Wall Street buys over $1B in Bitcoin amid dollar's ‘do or die’ moment
Key takeaways:
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Wall Street poured over $1 billion into Bitcoin ETFs this week amid rising bets on Fed rate cuts and a weakening US dollar.
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Trump’s early Fed replacement plans intensified dollar selloffs, pushing DXY to its lowest since April 2022.
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Analysts warn July could trigger a major dollar breakdown,
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Read MoreWall Street opens near record highs as Micron earnings fuel AI optimism
The S&P 500 and Nasdaq indices opened near all-time highs on Thursday, buoyed by stronger-than-expected earnings from Micron Technology, which reinforced investor confidence in the booming artificial intelligence sector. Investors also weighed several fresh economic reports.
At the opening bell, the Dow Jones Industrial Average (.DJI) rose 101.6 points,
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Read MoreNvidia stock keeps rising after fresh record as analyst sees AI 'golden wave'
Nvidia (NVDA) stock continued to tick higher Thursday, rising 1.1% in early trading after notching a record high above $154 the prior day.
The gains come amid bullish predictions for the AI chip market on Wall Street.
Loop Capital analyst Ananda Baruah on Wednesday raised his price target on Nvidia shares to $250,
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Read MoreDown More Than 30% This Year, Could This Struggling Artificial Intelligence Stock Be a Bargain Buy Right Now?
Many artificial intelligence (AI) stocks are trading at sky-high valuations and can look too expensive to buy today. But there’s one AI stock that has recently been struggling, and it could be an attractive buy on weakness.
Shares of Marvell Technology (MRVL 5.21%) are down a whopping 32% since the start of the year after the company’s recent performance and guidance underwhelmed investors and analysts.
Wall Street is split as Tesla and tech drop while most other US stocks climb
By STAN CHOE, AP Business Writer
NEW YORK (AP) — A mixed day of trading left the U.S. stock market split on Tuesday as Wall Street’s momentum slowed after setting record highs in each of the last two days.
The S&P 500 dipped 0.1% for its first loss in four days.
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Read MoreThe Burst
2 Stocks With Nearly 200% Upside
It’s a tough time for tech stocks. After hitting impressive highs in November 2021, the Nasdaq Composite is down more than 25 percent year-to-date as of mid-May 2022. Day after day, the index seemed to hit new 52-week lows. That’s bad news for growth investors because Nasdaq is home to tech companies that have historically been winners.
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Read MoreThe Ivy
Alert: 42% Upside on Global Brokerage Firm?
Interactive Brokers is a global brokerage firm that offers a wide range of investment services to retail and institutional investors. It is known for its low-cost trading and tech-heavy investment model. By leveraging software automation, it keep commissions very low, and offers services to a wide range of investors, including those who are on a budget.
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