Bank and Tech Stocks Drag Wall Street Lower

5 articles I'm watching carefully

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Tyler Dupont
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Good morning 👋

Here's the latest news I'm tracking today.

 📈 Stocks / Finance

Bank and Tech Stocks Drag Wall Street Lower

U.S. stocks fell as losses in major banks and big tech weighed on the market. The S&P 500 slipped after a recent record, while oil stocks rose with higher crude prices. Smaller companies outperformed, and investors moved toward safer assets.

Nvidia Raises New Risks for Tesla Robotaxi Hopes

Nvidia unveiled major upgrades to its self-driving platform, making it easier for many automakers to build robotaxis. This raises competition for Tesla’s Cybercab, which is still years from scale, adding risk to Tesla’s already high stock valuation.

AMD Rallies as Analysts See $15B AI Revenue Path

AMD shares jumped after KeyBanc upgraded the stock, saying booming data center demand could drive $14–15B in AI revenue by 2026. Analysts note strong sales to big tech clients and growing confidence ahead of AMD’s upcoming earnings.

🪙 Crypto

Bitcoin Breaks Higher, Short Sellers Take Losses

Bitcoin climbed to a two month high near $98,000, finally joining rallies in stocks and gold. The move wiped out about $700M in bearish crypto bets and drew strong inflows into Bitcoin ETFs, signaling renewed investor confidence.

🌎 Global Economy

WEF Warns Economic Conflicts Are Top Global Risk

A World Economic Forum survey says economic clashes between major powers are the biggest risk over the next two years. Over the longer term, experts warn climate threats like extreme weather and biodiversity loss pose the greatest danger worldwide.

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