"Fed Rate Hike Doubts Stall Stocks Amid FOMO Momentum"

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Source: CNBC
"Fed Rate Hike Doubts Stall Stocks Amid FOMO Momentum"
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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.

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