Amazon, Netflix and Disney Buoyed by End of Hollywood Writers Strike
Hollywood writers have agreed to end their strike action. The strike ended in the early hours of Wednesday morning.
Hollywood writers have agreed to end their strike action. The strike ended in the early hours of Wednesday morning.
The tech giant upped its Artificial Intelligence game with the investment in Anthropic this week, but was also sued by the FTC for anticompetitive practices, in regards to its online retail market
Similar to yesterday’s article, the NAS100 is also showing worrying signs of technical weakness. Like the SPX500, the NAS100 has charted a lower peak followed by a lower trough. This puts the growth index into a defined downtrend. Its weekly RSI has also dipped below 50, which is on the bearish side of the indicator. If it maintains below 50 for an extended period, the NAS100 will be under pressure.
Watch today’s US Open for insights on the BoJ continued dovish stance, the ECB-Fed differential, Amazon’s investment on AI firm Anthropic and more
As we head towards the conclusion of Q3 at the end of the month, the SPX500 has flashed a serious warning sign. The index has charted a lower peak followed by a lower trough on the weekly times frame. This is a defined downtrend.
Take a look at some major corporations that will be in the spotlight over the coming months, as the fourth quarter gets underway against diminishing AI frenzy and uncertain monetary outlook
Take a look at some major corporations that will be in the spotlight over the coming months, as the fourth quarter gets underway against diminishing AI frenzy and uncertain monetary outlook
Weakness is starting to seep into the NAS100, with the index charting a lower peak.
The effects of the strike are starting to be felt, with FXCM’s US Automobiles basket starting to show signs of pressure.
The tech-heavy index treads water as Arm slides after its strong IPO and market participants turn their attention to Wednesday’s policy decision by the Fed
Since the end of July, the US 10-year real yield has been moving upwards. US data has been strong, and inflation is proving to be sticky. The thinking has shifted that rates may be higher-for-longer.
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