Wall Street Opens Mixed as Defence, Energy and Crypto Lead, While Gold and Nasdaq Slip
Executive summary: US markets opened with a clear rotation theme, as defence stocks surged, energy and financials gained, and the Dow outperformed even as the Nasdaq and small caps lagged. The move came alongside a sharp drop in crude and natural gas, a softer gold complex, and a stronger dollar against the yen, pointing to a market that is pricing lower inflation pressure and a more selective risk appetite. [Continue Reading]
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