Yesterday’s quarterly Treasury borrowing report was not enough to keep the ALL-TIME HIGH streak going for main US indexes. US stocks floundered in the face of big tech earnings with semiconductor companies taking the brunt of the sell off. Concerns over Advanced Micro Devices (-4.1%) going into this afternoon’s earnings rippled through the sector as traders questioned the high valuations. Focus will be on AMD’s revenue forecasts for 2024 especially after Intel Corp (-2.1%) and Texas Instruments…
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