A rally in Wall Street stocks faded on Friday, ending a six-week rise in the S&amp;P 500 index. Still, the main takeaway after a week in which bond yields surged to the highest since July, inflation worries resurfaced, and US presidential politics simmered, none of it really bothered risk-asset bulls.

A six-week rally in the S&amp;P 500 that had been the longest since December came to an official end. The index was dragged down by banking stocks despite a surge in tech shares.

A selloff in treasuries sent US 10-year rates to their highest level since July, igniting alarm on Wall Street. Another indication that months of almost record calm are coming to an end is the rise in volatility indices.

And yet, there was little evidence of panic. The Nasdaq 100 closed within 2 per cent of its record peak ahead of a historic week of tech results. A gauge of the "magnificent seven" US megacaps notched its best back-to-back jump since February.&nbsp;

Crypto shares sank after the Wall Street Journal reported that the US is looking into tether for potential anti-money-laundering regulation breaches. Perhaps none of the legal actions taken by US authorities against crypto firms in the last year pose as big of a danger...

To the digital asset market as a possible crackdown on tether holdings. Tether is the issuer of USDT, a token with a market valuation of over $12 billion. The coin is intended to serve as a digital alternative to the US dollar.

It is the most traded token on a daily basis and the third-largest crypto in terms of market value.

A rally in Wall Street stocks faded on Friday, ending a six-week rise in the S&P 500 index. Still, the main takeaway after a week in which bond yields surged to the highest since July, inflation worries resurfaced, and US presidential politics simmered, none of it really bothered risk-asset bulls.

A rally in Wall Street stocks faded on Friday, ending a six-week rise in the S&P 500 index. Still, the main takeaway after a week in which bond yields surged to the highest since July, inflation worries resurfaced, and US presidential politics simmered, none of it really bothered risk-asset bulls. A six-week rally in the S&P 500 that had been the longest since December came to an official end. The index was dragged down by banking stocks despite a surge in tech shares. A selloff in treasuries sent US 10-year rates to their highest level since July, igniting alarm on Wall Street. Another indication that months of almost record calm are coming to an end is the rise in volatility indices. And yet, there was little evidence of panic. The Nasdaq 100 closed within 2 per cent of its record peak ahead of a historic week of tech results. A gauge of the "magnificent seven" US megacaps notched its best back-to-back jump since February. Crypto shares sank after the Wall Street Journal reported that the US is looking into tether for potential anti-money-laundering regulation breaches. Perhaps none of the legal actions taken by US authorities against crypto firms in the last year pose as big of a danger... To the digital asset market as a possible crackdown on tether holdings. Tether is the issuer of USDT, a token with a market valuation of over $12 billion. The coin is intended to serve as a digital alternative to the US dollar. It is the most traded token on a daily basis and the third-largest crypto in terms of market value.

Wall Street bulls end week unrattled after fast run-up in yields

Let's look at the worst selloff in US stocks since a meltdown in early August. Worries about the state of the global economy were fuelled by bad US data and plunging oil prices. This sent Asian stocks tumbling after Wall Street had its worst day since the August 5 crash. Meanwhile, AI-darling nVIDIA suffered a $279 billion rout in market value.

Nvidia drives a deep plunge in tech stocks

State investor Temasek Holdings of Singapore spent billions of dollars buying up stakes in US technology giants in the second quarter, just ahead of a sectorial decline in July.

Temasek lifted the value of its stakes in 11 large technology companies by $3.3 billion in the quarter ended June 30, based on an analysis of the two most recent 13F filings. The lion's share of that $3.2 billion went into six of those firms: Microsoft Corp., Apple Inc., Nvidia Corp., Alphabet Inc., Meta Platforms Inc., and Amazon.com Inc.

By the end of July, however, most of those companies' stocks tumbled amid concern about the extent of AI-related gains and fears of a recession. Alphabet Inc and Amazon.com Inc share prices have fallen about 12 per cent since the end of June, while Microsoft's are down around 7 per cent over that period.

Many of the tech shares held by Temasek only started climbing this week, and it's not clear how much it invested since June 30. Depending on when the firm bought, it would have either made a profit, sold just before the plunge, or even bought more as it fell in an attempt to buy the dip. These purchases would have accounted for about 1 per cent of its S$389 billion total holdings, based on net portfolio value as of March 31. 
&nbsp; 
The multi-billion buying binge underlines Temasek's commitment to plough more funds into the US. Last month, it said the US would be the biggest destination for its money; it has plans to invest $30 bn over the next five years.

State investor Temasek Holdings of Singapore spent billions of dollars buying up stakes in US technology giants in the second quarter, just ahead of a sectorial decline in July.

State investor Temasek Holdings of Singapore spent billions of dollars buying up stakes in US technology giants in the second quarter, just ahead of a sectorial decline in July. Temasek lifted the value of its stakes in 11 large technology companies by $3.3 billion in the quarter ended June 30, based on an analysis of the two most recent 13F filings. The lion's share of that $3.2 billion went into six of those firms: Microsoft Corp., Apple Inc., Nvidia Corp., Alphabet Inc., Meta Platforms Inc., and Amazon.com Inc. By the end of July, however, most of those companies' stocks tumbled amid concern about the extent of AI-related gains and fears of a recession. Alphabet Inc and Amazon.com Inc share prices have fallen about 12 per cent since the end of June, while Microsoft's are down around 7 per cent over that period. Many of the tech shares held by Temasek only started climbing this week, and it's not clear how much it invested since June 30. Depending on when the firm bought, it would have either made a profit, sold just before the plunge, or even bought more as it fell in an attempt to buy the dip. These purchases would have accounted for about 1 per cent of its S$389 billion total holdings, based on net portfolio value as of March 31. The multi-billion buying binge underlines Temasek's commitment to plough more funds into the US. Last month, it said the US would be the biggest destination for its money; it has plans to invest $30 bn over the next five years.

Temasek invested billions in US tech stocks before July market downturn

Apple and Nvidia led a plunge in tech shares on Monday, driven by worries over a US recession and a Berkshire Hathaway move to cut its stake in Apple.

The fall is a sharp reversal after months of technology sector rise. 
The shares of the so-called "Magnificent Seven"—Alphabet, Amazon, Meta Platforms, Microsoft, and Tesla—tumbled as far as 12.2 per cent in premarket trading.

This rout in the marketplace had a spillover effect, wiping out a total of nearly $1 trillion in market value from these companies.

Chip stocks, some of the big winners in Wall Street's rush to invest in companies hitched to the AI wagon, also dropped sharply, with declines of up to 10.3 per cent in Advanced Micro Devices, Intel, Super Micro Computer, and Broadcom.

The widespread selling came after Friday's soft US payrolls report, which nudged investors toward shelter and ratcheted up expectations the Federal Reserve could soon lower interest rates to bolster economic growth.

Berkshire Hathaway said over the weekend it had cut its stake in Apple, its biggest holding, in half, raising concerns about the prospects ahead for the technology sector.

Nvidia shares were also hit by a report that the launch of its new AI chips could be pushed back three months due to design flaws.

If there is a delay, this could affect important customers such as Meta, Google's Alphabet, and Microsoft.

Large technology stocks, which had been driving up the gains on Wall Street for over a year, are under pressure.

This is partly due to indications that the payoff from heavy investments in artificial intelligence may not materialise as soon as some investors hoped.

Reports from Amazon, Microsoft, and Alphabet, the three largest cloud-computing service providers, crushed expectations of seeing AI investments translate quickly into heavy growth.

Dan Coatsworth, an investment analyst at AJ Bell, said: "Expectations have arguably become too high for the so-called Magnificent Seven group of companies. Their success has made them untouchable in the eyes of investors and when they fall short of greatness, out come the knives". 
This upheaval in technology reflects more comprehensive market anxieties as investors struggle to understand mixed signs from the economy while simultaneously trying to reassess their strategies amid rising fears of recession.

Apple and Nvidia led a plunge in tech shares on Monday, driven by worries over a US recession and a Berkshire Hathaway move to cut its stake in Apple. The fall is a sharp reversal after months of technology sector rise.

Apple and Nvidia led a plunge in tech shares on Monday, driven by worries over a US recession and a Berkshire Hathaway move to cut its stake in Apple. The fall is a sharp reversal after months of technology sector rise. The shares of the so-called "Magnificent Seven"—Alphabet, Amazon, Meta Platforms, Microsoft, and Tesla—tumbled as far as 12.2 per cent in premarket trading. This rout in the marketplace had a spillover effect, wiping out a total of nearly $1 trillion in market value from these companies. Chip stocks, some of the big winners in Wall Street's rush to invest in companies hitched to the AI wagon, also dropped sharply, with declines of up to 10.3 per cent in Advanced Micro Devices, Intel, Super Micro Computer, and Broadcom. The widespread selling came after Friday's soft US payrolls report, which nudged investors toward shelter and ratcheted up expectations the Federal Reserve could soon lower interest rates to bolster economic growth. Berkshire Hathaway said over the weekend it had cut its stake in Apple, its biggest holding, in half, raising concerns about the prospects ahead for the technology sector. Nvidia shares were also hit by a report that the launch of its new AI chips could be pushed back three months due to design flaws. If there is a delay, this could affect important customers such as Meta, Google's Alphabet, and Microsoft. Large technology stocks, which had been driving up the gains on Wall Street for over a year, are under pressure. This is partly due to indications that the payoff from heavy investments in artificial intelligence may not materialise as soon as some investors hoped. Reports from Amazon, Microsoft, and Alphabet, the three largest cloud-computing service providers, crushed expectations of seeing AI investments translate quickly into heavy growth. Dan Coatsworth, an investment analyst at AJ Bell, said: "Expectations have arguably become too high for the so-called Magnificent Seven group of companies. Their success has made them untouchable in the eyes of investors and when they fall short of greatness, out come the knives". This upheaval in technology reflects more comprehensive market anxieties as investors struggle to understand mixed signs from the economy while simultaneously trying to reassess their strategies amid rising fears of recession.

Tech stocks plunge amid US recession fears

Now, we look at how markets opened this morning after investors fled US Tech Megacaps, which had been the engine that drove the bull market on Wall Street. Asian technology stocks slumped on Friday, mirroring Wall Street's losses.

Yen's surge against the dollar weighs on Japanese shares

Global markets witnessed a lot of turbulence heading to this year. Geopolitical tensions and inflation concerns were at their peak. Cut to 6 months later, and the global markets have witnessed record highs. Asian stocks have breached&nbsp;multiple peaks, with India &amp; Pakistan's stock markets leading the rally. US stocks are also at record highs. But what's driving this rally?

The surge in tech stocks has bolstered the markets in 2024. While investors are still navigating interest rate dynamics, companies like Nvidia have soared exponentially, rising to over 150 per cent in the year. Reuters data shows that the MSCI's 47-country world stocks index has clocked up 11 per cent since January. Meanwhile, the top tech firms have surged 30 per cent. The magnificent seven alone has surged $8.3 trillion in the last 18 months. This contrasting jump explains the&nbsp;market's triumph.

This comes at a time when major economies have witnessed or are about to witness 'unexpected' elections. Election uncertainties have certainly caused market volatility, which has benefitted short-sellers as well. In Nvidia's recent $430 billion 3-day slump, short-sellers reportedly made $5 billion.

Gold and cryptocurrency shine

Cocoa prices surged to record highs of $11,000 in the initial months of 2024. Since then, the prices have witnessed a downward trend,&nbsp;declining to a 2-year low.

But what shines is GOLD! The yellow metal has hit record highs in 2024. The demand for safe-haven assets has overall surged in 2024, with investors looking for safer bets amid volatility.&nbsp;

Cryptocurrencies also made a comeback, with the approval of Exchange-Traded Funds (ETFs). The prices broke multiple record highs as it cruised through the $70,000 mark.

Global markets witnessed a lot of turbulence heading to this year. Geopolitical tensions and inflation concerns were at their peak. Cut to 6 months later, and the global markets have witnessed record highs.

Global markets witnessed a lot of turbulence heading to this year. Geopolitical tensions and inflation concerns were at their peak. Cut to 6 months later, and the global markets have witnessed record highs. Asian stocks have breached multiple peaks, with India & Pakistan's stock markets leading the rally. US stocks are also at record highs. But what's driving this rally? The surge in tech stocks has bolstered the markets in 2024. While investors are still navigating interest rate dynamics, companies like Nvidia have soared exponentially, rising to over 150 per cent in the year. Reuters data shows that the MSCI's 47-country world stocks index has clocked up 11 per cent since January. Meanwhile, the top tech firms have surged 30 per cent. The magnificent seven alone has surged $8.3 trillion in the last 18 months. This contrasting jump explains the market's triumph. This comes at a time when major economies have witnessed or are about to witness 'unexpected' elections. Election uncertainties have certainly caused market volatility, which has benefitted short-sellers as well. In Nvidia's recent $430 billion 3-day slump, short-sellers reportedly made $5 billion. Gold and cryptocurrency shine Cocoa prices surged to record highs of $11,000 in the initial months of 2024. Since then, the prices have witnessed a downward trend, declining to a 2-year low. But what shines is GOLD! The yellow metal has hit record highs in 2024. The demand for safe-haven assets has overall surged in 2024, with investors looking for safer bets amid volatility. Cryptocurrencies also made a comeback, with the approval of Exchange-Traded Funds (ETFs). The prices broke multiple record highs as it cruised through the $70,000 mark.

Global markets roundup: Tech rally leads global markets in 2024

Investors are flocking to the tech sector, drawn by the promise of profitable growth in the face of looming recession concerns. Leading tech giants such as Apple Inc. and Microsoft Corp. have emerged as the market's darlings, surging ahead while economically sensitive industries take a back seat.&nbsp;

According to Bloomberg, the latest Markets Live Pulse survey&nbsp;indicates that 41 percent of market participants believe the highest returns this year will come from quality stocks focused on profitability. This has fueled the resurgence of the tech-heavy Nasdaq 100, which has already recovered over half of its losses from the previous year.

The rise of Artificial Intelligence (AI)

One of the driving forces behind the tech rally is the growing buzz around Artificial Intelligence. Investors are captivated by the potential of AI and its impact on various industries. Companies like Nvidia Corp., which specializes in the chips required for complex AI computing tasks, are witnessing significant gains. In fact, Nvidia recently became the first chipmaker to achieve a market valuation of $1 trillion, reflecting the enthusiasm surrounding AI-driven technologies.

Tech stock triumph and its pricey valuations

According to the MLIV Pulse survey, the strategy of buying quality stocks focused on profitability has outperformed momentum, value, and low-risk/volatility/beta stocks. This trend underscores investors' preference for stability and solid financial performance. Citigroup Inc. recently raised its outlook on tech stocks to overweight, anticipating a boost from AI and a potential end to the Federal Reserve's rate hikes.

While the rush to tech stocks continues unabated, it comes at a price. The tech sector now stands as the most expensive among S&amp;P 500 sectors, with valuation multiples reaching levels unseen since early 2022. Bloomberg Intelligence highlights that investors should be cautious, as much of the expected growth may already be factored into current stock prices.

Recession concerns and investor sentiment

The survey reveals that investors view a potential recession as the biggest risk for stocks over the next year, with 42 percent of respondents expressing this concern. Interest rates closely follow as the second-highest risk at 23 percent. While inflation has shown signs of slowing, it remains elevated, and credit conditions have tightened. However, the labor market remains relatively robust, and consumer spending continues to support the economy.

The current market environment is far from normal, anticipating a recession shaping investors' decision-making and limiting visibility. Retail investors and Wall Street professionals appear divided on the future direction of Treasury yields, further highlighting the lack of clarity. In such uncertain times, investors find themselves at a crossroads, cautiously analyzing potential market moves and chasing the direction that promises the least pain.

Investors are flocking to the tech sector, drawn by the promise of profitable growth in the face of looming recession concerns. Leading tech giants such as Apple Inc.

Investors are flocking to the tech sector, drawn by the promise of profitable growth in the face of looming recession concerns. Leading tech giants such as Apple Inc. and Microsoft Corp. have emerged as the market's darlings, surging ahead while economically sensitive industries take a back seat. According to Bloomberg, the latest Markets Live Pulse survey indicates that 41 percent of market participants believe the highest returns this year will come from quality stocks focused on profitability. This has fueled the resurgence of the tech-heavy Nasdaq 100, which has already recovered over half of its losses from the previous year. The rise of Artificial Intelligence (AI) One of the driving forces behind the tech rally is the growing buzz around Artificial Intelligence. Investors are captivated by the potential of AI and its impact on various industries. Companies like Nvidia Corp., which specializes in the chips required for complex AI computing tasks, are witnessing significant gains. In fact, Nvidia recently became the first chipmaker to achieve a market valuation of $1 trillion, reflecting the enthusiasm surrounding AI-driven technologies. Tech stock triumph and its pricey valuations According to the MLIV Pulse survey, the strategy of buying quality stocks focused on profitability has outperformed momentum, value, and low-risk/volatility/beta stocks. This trend underscores investors' preference for stability and solid financial performance. Citigroup Inc. recently raised its outlook on tech stocks to overweight, anticipating a boost from AI and a potential end to the Federal Reserve's rate hikes. While the rush to tech stocks continues unabated, it comes at a price. The tech sector now stands as the most expensive among S&P 500 sectors, with valuation multiples reaching levels unseen since early 2022. Bloomberg Intelligence highlights that investors should be cautious, as much of the expected growth may already be factored into current stock prices. Recession concerns and investor sentiment The survey reveals that investors view a potential recession as the biggest risk for stocks over the next year, with 42 percent of respondents expressing this concern. Interest rates closely follow as the second-highest risk at 23 percent. While inflation has shown signs of slowing, it remains elevated, and credit conditions have tightened. However, the labor market remains relatively robust, and consumer spending continues to support the economy. The current market environment is far from normal, anticipating a recession shaping investors' decision-making and limiting visibility. Retail investors and Wall Street professionals appear divided on the future direction of Treasury yields, further highlighting the lack of clarity. In such uncertain times, investors find themselves at a crossroads, cautiously analyzing potential market moves and chasing the direction that promises the least pain.

Tech takes centrestage: Investors dance to the beat of profitability amid dull market tunes

In a market rife with uncertainty, investors are turning their attention to the tech sector, seeking profitable growth as recession fears loom. Big tech giants like apple and Microsoft have emerged as frontrunners, surging ahead while economically sensitive industries face headwinds. The market pulse survey indicates that 41% of market participants believe that the highest returns this year will come from quality stocks focused on profitability.

Tech rally to continue amid recession fears

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