Broker call● Neutral for Indian equities
An AI ‘reality check’ may take the S&P 500 to 5,000. Here are the trades to make, this strategist says.
The brief
- Watch AI spending during the upcoming earnings season, strategist Joachim Klement said
- Stocks upbeat, dollar wobbles as Fed hike bets recede
- Rising US Treasury yields put pressure on Wall Street’s AI rally
- Nasdaq hits record as weak US jobs data cools rate-hike bets
- US Stock Market Today: Nasdaq Jumps 1%, Dow Up 300 Points As Yields Retreat After Weak Jobs Data
- Rising bond yields, US midterms and earnings challenge stocks’ usual fourth-quarter strength