Mon, Feb 26, 2024 3:07 PM
With a boost from Nvidia results, UBS says AI is 'tech theme of the decade'
A Flip by Shubhangi Gupta
U.S. stock indexes opened slightly higher on Tuesday, with the S&P 500 and Nasdaq extending gains for a fourth straight session, buoyed by expectations that the Federal Reserve will ease monetary policy this year. The Dow Jones Industrial Average rose 6.7 points, or 0.02%, at the open to 38858.94. The S&P 500 rose 6.5 points, or 0.12%, at the open to 5187.2.
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Billionaire investor and wealth manager Stanley Druckenmiller has pared his holding in chip manufacturing giant Nvidia in March, noting in an interview with CNBC's show Squawk Box that the run up may have been overdone.“We did cut that and a lot of other positions in late March. I just need a break. We’ve had a hell of a run. A lot of what we recognized has become recognized by the marketplace.
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US stock indices opened marginally higher on Tuesday, buoyed by expectations that the Federal Reserve will ease monetary policy this year.At the opening bell, the Dow Jones Industrial Average rose 6.7 points, or 0.02%, to 38858.94. The S&P 500 rose 6.5 points, or 0.12%, to 5187.2, while the Nasdaq Composite rose 9.1 points, or 0.06%, to 16358.343.
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