• Month: June 2023

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9 June

AI Fueled Markets Defy Debt Ceiling Drama

By in Market Update

Quick Take: Amidst the final stretch of debt ceiling negotiations to avoid a US default, equities and bonds remained resilient, with AI-related names leading the charge. Mega tech companies continued a year-to-date market dominance as the tech-heavy Nasdaq rose 5.8%, outperforming the S&P 500 equity index, which increased 0.3%.[1] Five stocks — Microsoft, Alphabet Inc. […]

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