Vanguard Says US Tech 'Euphoria' Can Break One or Two Ways

Joe Davis, chief economist and global head of investment strategy at Vanguard, says the valuation gap between tech and other stocks will narrow in the coming years. "I think we can see some modest deceleration in the tech sector, at some point it has to come," Davis says on Bloomberg Television. "But if the economy holds up, I think other parts of the market could catch up and I think that would be good news."

BloombergJun 19 06:23 ET

Goldman Sachs: It has indeed been a long time since the last adjustment, but the US stock market is not expensive.

Goldman Sachs pointed out that the last time the S&P 500 index fell by more than 2% in a single day was in December 2022. Since then, the US stock market has been on an overall upward trend and has continued for 376 days. Moreover, the US stock market is not currently in an 'overvalued' state, with the P/E ratio of the top 10 market cap stocks in the S&P 500 index being about 30 times, compared to about 47 times during the peak of the 2000 internet-related bubble.

wallstreetcnJun 18 20:44 ET

BlackRock Sees No AI Bubble and Says AI Winners Will Drive Market Returns for a While

A “concentrated group of AI winners” should drive market returns over a short-term tactical horizon of six to 12 months, it said. BlackRock did not specify any stock names.

Seeking AlphaJun 18 18:09 ET

No Stopping S&P 500's Record Rally as Nvidia Beats Microsoft| Wall Street Today

There's no stopping the S&P 500's record rally. As usual, the benchmark got a boost from Nvidia, which bumped off Microsoft as the world's most valuable company.

Moomoo Recap USJun 18 16:38 ET

IBKR Says It Saw 'Massive' Net Buying in Nvidia Following AI Chipmaker's 10:1 Stock Split

Seeking AlphaJun 18 16:17 ET

S&P 500 Notches Fresh Record as Nvidia Unseats Microsoft as Top Stock

The S&P 500 notched another intra-day record, as semiconductors continued to hog the limelight, with Nvidia bumping off Microsoft as the world's most valuable company.

Luzi Ann SantosJun 18 16:07 ET