U.S. stock indices hit historic highs, with the S&P 500, NASDAQ Composite, and Dow Jones Industrial Average rising by 0.61%, 1.3%, and 0.69%, respectively. This rally was fueled by Federal Reserve Chairman Jerome Powell’s speech, the latest Fed Beige Book report, and strong performance in technology stocks, particularly in AI and semiconductor sectors. Powell’s Speech and Fed Report Powell noted that the U.S. econ...
$Amazon (AMZN.US)$stock options volume rose Wednesday, surpassing that of$Tesla (TSLA.US)$, as shares of the top cloud services provider rose to an intraday record high after unveiling its new array of powerful chips for artificial intelligence applications. The company's cloud services division, the Amazon Web Services began offering the chips to customers, Bloomberg reported yesterday.$Apple (AAPL.US)$is in early stag...
Readers will see the trend in$Amazon (AMZN.US)$. That's a positive. Readers will also see the potential for a double top reversal that could occur without even breaking that trend. The daily MACD is improving, but is not yet displaying a fully bullish posture, while Relative Strength continues to improve. It does look on Wednesday that AMZN may be breaking past the threat perceibved earlier this morning. I am long AMZN equity.
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