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Nasdaq climbs above Friday's high in 1% gain

The one-way trade in the Nasdaq since May has extended further, with the index rising 1.0% to the best levels since April 2022.Intel is leading the way today with a 4% gain despite incoming China export controls on semiconductors. Tesla and Activision-Blizzard are other notable gainers. Tomorrow we get the US retail sales report for June with expectations for a 0.5% rise. A strong report would actually hurt the Nasdaq because it could mean higher US interest rates for longer. Ideally, it would c... Read More

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Posted: Jul 17 2023, 19:28

Author Name: forexlive

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