Can the 8-Day Winning Streak of US Stocks Continue?
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Microsoft hit record high as Nasdaq secured an 8-day winning streak
Nasdaq Composite rose for eight consecutive days, with Microsoft standing out, surging 15% to a record high. Microsoft's share price outperformance was largely driven by recent strong quarterly earnings report. However, Microsoft's 14-day RSI reached 72, which is approaching extreme overbought status, indicating potential short-term risk signals.
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