S&P 500, Nasdaq post record closing highs; Fed meeting, CPI ahead
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
Citi: Nasdaq favored while EU banks shunned
June 11, 2024 6:17 AM EDTAnalysts at Citi said in a note that amidst the market uncertainty, the Nasdaq is favored.
The investment bank explained in its equity markets positioning model note this week that investor positioning in US equities stabilized after a pick-up in long flows over the past week.
Meanwhile, Nasdaq's... More
UBS explains how to invest in tech stocks
June 10, 2024 5:00 PM EDTIn a note Monday, UBS analysts said they see big opportunities in tech, particularly in those leveraging artificial intelligence (AI).
Their note, "How should I invest in tech?" emphasizes AI as a key driver, stating, "We think the adoption of AI will unlock value across a number of sectors."
For investors, UBS highlights information technology stocks as their "most preferred"... More
BTIG: Industrials, builders, hotels vulnerable while med devices look timely
June 10, 2024 11:34 AM EDTIn a note to clients Monday, BTIG analysts warned of potential weakness in certain sectors while identifying relative bright spots.
Despite ongoing bullish sentiment, BTIG remains "tactically cautious" due to the S&P 500 trading "over 12% above its 200 DMA," a level it historically hasn't sustained for long... More
BofA: Bank stocks should remain well bid into US elections
June 10, 2024 5:40 AM EDTBank of America (BofA) analysts see positive signs for bank stocks heading into the US elections.
The note highlights how elections can significantly impact stock performance, noting the performance of Mexican and Indian equities in response to election surprises last week.
BofA believes the upcoming US... More
