Both the S&P and NASDAQ indices closed at record levels on Thursday ahead of the July 4 holiday. Last week, the broader indices closed higher on three separate days (of the four trading days).
Dow Jones Industrial Average (DJI): 44,735.65, ↓ 92.88 (-0.21%)
NASDAQ Composite (IXIC): 20,471.53, ↓ 129.57 (-0.63%)
Citi raised its price targets on Nvidia and Broadcom, citing strong fundamentals and improved outlooks. Nvidia’s target was lifted to $190 from $180, with analysts highlighting stronger-than-expected sovereign demand for AI. Broadcom’s target was increased to $315 from $285, reflecting a higher projected price-to-earnings multiple.
Tesla shares are also under pressure down -7.46% after Elon Musk ventured back into politics with his announcement of the forming of a third political party - the American Party. Investors don't love the idea. Pres. Trump says Musk has gone completely off the rails
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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