NEWS ALERT
Powell Triggered Markets Carnage: VIX Spikes 58%, Stocks Plummet, Dollar Hits 2-Year Highs, Bitcoin Nosedives to 98.6K.

The Latest AI Boost. Tech stocks are suddenly back in favor. After a period of weakness, the Magnificent 7 stocks and the rest of the technology complex have rallied of late. Today's surge followed a well-received earnings report from Salesforce.
The software firm continues to get traction from its AI offerings, capping a wave of AI-fueled software results in recent months. Salesforce soared 11% on the day, making it the best performer in the S&P 500.

The Dow Jones Industrial Average’s ascendancy to the 40,000 level may be grabbing all the headlines. But could large caps soon be in for a rough patch if the Federal Reserve starts cutting interest rates? If so, small-cap stocks could finally get their moment in the sun.

#US #Stocks rallied today following job report (U.S. JOB GROWTH SLOWS IN APRIL, UNEMPLOYMENT RISES TO 3.9%), with investors taking this labor market slowdown as evidence in favor of the Federal Reserve lowering interest rates at some point this year.