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ASX 200 to slip, S&P 500 lower on Nvidia weakness + Copper, gold stocks to fall

From livewiremarkets.com

Major US benchmarks were mixed in relatively uneventful Friday trading. US weekly recap – Dow (+1.45%), Russell 2000 (+0.79%), S&P 500 (+0.61%), Nasdaq (+0.00%). Equal Weight S&P 500 outperformed the official index by 56 bps last week. The big question – Is the rally beginning to rotate into other sectors outside of tech or is this the beginning of a broad-based sell off? AI frenzy drives record inflows into tech funds. Tech investor trimming his Nvidia holdings after questioning earnings growth prospects. Yen falls to 34-year lows, nears level that triggered suspected intervention in April. Stocks: American Airlines ... (full story)

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  • Category: Fundamental Analysis