Wall Street hovers near records as markets take in earnings ahead of Powell speech Friday
By STAN CHOE, AP Business Writer
NEW YORK (AP) — Wall Street is losing ground on Tuesday following drops for Palantir and other stars that had been riding the mania surrounding artificial-intelligence technology.
The S&P 500 slipped 0.7% and is on track for a third straight modest loss after setting its all-time high last week.
Read MoreWhat's Going On With AMD Stock Tuesday?
Advanced Micro Devices (AMD) stock traded lower on Tuesday as rivals Arm Holdings ARM, Nvidia NVDA, and Intel INTC made strategic moves to fortify their positions in the global semiconductor market.
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Read MorePalantir, Nvidia and other AI stars dim as Wall Street edges further from its records
Wall Street is edging further from its records.
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Nvidia-Led Tech Slide Cracks Summer Calm in Stocks: Market Wrap
(Bloomberg) — Wall Street’s summer calm cracked as a slump in Big Tech sent major stock gauges lower, underscoring the market’s narrow reliance on a handful of growth giants.
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Read MoreWall Street Analyst Predicts Tech Bull Market Will Continue Into 2025, Says This Stock Billionaire Stanley Druckenmiller Dumped Is Set To Hit Trillion-Dollar Market Cap
Wedbush Securities’ Dan Ives says that US equities are in the middle of a new tech bull market, with some stocks set to be major beneficiaries.
In a new interview on Bloomberg Television, Ives, the managing director of the $5.7 billion firm, says that the market dip at the close of this week would end up being a small hiccup in an otherwise raging bull run.
Read MoreThe Burst
Technical Signals Scream SELL
Correlation and causation can easily be mixed up when trading. Just because markets fall every time something happens doesn’t mean that something is the cause. Nevertheless, when correlations appear, they should be respected, and we just stumbled upon one that, if true, screams it’s time to SELL.
Scary Technical Trend
Over the past year or so,
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Read MoreThe Ivy
Market Commentary: How To Earn $5,000 Per Year Forever
Imagine you wanted to earn passive income forever more, how would you go about picking stocks likely to pay a yield large enough that it will be lucrative but low enough to ensure it’s sustainable?
The latter part of the sentence is the key because it’s always possible to find companies that pay sky high yields,
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