AI and growth tech stocks have been dropping this week amidst higher expectations and Broadcom's earnings disappointing Wall Street. The broader marker has also dipped, with rate hikes now more likely than a rate cut and US-Iran tensions escalating once more. This mini pullback is definitely expected, and I can see more people pulling out of equities and holding cash in the latter half of the year.
☕️ [Task Coins Giveaway] Daily Market Talk — Dow Hits Record High as Semiconductors Sell Off 2%
🇺🇸🇭🇰🇸🇬 Big moves across US, HK, SG markets. Dow surges to ATH while semiconductors drop 2%, Marvell retreats after a 54% week. Singapore Manufacturing PMI hits 10-month high. NFP tonight at 20:30 SGT.
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