"Fed Rate Hike Doubts Stall Stocks Amid FOMO Momentum"

TL;DR Summary
US stocks fell on Friday, snapping their six-day winning streak, but the S&P and Nasdaq hit their highest levels since April 2022. Goldman Sachs cut its growth forecast for China this year from 6% to 5.4%, and Tesla's value depends on whether it can perfect autonomous driving technology. Bank of America's Chief Investment Strategist Michael Hartnett admitted that bears have been wrong, but he worries it'll be a "big rally before big collapse." Microsoft's stock hit an all-time high of $342.33 per share on Friday after integrating AI with its products earlier than most other rivals.
- CNBC Daily Open: Fueled by the FOMO momentum CNBC
- Stocks may miss 'summer doldrums' given doubts about more Fed rate hikes MarketWatch
- Stocks rally stalls, eyes on Powell testimony for US rate clues Yahoo Finance
- The Fed upped its estimate of what taming inflation will take | Mint Mint
- CNBC Daily Open: The FOMO momentum CNBC
Reading Insights
Total Reads
0
Unique Readers
9
Time Saved
2 min
vs 3 min read
Condensed
83%
562 → 96 words
Want the full story? Read the original article
Read on CNBC