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Choppy with a Chance of AI
""In investing, the obvious is often wrong." – Jim Rogers
MARKET RECAP
Stocks Stumble into the Weekend
Wall Street had a moody Thursday—and it wasn’t just the weather. The major indexes danced in and out of the red as investors parsed every syllable from the latest Fed chatter. The result? A market that looked like it couldn’t decide whether to sip espresso or chamomile tea.
📉 S&P 500 fell 0.4%
📉 Nasdaq dropped 0.7%
📉 Dow Jones slipped 0.3%
📈 10-Year Treasury Yield ticked up to 4.42%
MARKET NEWS
Fed Whispers, Tech Wobbles & AI Keeps Buzzing
🧠 Fed Watch: Jerome Powell didn’t exactly drop the mic, but his cautious tone on inflation had markets second-guessing a September rate cut. Wall Street now sees a 60% chance of a cut in September—down from 75% earlier this week.
💻 Tech Stumbles: After an electrifying rally, big tech hit a speed bump. Nvidia lost steam (-2.8%) after an analyst downgrade citing “valuation vertigo.” Meanwhile, Apple stayed mostly flat—investors still digesting its AI announcements from WWDC.
🤖 AI Mania Continues: Speaking of AI, the buzz isn't fading. Palantir and Snowflake both surged earlier in the week thanks to bullish AI guidance, but profit-taking kicked in Thursday. Still, AI remains the market’s favorite three-letter word.
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WHATS HOT
🚀 Trending Stocks
1. Tesla Inc. (TSLA)
Tesla's stock has shown resilience, gaining 1.77% this week. The company continues to be a focal point in the electric vehicle sector, with investors closely monitoring its production and delivery numbers.2. Microsoft Corporation (MSFT)
Microsoft's shares have experienced a modest increase of 0.48% over the week. The company's strategic investments in artificial intelligence and cloud computing are contributing to its steady performance.3. Alphabet Inc. (GOOGL)
Alphabet's stock has declined by 1.5% this week. Despite this, the company remains a leader in the digital advertising space, with ongoing developments in AI and cloud services.4. Amazon.com Inc. (AMZN)
Amazon's stock has decreased by 1.05% this week. The company's diverse business model, encompassing e-commerce, cloud computing, and AI, continues to attract investor interest.5. Apple Inc. (AAPL)
Apple's stock has seen a slight increase of 0.32% this week. The company's innovation in consumer electronics and services keeps it in the spotlight among investors.
GLOBAL NEWS
🌎 Around the world
Middle East Tensions Escalate
President Trump is reportedly nearing a decision on potential U.S. airstrikes in Iran, following Iranian missile attacks on an Israeli hospital. In response, French President Emmanuel Macron has called for renewed negotiations with Iran to address nuclear concerns
Northern Ireland Unrest
Ongoing riots in Northern Ireland, sparked by an alleged assault involving Romanian-speaking teenagers, have led to 64 police officers injured and over 30 arrests. The unrest has targeted ethnic minorities and law enforcement across multiple cities.
China-Taiwan Military Tensions
China has dispatched 74 warplanes toward Taiwan, with 61 crossing the central line of the Taiwan Strait, heightening military tensions in the region.
Italy Faces Travel Disruptions
A nationwide 24-hour general strike in Italy has caused significant disruptions to air, rail, and local transport services, leaving travelers stranded and services canceled or delayed.
Canada Leads in LGBTQ2 Support
According to Ipsos' annual Pride Report, Canada is among the few nations where support for LGBTQ2 rights has increased, contrasting with global declines in the 26 countries surveyed .
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