Nasdaq and Big Tech's Record Highs, Tesla Hotter In July, Paramount Soars 7/3/24
Squawk on the Street
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Market Trends and Mega-Cap Companies
The chapter delves into the past week's market trends, emphasizing the impact of the bond market and a late rally led by mega-cap companies like Amazon and Apple. Discussions revolve around the split market performance, signs of economic slowdown, Fed's stance, and potential market impact under different political administrations. Special focus is on mega-cap companies' robust positions, capex spending in AI technologies, potential regulations, market deals, and ongoing merger negotiations involving Paramount and other entities.
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