Reported 1 day ago
Citi strategists cautioned that US technology stocks, particularly the Nasdaq 100, are at risk as investors attempt to capitalize on the year’s remarkable gains, fueled by excitement over artificial intelligence advancements. Despite ongoing optimism and record highs for the Nasdaq, profit-taking could hinder further gains, especially amid elevated bullish sentiment among investors. Recent data indicates a significant portion of traders expect positive performance in the market, but indicators suggest the potential for subdued returns ahead.
Source: YAHOO