I can't accept that the Administration 'wants' the U.S. to have a recession; you already see political pushback about the heavy approaches from constituents around the Country. So it's a question of whether this was 'detox' or 'dealing'.
OpenAI is reportedly interested in working with Reliance’s businesses such as wireless carrier Jio to sell or distribute its AI solutions, while Meta is seeking to work with the Indian company on new AI businesses.
Seasonal patterns and market internals offer hope that the short-term bounce will materialize into stronger market action. However, there is much the markets will need to accomplish to confirm the readings.
For the second week in a row, the Nasdaq 100 traded in a sideways pattern. Last week, it fell 2.5% but recovered from a 5.2% decline at one time. This week, the tech-heavy index inched up 0.25 percent to 19754. That gain follows four weekly drops.
The JPMorgan Nasdaq Equity Premium Income (JEPQ) ETF is doing relatively well this year in terms of inflows and total returns. It has brought in over $3.5 billion in total inflows as investors continued looking for its yield.
Wall Street remains in the red heading into the end of the week, with major indexes posting modest midday losses in New York, though well off the session’s earlier lows.
Morgan Stanley analysts cited lower-than-expected deliveries in their updated models, an aging lineup, and a "buyer's strike" driven by negative brand sentiment.
