Wall Street rallies, S&P 500 posts record closing high
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StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Qtrex Quantum executives plan to buy up to 2M shares over 12 months
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
BofA: Momentum has already rotated into cyclicals
March 7, 2024 2:00 PM ESTThe market momentum has already rotated into cyclicals, according to analysts at Bank of America.
The investment bank explained in its research note Thursday that often when their "Global Wave" inflects and turns positive on the global cycle, momentum-based strategies can underperform while the constituents of Momentum rotate from... More
UBS: Macro backdrop is favorable for quality bonds
March 7, 2024 10:51 AM ESTUBS analysts said in a research note on Thursday that the current macro backdrop is favorable for "quality bonds."
The bank points out that while the ascent in US equities to all-time highs has grabbed headlines recently, US Treasuries have also rallied over the past two weeks.... More
