Wall Street Opens Mixed as Tech Sells Off, Gold and Defence Catch a Bid
Executive summary: US equities opened with a sharp split, as the Nasdaq and S&P 500 slipped while the Dow held a gain. The main pressure point was technology, with AI and chip shares leading losses, while gold, palladium and defence stocks advanced. The move points to a more defensive tone at the open, with investors rotating away from high-beta growth and into havens and select cyclicals. [Continue Reading]
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