Nasdaq posts record closing high with tech gains, rate cut optimism
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- S&P 500 ends lower; chips tumble and Moderna rallies
- SpaceX weighs Starlink mobile service to US consumers, FT reports
- U.S. chip stocks retreat after Apple price hikes stoke fears over AI trade
- Morgan Stanley flags Fed hike risk if unemployment drops below 4%
- UBS trims AI portfolio exposure to semis and hardware after recent rally
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
