by Luzi Ann Santos | moomoo News Magnificent Seven stocks dragged the rest of the stock market lower amid speculation investors are rotating out of this year's biggest gainers and rolling into equities whose strong fundamentals have been overshadowed by the artificial intelligence (AI) frenzy. The$S&P 500 Index(.SPX.US)$fell 2.3% to close at 5,427.13, while the$Nasdaq Composite Index(.IXIC.US)$lost 3.6% to 5,427.13. The two...
Northsea9 :
To talk for a while is to ask for interest rate cuts at the end of the month or the beginning of next month! For every 0.25 basis point reduction, the overall quarterly profit of the institution increased by 70 billion US dollars! That's almost 300 billion dollars a year! A 1% interest rate cut would be a huge profit! Even if the stock price falls, it's a huge profit! The meaning of Wall Street trading is obvious! It's about driving interest rate cuts through a sharp drop in stock prices! Slowing economic growth! Build momentum for the Democratic Party's Harris! Suppress Trump! All for the big ones! The purpose is to see the six major institutions jointly sell nearly 170 billion dollars of shares!
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Magnificent Seven stocks dragged the rest of the stock market lower amid speculation investors are rotating out of this year's biggest gainers and rolling into equities whose strong fundamentals have been overshadowed by the artificial intelligence (AI) frenzy.
The $S&P 500 Index(.SPX.US)$ fell 2.3% to close at 5,427.13, while the $Nasdaq Composite Index(.IXIC.US)$ lost 3.6% to 5,427.13. The two...
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