Investors are focused on what has so far proven the narrow breadth in the market in 2023, and looking ahead to PMI data Monday morning.
that have been carrying the rest of the market, and whether there could be an intermediate-term correction if breadth doesn't improve.
"Recent banking sector developments are also encouraging, and repeated signs of labor market strength are reducing the risk negative outcomes. Monday service PMI numbers and factory orders could help reinforce the positive narrative," he added.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nvidia investors are selling stock as AI bubble, hype inflate marketEven the biggest winners of Nvidia's stock spike are cutting back as AI hype goes into overdrive
Read more »
Paul Graham thinks stock market investors are missing out on AI boomInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Stock market chaotic new normal will screw over Wall Street investorsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Lehi woman pleads guilty to defrauding investors of over $5 million in company schemeThe C.E.O. of a Utah-based software company is scheduled to be sentenced in court on August 15 after admitting to defrauding both in and out-of-state investors of a combined $5.025 million.
Read more »
Here’s What Investors Should Know as Actively Managed ETFs Take OffBefore you invest in an actively managed ETF, be aware of the pros and cons
Read more »
Crypto Investors Lost $54M to Rugpulls, Scams in May: Blockchain Security Firm De.FiMay was a turbulent month for the cryptocurrency market. We witnessed a wave of scams and hacking incidents that resulted in cumulative losses of over $54 million, a DeDotFi report shows. Good news? It's only half of April's $101.5 million loss.
Read more »