Tech stocks led the morning losses, with the Hang Seng Tech Index sliding by 2.00%. The Major tech players Tencent (0700) tumbled 6.99%, while Alibaba (9988) and Baidu (9888) posted losses of 1.40% ...
Over the past decade, the market capitalization for the Magnificent Seven has grown close to 800 percent. The rest of the S&P 500 has seen its market cap increase by about 150 percent.
Evercore ISI strategists led by Julian Emanuel recently said rising Treasury yields pose the biggest challenge to the bull market in stocks, warning that a 10-year yield above 4.75% could potentially ...
Wall Street giants like Goldman Sachs and UBS think AI investments will continue to grow in the coming years as the AI revolution transitions to Phase 3 of companies monetising the technology to boost ...