Premium
U.S. Indexes were sold across the board on Friday, with the NASDAQ 100 underperforming as the rout in technology, AI, chip and memory stocks continued. Reports that Anthropic’s valuation expectations had been lowered to USD 1.5 trillion from USD 2 trillion added...
Premium
U.S. Indexes closed lower on Wednesday, with initial pressure following the hotter-than-expected US CPI report, particularly in the core metrics. Meanwhile, AI concerns continued to mount, with further weakness in memory stocks, while concerns over AI-related...
Premium
U.S. Indexes closed mixed, as the tech-heavy Nasdaq 100 lagged and was once again weighed on by losses in memory names, highlighted by the memory ETF DRAM closing with losses in excess of 3%. The move follows a sharp decline in the Kospi overnight, following...
Premium
U.S. Indexes were closed Monday for the Columbus Day Bank Holiday. The only news of note was a speech from Fed Member Hammack: Treasury rates right now are “modest” by historic standards. If the economy were to return to a 3% home mortgage it would likely mean...
Premium
U.S. Indexes closed higher on Friday, with tech names putting Thursday’s Financial Times article on Open AI in the rearview. Real Estate, Consumer Discretionary, and Healthcare outperformed, meanwhile, Communications underperformed following SpaceX competition...
Premium
U.S. Indexes finished lower on Wednesday in relatively broad-based weakness, with the Russell 2000 and equal-weight S&P 500 underperforming the major Indices. The Dow also lagged, while the S&P and NDX saw more modest losses. Sectors were predominantly...
Recent Comments