3 things investors need to know from last week!
Stock Rally Pauses in Thin Trading Amid US Holiday:?The rally in global shares paused Tuesday in quiet trading as US markets were shut for a holiday. Europe’s benchmark Stoxx 600 edged higher on trading volume that was a quarter lower than the 30-day average. Real estate shares climbed, while J Sainsbury Plc fell as the UK grocer’s unchanged pretax profit forecast underwhelmed analysts.
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Source: Yahoo Finance
?There may be an economic shark in the water for investors:?For starters, I would wager most people sitting on gains in Nvidia, Microsoft and Alphabet had never heard of?generative AI?back in December 2022. And if they did, no way did they anticipate the hype around the nascent technology and explosive stock price gains.?Yet here we stand with the top five stocks in the S&P 500 (think: Nvidia, Microsoft, Google) now accounting for about 22% of the overall index thanks to these big gains, the most concentrated the index has been since at least 1980, Truist co-chief investment officer Keith Lerner tells me.
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Source: Yahoo Finance
?EU concerned over China export controls on metals used in chips:?The European Commission expressed concern on Tuesday over China's planned curbs on exports of strategic metals widely used in the semiconductor industry and doubt that the move was related to security.?China said the control on exports of gallium and germanium products from Aug. 1 was aimed at protecting national security.
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Source: Yahoo Finance