Indexes dip: SPX -0.16%, Nasdaq -0.51%. AI stocks AVGO, ORCL slide on valuation fears. Dovish Fed hints support.
Japan’s flash composite PMI eased to 51.5 in December but stayed in expansion for a ninth month, with services-led growth, improving job creation and easing factory contraction offset by weak exports and rising cost pressures.
Tech stocks dump 3% on AI spending fears; DJIA wobbles as yields climb. Traders eye key data this week.
PBOC is expected to set the USD/CNY reference rate at 7.0444 – Reuters estimate. At around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets.
Quantum computing stocks like IONQ & RGTI eye Nvidia's gains, but watch for bubble risks & valuation scrutiny.
Pot stocks dip 4-13% on reclassification hopes; Schedule III could slash taxes & boost funding.
Trump's tariffs hit $200B, but carve-outs weaken impact. Traders eye global trade risks & valuation shifts.
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