BofA: S&P 500 on track for stronger 2H after positive 1H
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- S&P 500, Nasdaq futures tick up as tech steadies, Micron earnings eyed
- Brent extends losses on expectations of smoother crude flows via Hormuz
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Oil market losses easing as nearly 80% of disrupted supply returns, UBS says
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
BTIG: Significant divergences still remain heading into 2H
July 1, 2024 8:14 AM EDTBTIG analysts warn that "significant divergences still remain heading into 2H" in a recent note.
The investment firm highlights the underperformance of small-cap stocks and lingering questions about interest rates.
The "breadth expansion" of late 2023, characterized by strong performance across sectors, failed to materialize despite easing inflation and lower interest rates, they... More
