Wall St loses steam, dollar gains as investors mull rate cut timing
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StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- FedEx falls 4% as FY2027 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
BofA clients were were net sellers last week
May 7, 2024 1:58 PM EDTIn its equity client flow trends note this week, analysts at Bank of America said its institutional, hedge fund and private clients were all net sellers of US equities last week.
While buybacks remained strong, BofA noted single stock driven selling last week, with clients selling stocks but... More
JPMorgan Says US Forward Price-to-Earnings Ratio is 'Very Stretched'
May 7, 2024 7:05 AM EDTJPMorgan Says US Forward Price-to-earnings Ratio is 'Very Stretched'
The analyst comments "We are concerned about inflation staying too high if there is no slack created in the economy, adverse bonds demand-supply with negative term premia, consensus expectation of profit acceleration of almost 20% between Q1 and Q4 of... More
