J.P.Morgan brings forward Fed rate cut forecast to September
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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
- 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
- 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
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Raymond James: 'A new short-term (1-3 week) corrective phase is underway'
August 11, 2025 7:52 AM EDTRaymond James: 'A new short-term (1-3 week) corrective phase is underway'
The analyst comments "What Is Happening: A new short-term (1-3 week) corrective phase is underway as new daily mechanical sell signals remain in place on the S&P 500, Nasdaq 100, and Russell 2000 (see red circles, top panel, Exhibits 6, 10, and 12). Our View: Four developing technical negatives suggest... More
