memory names after a group of prominent AI CEOs, including those from OpenAI, xAI and Anthropic, called for a slowdown in the pace of AI development...
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U.S. Indexes closed higher on Friday, with broad-based strength seeing the SPX, NDX and DJI rise by around 1%, while the equal-weight S&P gained 0.8%. The majority of sectors finished higher, with Communication Services, Technology and Consumer Discretionary...
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