Wall Street Takes a Breather After the Tech Rally - Super Micro (+15%), AMD (+6%) and NVIDIA (+2.15%) are Riding the Saudi AI Wave. DAX (-0.60%) Stumbles After Record High - Rate Concerns and Sanctions Weigh on Europe's Markets!
Reading Time: 5 minutes
After the wild roller coaster ride of the past weeks, Wall Street takes a breather – the S&P 500 (+0.01%) and Dow Jones (+0.15%) barely moved on Wednesday, May 14, while the Nasdaq recorded a small gain of 0.35%. The pause is not surprising: since the April low, markets have staged an impressive rally of about 22%, moving back into positive territory for the year. The Dollar is also weakening, following rumors that President Trump may urge other governments to devalue their currencies. The Asian markets presented a mixed picture –...
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