Hamdog258
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After a searing rally this year, the tech-heavy $NASDAQ 100 Index (.NDX.US)$ is down more than 13% from an all-time high hit last month in a sell-off that has been blamed on everything from US economic worries to the unwinding of a global yen-funded carry trade.
The “Magnificent Seven” were the stocks most responsible for the overall market’s decline since last Friday. In just four trading days, $Tesla (TSLA.US)$plummeted 17.37% and $NVIDIA (NVDA.US)$ dropped b...
The “Magnificent Seven” were the stocks most responsible for the overall market’s decline since last Friday. In just four trading days, $Tesla (TSLA.US)$plummeted 17.37% and $NVIDIA (NVDA.US)$ dropped b...
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Hamdog258
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Columns How to Trade Amid Growing Recession Concerns? A Focus on US Treasuries, Defensive Sectors, and More
Following the release of the US July unemployment rate last Friday, which was unexpectedly high at 4.3%, the highest in almost three years, the Sahm Rule signaling an economic recession was triggered. Panic ensued and the market plunged again on Friday, with the $CBOE Volatility S&P 500 Index (.VIX.US)$ surging 60% at one time, the $Nasdaq Composite Index (.IXIC.US)$ falling 2.43%, dropping over 10% ...
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Hamdog258
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Warren Buffett's $Berkshire Hathaway-B (BRK.B.US)$ slashed its stake in $Apple (AAPL.US)$ by 49.9% in Q2, valued at approximately $75.5 billion. Despite the sell-off, Apple remains Berkshire's largest holding.
Previously, Berkshire trimmed its Apple stake by 13% in Q1, citing tax reasons during its annual meeting in May.
However, the scale of the recent sale suggests the move may go beyond tax considerations.
Why Sell?
Since Warren...
Previously, Berkshire trimmed its Apple stake by 13% in Q1, citing tax reasons during its annual meeting in May.
However, the scale of the recent sale suggests the move may go beyond tax considerations.
Why Sell?
Since Warren...
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Hamdog258
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Last Friday, a flawed software update released by the cybersecurity company $CrowdStrike (CRWD.US)$ caused widespread PC crashes globally, resulting in a large number of users experiencing "blue screen of death". This led to a chain of failures and sustained impacts in various fields such as aviation, banking, healthcare, retail, ports, enterprises and governments. $Microsoft (MSFT.US)$estimated that approximately 8.5 million Windows ...
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The second earnings season will officially kick off release on July 12. As usual, bank stocks will lead the earnings season— $JPMorgan (JPM.US)$, $Wells Fargo & Co (WFC.US)$, $Citigroup (C.US)$,and $Bank of New York Mellon (BK.US)$will report their earnings later.
Prior to this, the $S&P 500 Index (.SPX.US)$ has reached new highs for the 34th time this year since hitting its low last October, driven by the AI boom and bets on Federal Reserve ...
Prior to this, the $S&P 500 Index (.SPX.US)$ has reached new highs for the 34th time this year since hitting its low last October, driven by the AI boom and bets on Federal Reserve ...
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