๐ Bet on NVIDIA Stock Movement and Win Tiger Coins!
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Market Highlights ๐ก - 24 June 2024
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Below are Today's Key Takeaways.
Top News Move the Market
The Dow rallied on Monday to a one-month high, while the Nasdaq tumbled over 1% as investors rotated out of AI-linked stocks and added some laggards to their portfolios, betting on Federal Reserve interest rate cuts this year.
The S&P 500 and Nasdaq ended lower on the rotation out of technology stocks whose outsized gains have led this year's rally. Still, nine of the S&P 500's 11 major industry sectors gained ground.
Nvidia stock declined 6.7% after closing down 3.2% on Friday. Shares of the leading maker of artificial-intelligence chips have fallen for three straight sessions. Having briefly become the worldโs most valuable company last week, Nvidia has now dropped back behind Microsoft and Apple in market value.
Trump Media & Technology Group stock jumped 21%. The parent company of former President Donald Trumpโs Truth Social platform said Friday it expects proceeds of more than $69.4 million from the exercise of warrants last Thursday and Friday. The Securities and Exchange Commission last week signed off on the companyโs registration statement and on the resale of shares and warrants. Trump Media has said it could potentially bring in proceeds of $247 million if all warrants are exercised.
Shein confidentially filed papers with Britain's markets regulator in early June, two sources said, kicking off the process for a potential London listing by the online fast-fashion retailer later in the year.
The China-founded company, which was valued at $66 billion in a fundraising round last year, began to explore a listing on the London Stock Exchange early this year, Reuters reported in May, citing sources. Shein's original plan to list in New York came unstuck following opposition from U.S. lawmakers.
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๐๐๐ Bet on NVIDIA Stock Movement and Win Tiger Coins!
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Nvidia's rise and fall forecast vote(Single choice)Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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