Broadcom’s Revenue Forecast Misses Expectations – US Tech Stocks Decline – Gold Rises for the Fourth day in a row – DAX Turns Negative in the Afternoon – Rivian Automotive Presents its own AI Chip – Retatrutide From Eli Lilly More Effective Than Expected - Potential Easing of US Marijuana Regulation Drives Cannabis Stocks
Reading Time: 9 minutes
The US stock markets are showing renewed weakness, particularly as technology stocks decline, slowing down the recent upward momentum. The Nasdaq 100 drops by 1.92%, weighed down especially by Broadcom (-11.38%) , whose revenue forecast falls short of high expectations. The S&P 500 is slightly in the red after reaching a record high the previous day. In contrast, blue chips and small caps continue their rally, heading towards new highs – a sign of broader market participation after months of tech-driven gains. Will the S&P 500 exceed...
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