View full page at metalsmine.com

 

Global Market Quick Take: Asia – June 3, 2024

From home.saxo

Equities: U.S. stocks saw a significant surge in the last 1 hour of trading, finishing the week near their day highs. Despite this late surge, S&P 500 still ended the week lower but still made considerable gains for the month of May, gaining 4.8%. Despite the strong reversal, signs of vulnerability emerged within the large cap tech sphere during the week, underscored by Dell Technologies' sharp 20% decline post a bleak margin forecast and an earnings guidance miss, impacting sentiment across related segments including PC manufacturers and data center AI contenders. The software industry faced its own set of ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis