Wall St slips with inflation data on deck
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- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
- US nonfarm payrolls blow past expectations in August; unemployment rate steady at 4.1%
- BofA's Hartnett says stay long commodities and gold as 'policy panic' works
- Oil ends week higher on renewed US-Iran strikes, diesel hits record
- TikTok owner ByteDance said to secure $29.6bn loan for AI push
- S&P Dow Jones Indices adds Bloom Energy to S&P 500 index
- Citi highlights best Gen AI stocks to own for 2027
- Dell’s earning report was bullish for Intel CPU demand, analyst says
- Netflix raises prices in Germany and Austria, Citi comments
- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
- After-Hours Movers: LULU, IOT, PATH, DOCU, ASAN, GWRE, ZS, PL, SWBI, OXM
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- After-Hours Movers: DELL, PANW, GTLB, CRDO, MDB, HPE, SMCI
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Funds have rotated into tech-heavy markets, mainly at the expense of Europe - HSBC
February 28, 2024 11:43 AM ESTAccording to analysts at HSBC, funds have rotated into tech-heavy markets, mainly at the expense of Europe. The firm said in a note that European funds are cutting their cyclical exposure relative to defensives.
"Despite a slower than expected fall in bond yields, signals of a delayed decline in interest rates by the major central banks, geopolitical tensions in the Middle... More
