S&P 500, Nasdaq hit record highs on AI momentum, Dow edges up after weak retail sales
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StreetInsider.com Top Tickers, 6/23/2026
- S&P, Nasdaq drop on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil drops $1 as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- 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
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
UBS: Small caps to outperform over the near term
June 18, 2024 8:41 AM EDTUBS analysts predict strong potential for small-cap stocks in the coming months. Their research highlights a historical correlation between small-cap performance and Treasury yields.
"Over the past year, Small Cap stocks have outperformed when Treasury yields have declined," states the UBS note. Conversely, small caps have underperformed during... More
Citi lifts S&P 500 year-end target to 5600
June 18, 2024 7:16 AM EDTCiti analysts have raised their S&P 500 year-end 2024 target to 5600 while also initiating mid- and full-year 2025 projections of 5700 and 5800, respectively, in a note Tuesday.
According to Citi, "Our full-year earnings estimate is increased to $250 from a long-standing above-consensus $245 estimate. For '25, we initiate a $270 estimate."
Citi's analysis considers three key influences: NVDA, other major growth stocks,... More
