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US MOVERS&SHAKERS May 27-May 31, 2024
Here are the top 10 gainers and losers of the week.
Implications of the collapse of US software stocks: At least at this stage, AI is a replacement for software, not a benefit!
Driven by the AI boom, the tech industry is currently undergoing an unprecedented drastic reshuffle. This week's earnings reports from software and enterprise technology companies reveal the pain of this turning point — performance is generally weak, and the outlook is uncertain.
Expectations are full! Just next week, the ECB will take the lead in starting a cycle of interest rate cuts
The ECB's interest rate cut in June was fixed, but Deutsche Bank believes that the ECB is still plagued by high inflation, weak growth, upward pressure on wages, and exchange rate fluctuations. It is expected that it will not cut interest rates month by month but only once every quarter.
June's Must-See Financial Events: Fed Interest Rate Decision, Nvidia Stock Split, Apple WWDC 2024, Tesla Shareholder Meeting
Check out key events in June here.
Nasdaq, S&P 500 Soar in Final Minutes Despite Selloff in Tech Megacaps | Wall Street Today
Stocks traded volatilely Friday as Wall Street marked May's final market day, but the main indexes ended the session higher.
Wall Street Snaps Five-Week Winning Streak, Economic Growth Slows, Inflation Holds Steady in April: This Week in the Market
The U.S. stock market ended a five-week positive streak as investors feared that slowing economic momentum could impact the earnings outlook for American corporations.