Our road map does begin with tech stock volatility. Adobe shares are tumbling. Microsoft, though, record highs. Tesla and nvidia, those stocks, at least recently for nvidia, saying its a struggle may be an overstatement, but they certainly have not been going up. The nasdaq 100 pointed to its first backtoback weekly loss since last october. Plus tiktoks owner, bytedance, on track to surpass Metas Facebook as the Worlds Largest social Media Company by sales. And the chamber of commerce suing the s. E. C. Over new Climate Disclosure rules, a lot to unpack there. And were going to begin with the road ahead. In particular, for what has been driving this market for quite some time, and that is namely what we call the Mega Cap Technology companies, a. I. , particularly generative a. I. , and mike, ill turn to you. We just mentioned, of course, nvidia shares, which, yesterday, we discussed. I mean, jim and i, years ago, developed this thing called the key to this market, and it does feel like
Ashley thank you, charles. Im ashley webster, stocks are slipping as we kick off the final hour of trade, where we finished the day, the doubt up to snack a 3 day winning streak, falling below 39,000 as you can see, 200 points, the s p, nasdaq on pace for a second day of declines in a row but keep in mind all three major averages remain within striking distance of records, less than one below alltime highs. It is all relative. Rising bond yields putting pressure on stocks, 2 year treasury yield is the highest level in three weeks, 6. 3 basis points, 10 year treasury yield rising for the fourth straight session, 4. 3 as the market digests a wholesale inflation report. Investors in spring their timeline for rate cuts and the potential for a higher scenario. We also have retail sales, the report came in later than expected but at least sales did rebound after a steep decline in january. One retailer thats firing on all cylinders, dicks sportinggoods, stand out retailer on this session, up
Formula is going to hurt its Third Quarter revenue. Plus, apple has reportedly sold two suppliers. Its cutting orders for the new model of its iphone and upping orders on its high end 5s. Hello and welcome to this wednesday on Worldwide Exchange. Plenty to talk through on todays show with the clock running down on debt ceiling. Well hear from one guest who says markets are still unfaced by the risk of default. Clearly if you take a look at the price action, john kenalli joins us. Never mind the debt ceiling threat, one of the biggest ipos join us. Japans softbank had a boost after securing a majority stake in the finish gamemaker supersoft. Could this be a sign of more m a in the pipeline . And here in london, we get the latest unEmployment Data 23430 minutes. Has the rate dropped closer to the knockout for forward guide yaps . If thats not enough, the London Stock Exchange is playing host to russian Business Leaders. Thats a first on cnbc at 10 40. But first, as you might expect, u. S
OVERLAND PARK, KS / ACCESSWIRE / June 7, 2024 / Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) today declared the June monthly distribution of $0.105 per share payable on June 28, 2024
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