Nvidia & Broadcom tumble on AI funding jitters; Oracle shares plummet, dragging Nasdaq lower.
Nasdaq tumbles 1.8% on AI stock drops & Oracle's 13% sell-off; oil prices gain.
PBOC sets USD/ CNY mid-point today at 7.0583 (vs. prior close at 7.0450). In an unusual step, the Bank injected OMO funds via 14 day reverse repos
Fed's Waller hints at 1% rate cut potential! Traders eye bond yields as policy remains restrictive.
AVAV's stock up 40% YTD, but valuation at 67x P/E. Analysts see 68% upside despite recent EPS miss.
South Korea flag FX volatility risks as policy divergence bites (they should call the RBI). The Reserve Bank of India intervention yesterday sent USD/INR into a tailspin, but a 50% or so recovery ensued.
SPX -1.16%, Nasdaq -1.93% on AI rout & BTC dump. Energy & metals surge on Venezuela tensions. Fed hints at cuts.
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