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Before the Federal Reserve's decision, the rally of U.S. stocks faltered, the Nasdaq said goodbye to record highs, the Dow fell for nine consecutive days, Broadcom dropped over 4%, Chinese concept stocks rebounded against the trend, and Bitcoin reached a
The Dow Jones has seen its first nine consecutive declines since 1978; NVIDIA has seen four consecutive declines, while Tesla has risen over 3% against the trend, hitting new highs for three consecutive days. Chinese concept stocks rebounded nearly 2%, with PDD Holdings rising nearly 3% and Bilibili increasing over 4%. Salaries in the United Kingdom have grown faster than expected, with two-year UK bond yields rising 10 basis points in one day. The USD has rebounded; the Canadian dollar has hit a more than four-year low since the pandemic; Bitcoin surged over $0.108 million during trading, hitting a new historical high for two consecutive days. Crude Oil Product has fallen for two consecutive days, with US oil dropping more than 2% at one point; Gold has hit a new low for the week.
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Truist lowered the Target Price of Microchip Technology to $68.
Truist: lowered Microchip Technology's Target Price from $71 to $68, maintaining a Hold rating. (Gelonghui)
Major rating丨Bank of America: Downgrades Microchip Technology rating to 'Underperform' with Target Price lowered to $65.
Bank of America Securities has downgraded the rating of chip manufacturer Microchip Technology from "Neutral" to "Underperform," and reduced the Target Price from $80 to $65.
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Truist Financial Maintains Microchip Technology(MCHP.US) With Hold Rating, Cuts Target Price to $68