From NASDAQ: 2024-03-26 10:21:00

U.S. stock markets experienced a pullback despite the possibility of a fifth consecutive winning month. The AI-driven rally continues its strong pace in the market. Smart devices in the AI sector require advanced capabilities that benefit the semiconductor industry with high processing power and memory efficiency.

Investors’ sentiment remains bullish with 43.2% foreseeing positive stock market performance. The Conference Board and University of Michigan will release important consumer confidence data for March. China’s new guidelines will phase out U.S. processors, affecting companies like Intel and AMD.

Boeing’s CEO is set to step down by 2024 in a management overhaul. Amgen aims to enter the weight loss drug market dominated by Novo Nordisk and Eli Lilly. Analysts project the market size to reach $100 billion by the end of the decade.

Bitcoin reclaimed $70,000 after an all-time high, followed by a 15% correction. New Home sales fell in February but January was revised upward. The economic data also includes consumer sentiment indices and AI developments in the semiconductor industry.



Read more at NASDAQ: Wall Street Awaits Consumer Confidence Data