
Banks Deliver Mixed Bag of Earnings, Tesla Postpones Robotaxi Event
The Rundown
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Intro
The chapter covers the end of the stock market's winning streak with a significant drop in big tech stocks like Tesla, Nvidia, and Meta, along with mixed earnings reports from big banks like JP Morgan, Wells Fargo, and Citibank. It discusses the potential shift of investor interest from big tech to smaller companies following a positive CPI report indicating possible interest rate cuts from the Fed.
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