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17-18 July Market Movers: Chip Stocks, Forex & Trump
On Wednesday and Thursday (17-18 July) chip stocks and the US dollar weakened driven by remarks from Trump and trade tensions. Explore more.
On Wednesday and Thursday (17-18 July) chip stocks and the US dollar weakened driven by remarks from Trump and trade tensions. Explore more.
The first trading day of July was marked by share price gains for Tesla and Nvidia, with traders potentially having been encouraged by positive forecasts for these two firms.
U.S. markets had a mixed close on Tuesday, June 25, with the Nasdaq and the S&P 500 gaining, driven by Nvidia's rebound, and the Dow Jones sliding. Investor caution grew as June nears an end and the Fed grew more hawkish ahead of Friday’s PCE report.
Fueled by a plunge in Nvidia's share price yesterday, Monday, June 24, the Nasdaq Composite experienced its worst trading day since April 2024. This selloff extended to other tech-related stocks, raising concerns about a potential extended decline. Will the tech sector continue to falter?
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