US stocks close flat as Nasdaq extends weekly gains, S&P 500 and Dow dip
Broadcom forecast quarterly revenue surpassing Wall Street expectations and predicted robust growth in demand for its custom AI chips over the next few years. The optimistic outlook propelled the company's shares 24% higher, pushing its market capitalization past $1 trillion for the first time.
Chip stocks were mixed, with Broadcom rival Marvell Technology rising 10.8%, while AI bellwether Nvidia closed 2.2% lower. But a gauge of semiconductor stocks added 3.2%.
Yields on U.S. Treasuries rose across the board, with ones on the benchmark 10-year bond hitting a three-week high.
«Right now the interest rate selloff is winning,» said Jay Hatfield, chief executive officer at Infrastructure Capital Management in New York. «It's pretty natural for value and income stocks to go down when tech stocks are rising.»
Stock Trading
Ichimoku Trading Unlocked: Expert Analysis and Strategy
By — Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert
Stock Trading
ROC Made Easy: Master Course for ROC Stock Indicator
By — Souradeep Dey, Equity and Commodity Trader, Trainer
Stock Trading
Algo Trading Made Easy
By — Vivek Gadodia, Partner at Dravyaniti Consulting and RBT Algo Systems
Stock Trading
RSI Trading Techniques: Mastering the RSI Indicator
By — Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert
Stock Trading
A2Z of Stock Trading — Online Stock Trading Course
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Commodity Markets Made Easy: Commodity Trading Course
By — elearnmarkets,
