By the time Tuesday ended, US market was lower for S&P 500 and Nasdaq.
Analysts have attributed it to (a) Profit taking on richly valued technology stocks, esp those AI and chip in nature, (b) Rotation away from tech and into cyclical/economically sensitive sectors and for some reason/s (c) cautious trading ahead of new Fed chair Kevin Warsh FOMC meeting outcome.
Will the down trend continues into Wednesday trading ? Your guess is as good as mine... Let's catch up again closer to Wednesday trading.
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